Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to ZAMBIA

Data collected on: Nov 21, 2023-Dec 12, 2023
ZAR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
35.355.16
Exchange rate margin (%)
1.54
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.54
Total cost (%)
4.124.12
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
56.448.24
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
35.355.16
Exchange rate margin (%)
1.54
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.54
Total cost (%)
4.124.12
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
56.448.24
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
35.355.16
Exchange rate margin (%)
1.54
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.54
Total cost (%)
4.124.12
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
56.448.24
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.60
Exchange rate margin (%)
0.09
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.09
Total cost (%)
7.397.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
101.2414.78
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
100.0014.60
Exchange rate margin (%)
0.21
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.21
Total cost (%)
7.517.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
102.8915.02
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.60
Exchange rate margin (%)
0.21
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.21
Total cost (%)
7.517.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
102.8915.02
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
50.007.30
Exchange rate margin (%)
4.17
Percentage difference between market reference rate 1.26 and exchange rate charged 1.204.17
Total cost (%)
7.827.82
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
107.1315.64
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
50.007.30
Exchange rate margin (%)
4.17
Percentage difference between market reference rate 1.26 and exchange rate charged 1.204.17
Total cost (%)
7.827.82
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
107.1315.64
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
68.5010.00
Exchange rate margin (%)
4.43
Percentage difference between market reference rate 1.26 and exchange rate charged 1.204.43
Total cost (%)
9.439.43
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
129.1918.86
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
66.009.64
Exchange rate margin (%)
4.95
Percentage difference between market reference rate 1.27 and exchange rate charged 1.204.95
Total cost (%)
9.779.77
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
133.8519.54
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
-0.02
Percentage difference between market reference rate 1.26 and exchange rate charged 1.26-0.02
Total cost (%)
9.989.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
136.7319.96
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.04
Percentage difference between market reference rate 1.25 and exchange rate charged 1.250.04
Total cost (%)
10.0410.04
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
137.5520.08
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.04
Percentage difference between market reference rate 1.25 and exchange rate charged 1.250.04
Total cost (%)
10.0410.04
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
137.5520.08
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.05
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.05
Total cost (%)
10.0510.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
137.6920.10
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.06
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.06
Total cost (%)
10.0610.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
137.8220.12
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.06
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.06
Total cost (%)
10.0610.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
137.8220.12
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.72
Percentage difference between market reference rate 1.25 and exchange rate charged 1.240.72
Total cost (%)
10.7210.72
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
146.8621.44
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.72
Percentage difference between market reference rate 1.25 and exchange rate charged 1.240.72
Total cost (%)
10.7210.72
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
146.8621.44
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.83
Percentage difference between market reference rate 1.29 and exchange rate charged 1.280.83
Total cost (%)
10.8310.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
148.3721.66
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.83
Percentage difference between market reference rate 1.29 and exchange rate charged 1.280.83
Total cost (%)
10.8310.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
148.3721.66
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
130.0018.98
Exchange rate margin (%)
1.46
Percentage difference between market reference rate 1.27 and exchange rate charged 1.251.46
Total cost (%)
10.9510.95
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
150.0221.90
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
1.87
Percentage difference between market reference rate 1.29 and exchange rate charged 1.271.87
Total cost (%)
11.8711.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
162.6223.74
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
1.87
Percentage difference between market reference rate 1.29 and exchange rate charged 1.271.87
Total cost (%)
11.8711.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
162.6223.74
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
190.5827.82
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.80
Total cost (%)
15.7115.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
215.2331.42
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
190.5827.82
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.80
Total cost (%)
15.7115.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
215.2331.42
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
215.0931.40
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
16.5016.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
226.0533.00
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
215.0931.40
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
16.5016.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
226.0533.00
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
215.0931.40
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
16.5016.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
226.0533.00
Firm
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
220.9032.25
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.24
Total cost (%)
17.3617.36
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
237.8334.72
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
230.0033.58
Exchange rate margin (%)
1.47
Percentage difference between market reference rate 1.27 and exchange rate charged 1.251.47
Total cost (%)
18.2618.26
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
250.1636.52
Firm
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
221.4632.33
Exchange rate margin (%)
2.91
Percentage difference between market reference rate 1.28 and exchange rate charged 1.252.91
Total cost (%)
19.0719.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
261.2638.14
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
230.0033.58
Exchange rate margin (%)
2.72
Percentage difference between market reference rate 1.25 and exchange rate charged 1.212.72
Total cost (%)
19.5119.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
267.2939.02
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
280.0040.88
Exchange rate margin (%)
1.26
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.26
Total cost (%)
21.7021.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
297.2943.40
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
259.0037.81
Exchange rate margin (%)
4.23
Percentage difference between market reference rate 1.26 and exchange rate charged 1.204.23
Total cost (%)
23.1423.14
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
317.0246.28
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
341.9049.91
Exchange rate margin (%)
3.94
Percentage difference between market reference rate 1.27 and exchange rate charged 1.223.94
Total cost (%)
28.9028.90
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
395.9357.80
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
390.0056.93
Exchange rate margin (%)
2.11
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.11
Total cost (%)
30.5830.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
418.9561.16
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
435.0063.50
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 1.26 and exchange rate charged 1.251.01
Total cost (%)
32.7632.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
448.8165.52
Total Average Fourth Quarter 2023
13.5113.51
