Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From TZTanzania you can also send money to

Sending money from TANZANIA to RWANDA

Data collected on: May 14, 2020
TZS | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8,260.005.09
0.33
Percentage difference between market reference rate 0.41 and exchange rate charged 0.41
0.33
2.872.87
9,313.155.74
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
11,682.007.20
2.02
Percentage difference between market reference rate 0.41 and exchange rate charged 0.40
2.02
5.625.62
18,236.9011.24
Tigo
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
2,250.001.39
7.15
Percentage difference between market reference rate 0.41 and exchange rate charged 0.38
7.15
7.847.84
25,440.8015.68
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17,500.0010.79
4.18
Percentage difference between market reference rate 0.41 and exchange rate charged 0.39
4.18
9.579.57
31,054.6519.14
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
38,940.0024.00
17.47
Percentage difference between market reference rate 0.41 and exchange rate charged 0.34
17.47
29.4729.47
95,630.1558.94
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
126,555.0078.00
10.49
Percentage difference between market reference rate 0.41 and exchange rate charged 0.37
10.49
49.4949.49
160,595.0598.98
Total Average Second Quarter
17.4817.48
Total Average First Quarter
19.1919.19
Total Average
Fee
34,197.8321.08
Exchange Rate Margin (%)
6.946.94
Total Cost Percent (%)
17.4817.48
Total Cost (TZS) Total Cost (USD)
56,711.7834.95
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
23,600.0014.55
0.33
Percentage difference between market reference rate 0.41 and exchange rate charged 0.41
0.33
3.243.24
26,276.4016.20
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
29,198.0018.00
1.31
Percentage difference between market reference rate 0.41 and exchange rate charged 0.40
1.31
4.914.91
39,820.1024.55
Tigo
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
5,250.003.24
6.44
Percentage difference between market reference rate 0.41 and exchange rate charged 0.38
6.44
7.097.09
57,499.9035.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
37,500.0023.12
4.18
Percentage difference between market reference rate 0.41 and exchange rate charged 0.39
4.18
8.818.81
71,449.1044.05
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
126,516.0078.00
10.49
Percentage difference between market reference rate 0.41 and exchange rate charged 0.37
10.49
26.0926.09
211,589.90130.45
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
72,990.0045.00
17.47
Percentage difference between market reference rate 0.41 and exchange rate charged 0.34
17.47
26.4726.47
214,671.70132.35
Total Average Second Quarter
12.7712.77
Total Average First Quarter
14.3814.38
Total Average
Fee
49,175.6730.32
Exchange Rate Margin (%)
6.706.70
Total Cost Percent (%)
12.7712.77
Total Cost (TZS) Total Cost (USD)
103,551.1863.84
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet