Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From TZTanzania you can also send money to

Sending money from TANZANIA to RWANDA

Data collected on: Jul 25, 2018
TZS | USD
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8,260.005.09
2.95
2.95
5.505.50
17,847.5011.00
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
4,500.002.77
7.63
7.63
9.019.01
29,237.4518.02
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
12,980.008.00
16.63
16.63
20.6320.63
66,944.3541.26
NMB (National Microfinance Bank)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
111,350.0068.63
-12.07
-12.07
22.2422.24
72,168.8044.48
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
40,000.0024.65
10.59
10.59
22.9122.91
74,342.9545.82
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
40,000.0024.65
10.59
10.59
22.9122.91
74,342.9545.82
National Bank of Commerce Ltd (NBC)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
111,350.0068.63
7.63
7.63
41.9441.94
136,095.3083.88
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.
Tigo
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
1,500.000.92
0.00
0.00
0.460.46
1,492.700.92
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.
Stanbic Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
111,350.0068.63
0.00
0.00
34.3134.31
111,335.9568.62
Total Average Third Quarter
19.9919.99
Total Average Second Quarter
15.9315.93
Total Average
Fee
49,032.2230.22
Exchange Rate Margin (%)
4.884.88
Total Cost Percent (%)
19.9919.99
Total Cost (TZS) Total Cost (USD)
64,867.5539.98
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
NMB (National Microfinance Bank)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
111,350.0068.65
-12.07
-12.07
1.661.66
13,462.608.30
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
23,600.0014.55
2.95
2.95
5.865.86
47,524.6029.30
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
13,500.008.32
7.63
7.63
9.299.29
75,341.9046.45
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
40,000.0024.66
10.59
10.59
15.5215.52
125,867.2077.60
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
40,000.0024.66
10.59
10.59
15.5215.52
125,867.2077.60
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
23,600.0014.55
16.63
16.63
19.5419.54
158,469.4097.70
National Bank of Commerce Ltd (NBC)
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
111,350.0068.65
7.63
7.63
21.3621.36
173,229.60106.80
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.
Tigo
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
3,200.001.97
0.00
0.00
0.390.39
3,162.901.95
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.
Stanbic Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
111,350.0068.65
0.00
0.00
13.7313.73
111,350.3068.65
Total Average Third Quarter
11.4311.43
Total Average Second Quarter
9.669.66
Total Average
Fee
53,105.5632.74
Exchange Rate Margin (%)
4.884.88
Total Cost Percent (%)
11.4311.43
Total Cost (TZS) Total Cost (USD)
92,697.3057.15
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