Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to MALAWI

Data collected on: May 13, 2020
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
370.0054.01
8.44
Percentage difference between market reference rate 39.82 and exchange rate charged 36.46
8.44
35.4435.44
485.5370.88
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
260.0037.96
8.44
Percentage difference between market reference rate 39.82 and exchange rate charged 36.46
8.44
27.4127.41
375.5254.82
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
41.106.00
1.32
Percentage difference between market reference rate 39.82 and exchange rate charged 39.29
1.32
4.324.32
59.188.64
EcoCash Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
High
20.553.00
6.98
Percentage difference between market reference rate 39.82 and exchange rate charged 37.04
6.98
8.488.48
116.1816.96
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
345.0050.36
8.18
Percentage difference between market reference rate 39.82 and exchange rate charged 36.56
8.18
33.3633.36
457.0366.72
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
137.0020.00
-0.69
Percentage difference between market reference rate 39.82 and exchange rate charged 40.09
-0.69
9.319.31
127.5518.62
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
66.009.64
2.66
Percentage difference between market reference rate 39.82 and exchange rate charged 38.76
2.66
7.477.47
102.3414.94
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
185.2027.04
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.38
15.8915.89
217.6931.78
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
125.0018.25
-0.56
Percentage difference between market reference rate 39.82 and exchange rate charged 40.04
-0.56
8.578.57
117.4117.14
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
304.0144.38
2.42
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.42
24.6124.61
337.1649.22
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
28.504.16
3.03
Percentage difference between market reference rate 39.82 and exchange rate charged 38.61
3.03
5.115.11
70.0110.22
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
307.9644.96
4.70
Percentage difference between market reference rate 39.82 and exchange rate charged 37.95
4.70
27.1827.18
372.3754.36
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
184.6026.95
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.35
13.8213.82
189.3327.64
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
47.957.00
1.37
Percentage difference between market reference rate 39.82 and exchange rate charged 39.27
1.37
4.874.87
66.729.74
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
47.957.00
1.37
Percentage difference between market reference rate 39.82 and exchange rate charged 39.27
1.37
4.874.87
66.729.74
Total Average Second Quarter
15.3815.38
Total Average First Quarter
15.7515.75
Total Average
Fee
164.7224.05
Exchange Rate Margin (%)
3.363.36
Total Cost Percent (%)
15.3815.38
Total Cost (ZAR) Total Cost (USD)
210.7230.76
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
370.0054.25
8.44
Percentage difference between market reference rate 39.82 and exchange rate charged 36.46
8.44
19.2919.29
657.7996.45
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
260.0038.12
8.44
Percentage difference between market reference rate 39.82 and exchange rate charged 36.46
8.44
16.0616.06
547.6580.30
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
EcoCash Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
High
51.157.50
6.98
Percentage difference between market reference rate 39.82 and exchange rate charged 37.04
6.98
8.488.48
289.1742.40
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
345.0050.59
8.18
Percentage difference between market reference rate 39.82 and exchange rate charged 36.56
8.18
18.3018.30
624.0391.50
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
341.0050.00
-0.69
Percentage difference between market reference rate 39.82 and exchange rate charged 40.09
-0.69
9.319.31
317.4746.55
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
163.0023.90
2.66
Percentage difference between market reference rate 39.82 and exchange rate charged 38.76
2.66
7.447.44
253.7037.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
240.7635.30
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.38
9.449.44
321.9047.20
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
311.0045.60
-0.56
Percentage difference between market reference rate 39.82 and exchange rate charged 40.04
-0.56
8.568.56
291.9042.80
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
304.0144.58
2.42
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.42
11.3411.34
386.6956.70
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
28.504.18
3.03
Percentage difference between market reference rate 39.82 and exchange rate charged 38.61
3.03
3.863.86
131.6319.30
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
307.9645.16
4.70
Percentage difference between market reference rate 39.82 and exchange rate charged 37.95
4.70
13.7313.73
468.1968.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
221.5232.48
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.35
6.856.85
233.5934.25
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
119.3517.50
1.37
Percentage difference between market reference rate 39.82 and exchange rate charged 39.27
1.37
4.874.87
166.0724.35
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
119.3517.50
1.37
Percentage difference between market reference rate 39.82 and exchange rate charged 39.27
1.37
4.874.87
166.0724.35
Total Average Second Quarter
10.1710.17
Total Average First Quarter
10.6510.65
Total Average
Fee
227.3333.33
Exchange Rate Margin (%)
3.513.51
Total Cost Percent (%)
10.1710.17
Total Cost (ZAR) Total Cost (USD)
346.8550.86
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet