Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to ZAMBIA

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
2.73
Percentage difference between market reference rate 0.99 and exchange rate charged 0.96
2.73
29.7329.73
407.3059.46
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
260.0037.96
2.73
Percentage difference between market reference rate 0.99 and exchange rate charged 0.96
2.73
21.7121.71
297.4343.42
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
2.02
Percentage difference between market reference rate 0.99 and exchange rate charged 0.97
2.02
5.025.02
68.7710.04
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
3.80
Percentage difference between market reference rate 0.99 and exchange rate charged 0.95
3.80
28.9828.98
397.0357.96
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
Medium
100.0014.60
-3.23
Percentage difference between market reference rate 0.99 and exchange rate charged 1.02
-3.23
4.074.07
55.768.14
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
1.01
Percentage difference between market reference rate 0.99 and exchange rate charged 0.98
1.01
5.835.83
79.8711.66
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
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, Call Center, Internet
Sending network coverage
High
Receiving method
High
125.0018.25
0.00
Percentage difference between market reference rate 0.99 and exchange rate charged 0.99
0.00
9.129.12
124.9418.24
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
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
307.9644.96
3.36
Percentage difference between market reference rate 0.99 and exchange rate charged 0.96
3.36
25.8425.84
354.0151.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
Medium
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
Medium
68.5010.00
3.24
Percentage difference between market reference rate 0.99 and exchange rate charged 0.96
3.24
8.248.24
112.8916.48
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
47.957.00
3.24
Percentage difference between market reference rate 0.99 and exchange rate charged 0.96
3.24
6.746.74
92.3413.48
Total Average Second Quarter
15.3515.35
Total Average First Quarter
15.4915.49
Total Average
Fee
185.0227.01
Exchange Rate Margin (%)
1.851.85
Total Cost Percent (%)
15.3515.35
Total Cost (ZAR) Total Cost (USD)
210.3530.71
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour 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
2.73
Percentage difference between market reference rate 0.99 and exchange rate charged 0.96
2.73
13.5813.58
463.0867.90
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
260.0038.12
2.73
Percentage difference between market reference rate 0.99 and exchange rate charged 0.96
2.73
10.3510.35
352.9451.75
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
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
3.80
Percentage difference between market reference rate 0.99 and exchange rate charged 0.95
3.80
13.9213.92
474.6769.60
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
Medium
100.0014.66
-3.23
Percentage difference between market reference rate 0.99 and exchange rate charged 1.02
-3.23
-0.30-0.30
-10.23-1.50
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
1.01
Percentage difference between market reference rate 0.99 and exchange rate charged 0.98
1.01
5.795.79
197.4428.95
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
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, Call Center, Internet
Sending network coverage
High
Receiving method
High
311.0045.60
0.00
Percentage difference between market reference rate 0.99 and exchange rate charged 0.99
0.00
9.129.12
310.9945.60
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
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
307.9645.16
3.36
Percentage difference between market reference rate 0.99 and exchange rate charged 0.96
3.36
12.3912.39
422.5061.95
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
Medium
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
Medium
170.5025.00
3.24
Percentage difference between market reference rate 0.99 and exchange rate charged 0.96
3.24
8.248.24
280.9841.20
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
119.3517.50
3.24
Percentage difference between market reference rate 0.99 and exchange rate charged 0.96
3.24
6.746.74
229.8333.70
Total Average Second Quarter
8.968.96
Total Average First Quarter
9.449.44
Total Average
Fee
242.7635.60
Exchange Rate Margin (%)
1.841.84
Total Cost Percent (%)
8.968.96
Total Cost (ZAR) Total Cost (USD)
305.3744.77
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour 2 days 3-5 days
Bank account Cash Mobile wallet