Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from UNITED STATES to NIGERIA

Data collected on: Jul 25, 2018
Payment instrument
Access point
Sending network coverage
Receiving method
Transfast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.96
1.96
1.961.96
3.923.92
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.764.76
0.56
0.56
2.942.94
5.885.88
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.994.99
1.06
1.06
3.553.55
7.107.10
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.005.00
1.31
1.31
3.813.81
7.627.62
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.005.00
1.31
1.31
3.813.81
7.627.62
Walmart2World
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.008.00
0.00
0.00
4.004.00
8.008.00
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
7.007.00
0.56
0.56
4.064.06
8.128.12
Sigue Money Transfers
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.009.00
0.00
0.00
4.504.50
9.009.00
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.999.99
1.11
1.11
6.106.10
12.2012.20
MoneyGram
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.9910.99
1.03
1.03
6.526.52
13.0413.04
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.0011.00
1.31
1.31
6.816.81
13.6213.62
Transfast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
4.76
4.76
7.267.26
14.5214.52
MoneyGram
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
14.9914.99
1.03
1.03
8.528.52
17.0417.04
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
15.0015.00
1.31
1.31
8.818.81
17.6217.62
Total Average Third Quarter
5.195.19
Total Average Second Quarter
5.905.90
Total Average
Fee
7.917.91
Exchange Rate Margin (%)
1.241.24
Total Cost Percent (%)
5.195.19
Total Cost (USD) Total Cost (USD)
10.3810.38
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Walmart2World
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.008.00
0.00
0.00
1.601.60
8.008.00
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
7.007.00
0.56
0.56
1.961.96
9.809.80
Transfast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.96
1.96
1.961.96
9.809.80
Sigue Money Transfers
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10.0010.00
0.00
0.00
2.002.00
10.0010.00
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
7.447.44
0.56
0.56
2.052.05
10.2510.25
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.005.00
1.31
1.31
2.312.31
11.5511.55
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.005.00
1.31
1.31
2.312.31
11.5511.55
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
9.999.99
1.06
1.06
3.053.05
15.2515.25
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.999.99
1.11
1.11
3.113.11
15.5515.55
MoneyGram
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.9912.99
1.03
1.03
3.633.63
18.1518.15
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
13.0013.00
1.31
1.31
3.913.91
19.5519.55
Transfast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
4.76
4.76
5.765.76
28.8028.80
MoneyGram
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
25.9925.99
1.03
1.03
6.236.23
31.1531.15
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
26.0026.00
1.31
1.31
6.516.51
32.5532.55
Total Average Third Quarter
3.313.31
Total Average Second Quarter
4.064.06
Total Average
Fee
10.3910.39
Exchange Rate Margin (%)
1.241.24
Total Cost Percent (%)
3.313.31
Total Cost (USD) Total Cost (USD)
16.5716.57
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 3-5 days
Bank account Cash