Remittance Prices Worldwide

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Sending money from TANZANIA to RWANDA

Data collected on: Apr 25, 2017
TZS | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Tigo
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
1,000.000.62
0.97
0.97
1.281.28
4,153.602.56
UBA Africash
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Low
10,850.006.69
1.15
1.15
4.494.49
14,570.058.98
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
17,500.0010.79
1.39
1.39
6.796.79
22,033.5513.58
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
17,650.0010.88
1.39
1.39
6.836.83
22,163.3513.66
Tanzania Postal Corporation
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Low
24,000.0014.79
1.28
1.28
8.688.68
28,166.6017.36
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
32,450.0020.00
0.75
0.75
10.7510.75
34,883.7521.50
Barclays
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
56,787.5035.00
1.33
1.33
18.8318.83
61,103.3537.66
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
64,900.0040.00
0.75
0.75
20.7520.75
67,333.7541.50
NBC (National Bank of Commerce Ltd)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
81,125.0050.00
1.39
1.39
26.3926.39
85,635.5552.78
NMB (National Microfinance Bank)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
81,125.0050.00
1.41
1.41
26.4126.41
85,700.4552.82
Stanbic Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
89,237.5055.00
0.88
0.88
28.3828.38
92,093.1056.76
Cooperative Rural Development Bank (CRDB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
90,860.0056.00
1.41
1.41
29.4129.41
95,435.4558.82
Total Average Second Quarter
15.7515.75
Total Average First Quarter
15.8415.84
Total Average
Fee
47,290.4229.15
Exchange Rate Margin (%)
1.181.18
Total Cost Percent (%)
15.7515.75
Total Cost (TZS) Total Cost (USD)
51,106.0531.50
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Bank account (same/partner bank) Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Tigo
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
3,000.001.85
0.97
0.97
1.341.34
10,867.406.70
UBA Africash
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Low
18,160.0011.20
1.15
1.15
3.393.39
27,492.9016.95
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
32,440.0020.00
0.75
0.75
4.754.75
38,522.5023.75
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
29,760.0018.35
1.39
1.39
5.065.06
41,036.6025.30
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
37,500.0023.12
1.39
1.39
6.026.02
48,822.2030.10
Tanzania Postal Corporation
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Low
48,000.0029.59
1.28
1.28
7.207.20
58,392.0036.00
Barclays
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
56,770.0035.00
1.33
1.33
8.338.33
67,556.3041.65
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
64,880.0040.00
0.75
0.75
8.758.75
70,962.5043.75
NBC (National Bank of Commerce Ltd)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
81,100.0050.00
1.39
1.39
11.3911.39
92,372.9056.95
NMB (National Microfinance Bank)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
81,100.0050.00
1.41
1.41
11.4111.41
92,535.1057.05
Stanbic Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
89,210.0055.00
0.88
0.88
11.8811.88
96,346.8059.40
Cooperative Rural Development Bank (CRDB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
Medium
90,832.0056.00
1.41
1.41
12.6112.61
102,267.1063.05
Total Average Second Quarter
7.687.68
Total Average First Quarter
7.767.76
Total Average
Fee
52,729.3332.51
Exchange Rate Margin (%)
1.181.18
Total Cost Percent (%)
7.687.68
Total Cost (TZS) Total Cost (USD)
62,264.5338.39
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Bank account (same/partner bank) Cash Mobile wallet