Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to MOZAMBIQUE

Data collected on: Nov 10, 2021-Nov 29, 2021
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.000.73
3.30
Percentage difference between market reference rate 3.97 and exchange rate charged 3.84
3.30
3.663.66
50.147.32
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
52.507.66
1.95
Percentage difference between market reference rate 4.22 and exchange rate charged 4.14
1.95
5.785.78
79.1911.56
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
52.507.66
2.44
Percentage difference between market reference rate 4.22 and exchange rate charged 4.12
2.44
6.286.28
86.0412.56
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
41.106.00
3.32
Percentage difference between market reference rate 3.97 and exchange rate charged 3.84
3.32
6.326.32
86.5812.64
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
41.106.00
3.78
Percentage difference between market reference rate 4.04 and exchange rate charged 3.89
3.78
6.786.78
92.8913.56
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
41.106.00
3.78
Percentage difference between market reference rate 4.04 and exchange rate charged 3.89
3.78
6.786.78
92.8913.56
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
53.007.74
3.37
Percentage difference between market reference rate 4.20 and exchange rate charged 4.06
3.37
7.247.24
99.1914.48
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center, Agent
Sending network coverage
High
Receiving method
Agent
High
53.007.74
3.58
Percentage difference between market reference rate 4.13 and exchange rate charged 3.98
3.58
7.447.44
101.9314.88
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
47.276.90
5.26
Percentage difference between market reference rate 4.20 and exchange rate charged 3.98
5.26
8.718.71
119.3317.42
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
66.009.64
4.44
Percentage difference between market reference rate 4.20 and exchange rate charged 4.01
4.44
9.269.26
126.8618.52
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
68.5010.00
4.55
Percentage difference between market reference rate 4.22 and exchange rate charged 4.03
4.55
9.559.55
130.8419.10
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Agent
High
53.007.74
6.10
Percentage difference between market reference rate 4.24 and exchange rate charged 3.98
6.10
9.979.97
136.5919.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
179.0026.13
0.45
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
0.45
13.5113.51
185.0927.02
Standard Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
178.5726.07
0.66
Percentage difference between market reference rate 4.07 and exchange rate charged 4.05
0.66
13.7013.70
187.6927.40
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
178.5726.07
2.57
Percentage difference between market reference rate 4.21 and exchange rate charged 4.10
2.57
15.6015.60
213.7231.20
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
295.0043.07
1.21
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.21
22.7422.74
311.5445.48
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
4.76
Percentage difference between market reference rate 4.22 and exchange rate charged 4.02
4.76
25.2025.20
345.2450.40
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center, Bank branch
Sending network coverage
Medium
Receiving method
Medium
400.0058.39
1.77
Percentage difference between market reference rate 0.07 and exchange rate charged 0.06
1.77
30.9730.97
424.2961.94
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
410.0059.85
4.84
Percentage difference between market reference rate 4.21 and exchange rate charged 4.01
4.84
34.7734.77
476.3569.54
Total Average Fourth Quarter 2021
12.8612.86
Total Average Third Quarter 2021
15.3715.37
Total Average
Fee
131.3319.17
Exchange Rate Margin (%)
3.273.27
Total Cost Percent (%)
12.8612.86
Total Cost (ZAR) Total Cost (USD)
176.1325.71
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.000.73
3.30
Percentage difference between market reference rate 3.97 and exchange rate charged 3.84
3.30
3.443.44
117.3017.20
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
119.2417.48
1.95
Percentage difference between market reference rate 4.22 and exchange rate charged 4.14
1.95
5.445.44
185.5027.20
Standard Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
178.5726.18
0.66
Percentage difference between market reference rate 4.07 and exchange rate charged 4.05
0.66
5.905.90
201.1929.50
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
119.2417.48
2.44
Percentage difference between market reference rate 4.22 and exchange rate charged 4.12
2.44
5.945.94
202.5529.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
102.3015.00
3.32
Percentage difference between market reference rate 3.97 and exchange rate charged 3.84
3.32
6.326.32
215.5131.60
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
102.3015.00
3.78
Percentage difference between market reference rate 4.04 and exchange rate charged 3.89
3.78
6.786.78
231.2033.90
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
102.3015.00
3.78
Percentage difference between market reference rate 4.04 and exchange rate charged 3.89
3.78
6.786.78
231.2033.90
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
132.0019.35
3.37
Percentage difference between market reference rate 4.20 and exchange rate charged 4.06
3.37
7.247.24
246.8836.20
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center, Agent
Sending network coverage
High
Receiving method
Agent
High
132.0019.35
3.58
Percentage difference between market reference rate 4.13 and exchange rate charged 3.98
3.58
7.457.45
254.0537.25
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
178.5726.18
2.57
Percentage difference between market reference rate 4.21 and exchange rate charged 4.10
2.57
7.817.81
266.3239.05
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
117.6517.25
5.27
Percentage difference between market reference rate 4.20 and exchange rate charged 3.98
5.27
8.728.72
297.3543.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
287.0042.08
0.45
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
0.45
8.868.86
302.1344.30
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
163.0023.90
4.44
Percentage difference between market reference rate 4.20 and exchange rate charged 4.01
4.44
9.229.22
314.4046.10
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
170.5025.00
4.55
Percentage difference between market reference rate 4.22 and exchange rate charged 4.03
4.55
9.559.55
325.6647.75
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
295.0043.26
1.21
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.21
9.869.86
336.2349.30
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Agent
High
132.0019.35
6.10
Percentage difference between market reference rate 4.24 and exchange rate charged 3.98
6.10
9.989.98
340.3249.90
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
4.76
Percentage difference between market reference rate 4.22 and exchange rate charged 4.02
4.76
12.9712.97
442.2864.85
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center, Bank branch
Sending network coverage
Medium
Receiving method
Medium
400.0058.65
1.77
Percentage difference between market reference rate 0.07 and exchange rate charged 0.06
1.77
13.5013.50
460.3567.50
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
410.0060.12
4.84
Percentage difference between market reference rate 4.21 and exchange rate charged 4.01
4.84
16.8616.86
574.9384.30
Total Average Fourth Quarter 2021
8.568.56
Total Average Third Quarter 2021
10.3810.38
Total Average
Fee
180.3526.44
Exchange Rate Margin (%)
3.273.27
Total Cost Percent (%)
8.568.56
Total Cost (ZAR) Total Cost (USD)
291.8642.79
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet