Remittance Prices Worldwide

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Sending money from TANZANIA to KENYA

Data collected on: Feb 05, 2019
TZS | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8,260.005.09
0.86
0.86
3.403.40
11,033.006.80
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
5,000.003.08
4.16
4.16
5.705.70
18,496.5011.40
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
16,760.0010.33
2.22
2.22
7.387.38
23,948.1014.76
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
11,000.006.78
4.16
4.16
7.557.55
24,499.7515.10
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
53,542.5033.00
4.51
4.51
21.0121.01
68,177.4542.02
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
81,125.0050.00
4.51
4.51
29.5129.51
95,759.9559.02
National Bank of Commerce Ltd (NBC)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
81,125.0050.00
9.80
9.80
34.8034.80
112,926.0069.60
Stanbic Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
95,727.5059.00
7.17
7.17
36.6736.67
118,994.1573.34
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
M-Pesa
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
7,500.004.62
0.00
0.00
2.312.31
7,495.954.62
Total Average First Quarter
16.4816.48
Total Average Fourth Quarter 2018
14.0014.00
Total Average
Fee
40,004.4424.66
Exchange Rate Margin (%)
4.154.15
Total Cost Percent (%)
16.4816.48
Total Cost (TZS) Total Cost (USD)
53,481.2132.96
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Next day
Bank account Cash Mobile wallet Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
23,600.0014.55
0.86
0.86
3.773.77
30,574.7018.85
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
8,000.004.93
4.16
4.16
5.155.15
41,766.5025.75
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
37,500.0023.12
2.22
2.22
6.846.84
55,472.4034.20
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
28,000.0017.26
4.16
4.16
7.617.61
61,717.1038.05
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
53,526.0033.00
4.51
4.51
11.1111.11
90,102.1055.55
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
81,100.0050.00
4.51
4.51
14.5114.51
117,676.1072.55
Stanbic Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
95,698.0059.00
7.17
7.17
18.9718.97
153,846.7094.85
National Bank of Commerce Ltd (NBC)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
81,100.0050.00
9.80
9.80
19.8019.80
160,578.0099.00
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
M-Pesa
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
11,300.006.97
0.00
0.00
1.391.39
11,272.906.95
Total Average First Quarter
9.919.91
Total Average Fourth Quarter 2018
7.337.33
Total Average
Fee
46,647.1128.76
Exchange Rate Margin (%)
4.154.15
Total Cost Percent (%)
9.919.91
Total Cost (TZS) Total Cost (USD)
80,334.0649.53
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Next day
Bank account Cash Mobile wallet Own/partner bank account