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Transfer money

Sending money from SOUTH AFRICA to MOZAMBIQUE

Data collected on: Sep 17, 2019
ZAR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)Total cost (USD)
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
47.957.00
Exchange rate margin (%)
1.67
Percentage difference between market reference rate 4.17 and exchange rate charged 4.111.67
Total cost (%)
5.175.17
Total cost (ZAR)Total cost (USD)
70.8310.34
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
350.0051.09
Exchange rate margin (%)
4.82
Percentage difference between market reference rate 4.17 and exchange rate charged 3.974.82
Total cost (%)
30.3730.37
Total cost (ZAR)Total cost (USD)
416.0760.74
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
47.957.00
Exchange rate margin (%)
2.17
Percentage difference between market reference rate 4.17 and exchange rate charged 4.082.17
Total cost (%)
5.675.67
Total cost (ZAR)Total cost (USD)
77.6811.34
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
250.0036.50
Exchange rate margin (%)
4.82
Percentage difference between market reference rate 4.17 and exchange rate charged 3.974.82
Total cost (%)
23.0723.07
Total cost (ZAR)Total cost (USD)
316.0646.14
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
27.404.00
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 4.17 and exchange rate charged 4.140.89
Total cost (%)
2.892.89
Total cost (ZAR)Total cost (USD)
39.595.78
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
285.0041.61
Exchange rate margin (%)
4.91
Percentage difference between market reference rate 4.17 and exchange rate charged 3.974.91
Total cost (%)
25.7125.71
Total cost (ZAR)Total cost (USD)
352.2351.42
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
70.0010.22
Exchange rate margin (%)
4.91
Percentage difference between market reference rate 4.17 and exchange rate charged 3.974.91
Total cost (%)
10.0110.01
Total cost (ZAR)Total cost (USD)
137.1420.02
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
109.6016.00
Exchange rate margin (%)
8.35
Percentage difference between market reference rate 4.17 and exchange rate charged 3.838.35
Total cost (%)
16.3516.35
Total cost (ZAR)Total cost (USD)
224.0032.70
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
199.0429.06
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)
18.1618.16
Total cost (ZAR)Total cost (USD)
248.7936.32
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
73.0010.66
Exchange rate margin (%)
6.34
Percentage difference between market reference rate 4.17 and exchange rate charged 3.916.34
Total cost (%)
11.6711.67
Total cost (ZAR)Total cost (USD)
159.8823.34
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
307.9644.96
Exchange rate margin (%)
5.83
Percentage difference between market reference rate 4.17 and exchange rate charged 3.935.83
Total cost (%)
28.3128.31
Total cost (ZAR)Total cost (USD)
387.8556.62
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
214.3531.29
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)
19.2819.28
Total cost (ZAR)Total cost (USD)
264.1438.56
Total Average Third Quarter
16.3916.39
Total Average Second Quarter
15.6915.69
Total Average
Fee
165.1924.11
Exchange Rate Margin (%)
4.334.33
Total Cost Percent (%)
16.3916.39
Total Cost (ZAR) Total Cost (USD)
224.5232.78
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)sort descending
Total cost (ZAR)Total cost (USD)
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
N/AN/A
Exchange rate margin (%)
N/A
not availableN/A
Total cost (%)sort descending
N/AN/A
Total cost (ZAR)Total cost (USD)
N/AN/A
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
N/AN/A
Exchange rate margin (%)
N/A
not availableN/A
Total cost (%)sort descending
N/AN/A
Total cost (ZAR)Total cost (USD)
N/AN/A
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
N/AN/A
Exchange rate margin (%)
N/A
not availableN/A
Total cost (%)sort descending
N/AN/A
Total cost (ZAR)Total cost (USD)
N/AN/A
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
119.3517.50
Exchange rate margin (%)
1.67
Percentage difference between market reference rate 4.17 and exchange rate charged 4.111.67
Total cost (%)sort descending
5.175.17
Total cost (ZAR)Total cost (USD)
176.3025.85
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
119.3517.50
Exchange rate margin (%)
2.17
Percentage difference between market reference rate 4.17 and exchange rate charged 4.082.17
Total cost (%)sort descending
5.675.67
Total cost (ZAR)Total cost (USD)
193.3528.35
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
250.0036.66
Exchange rate margin (%)
4.82
Percentage difference between market reference rate 4.17 and exchange rate charged 3.974.82
Total cost (%)sort descending
12.1612.16
Total cost (ZAR)Total cost (USD)
414.6660.80
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
285.0041.79
Exchange rate margin (%)
4.91
Percentage difference between market reference rate 4.17 and exchange rate charged 3.974.91
Total cost (%)sort descending
13.2613.26
Total cost (ZAR)Total cost (USD)
452.1766.30
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
367.4653.88
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)sort descending
14.4114.41
Total cost (ZAR)Total cost (USD)
491.3872.05
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
382.7756.12
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)sort descending
14.8614.86
Total cost (ZAR)Total cost (USD)
506.7374.30
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
307.9645.16
Exchange rate margin (%)
5.83
Percentage difference between market reference rate 4.17 and exchange rate charged 3.935.83
Total cost (%)sort descending
14.8714.87
Total cost (ZAR)Total cost (USD)
507.0774.35
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
350.0051.32
Exchange rate margin (%)
4.82
Percentage difference between market reference rate 4.17 and exchange rate charged 3.974.82
Total cost (%)sort descending
15.0915.09
Total cost (ZAR)Total cost (USD)
514.5775.45
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
272.8040.00
Exchange rate margin (%)
8.35
Percentage difference between market reference rate 4.17 and exchange rate charged 3.838.35
Total cost (%)sort descending
16.3516.35
Total cost (ZAR)Total cost (USD)
557.5481.75
Total Average Third Quarter
12.4312.43
Total Average Second Quarter
10.2010.20
Total Average
Fee
272.7439.99
Exchange Rate Margin (%)
4.434.43
Total Cost Percent (%)
12.4312.43
Total Cost (ZAR) Total Cost (USD)
423.7562.13
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To Mozambique
Least Costly Corridors From South Africa
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