Total Average Third Quarter 2023
13.5413.54
Total Average
Fee
163.4923.87
Exchange Rate Margin (%)
1.571.57
Total Cost Percent (%)
13.5113.51
Total Cost (ZAR) Total Cost (USD)
185.0727.02
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
35.355.18
Exchange rate margin (%)
1.54
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.54
Total cost (%)
2.582.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
87.9812.90
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
35.355.18
Exchange rate margin (%)
1.54
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.54
Total cost (%)
2.582.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
87.9812.90
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
35.355.18
Exchange rate margin (%)
1.54
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.54
Total cost (%)
2.582.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
87.9812.90
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
0.09
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.09
Total cost (%)
3.023.02
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
102.9815.10
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
0.21
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.21
Total cost (%)
3.143.14
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
107.0715.70
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
0.21
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.21
Total cost (%)
3.143.14
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
107.0715.70
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
50.007.33
Exchange rate margin (%)
4.17
Percentage difference between market reference rate 1.26 and exchange rate charged 1.204.17
Total cost (%)
5.645.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
192.3228.20
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
50.007.33
Exchange rate margin (%)
4.17
Percentage difference between market reference rate 1.26 and exchange rate charged 1.204.17
Total cost (%)
5.645.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
192.3228.20
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
150.0021.99
Exchange rate margin (%)
1.46
Percentage difference between market reference rate 1.27 and exchange rate charged 1.251.46
Total cost (%)
5.865.86
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.8329.30
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
250.0036.66
Exchange rate margin (%)
1.47
Percentage difference between market reference rate 1.27 and exchange rate charged 1.251.47
Total cost (%)
8.808.80
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
300.0844.00
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
247.7536.33
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.80
Total cost (%)
9.079.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
309.2945.35
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
247.7536.33
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.80
Total cost (%)
9.079.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
309.2945.35
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
170.5025.00
Exchange rate margin (%)
4.43
Percentage difference between market reference rate 1.26 and exchange rate charged 1.204.43
Total cost (%)
9.439.43
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
321.5647.15
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
280.0041.06
Exchange rate margin (%)
1.26
Percentage difference between market reference rate 1.26 and exchange rate charged 1.241.26
Total cost (%)
9.479.47
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
322.9347.35
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
301.1344.15
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
9.639.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
328.3848.15
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
301.1344.15
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
9.639.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
328.3848.15
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
301.1344.15
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.80
Total cost (%)
9.639.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
328.3848.15
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
163.0023.90
Exchange rate margin (%)
4.95
Percentage difference between market reference rate 1.27 and exchange rate charged 1.204.95
Total cost (%)
9.739.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
331.7948.65
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
-0.02
Percentage difference between market reference rate 1.26 and exchange rate charged 1.26-0.02
Total cost (%)
9.989.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
340.3249.90
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.04
Percentage difference between market reference rate 1.25 and exchange rate charged 1.250.04
Total cost (%)
10.0410.04
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
342.3650.20
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.04
Percentage difference between market reference rate 1.25 and exchange rate charged 1.250.04
Total cost (%)
10.0410.04
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
342.3650.20
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.05
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.05
Total cost (%)
10.0510.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
342.7150.25
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
250.0036.66
Exchange rate margin (%)
2.72
Percentage difference between market reference rate 1.25 and exchange rate charged 1.212.72
Total cost (%)
10.0510.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
342.7150.25
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.06
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.06
Total cost (%)
10.0610.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
343.0550.30
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.06
Percentage difference between market reference rate 1.26 and exchange rate charged 1.260.06
Total cost (%)
10.0610.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
343.0550.30
Firm
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
309.2645.35
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.24
Total cost (%)
10.3110.31
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
351.5751.55
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.72
Percentage difference between market reference rate 1.25 and exchange rate charged 1.240.72
Total cost (%)
10.7210.72
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
365.5553.60
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.72
Percentage difference between market reference rate 1.25 and exchange rate charged 1.240.72
Total cost (%)
10.7210.72
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
365.5553.60
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.83
Percentage difference between market reference rate 1.29 and exchange rate charged 1.280.83
Total cost (%)
10.8310.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
369.3054.15
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.83
Percentage difference between market reference rate 1.29 and exchange rate charged 1.280.83
Total cost (%)
10.8310.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
369.3054.15
Firm
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
287.8942.21
Exchange rate margin (%)
2.91
Percentage difference between market reference rate 1.28 and exchange rate charged 1.252.91
Total cost (%)
11.3511.35
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
387.0456.75
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
259.0037.98
Exchange rate margin (%)
4.23
Percentage difference between market reference rate 1.26 and exchange rate charged 1.204.23
Total cost (%)
11.8311.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
403.4059.15
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
1.87
Percentage difference between market reference rate 1.29 and exchange rate charged 1.271.87
Total cost (%)
11.8711.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
404.7759.35
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
1.87
Percentage difference between market reference rate 1.29 and exchange rate charged 1.271.87
Total cost (%)
11.8711.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
404.7759.35
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
390.0057.18
Exchange rate margin (%)
2.11
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.11
Total cost (%)
13.5513.55
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
462.0667.75
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
435.0063.78
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 1.26 and exchange rate charged 1.251.01
Total cost (%)
13.7713.77
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
469.5668.85
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
346.5050.81
Exchange rate margin (%)
3.94
Percentage difference between market reference rate 1.27 and exchange rate charged 1.223.94
Total cost (%)
14.1014.10
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
480.8170.50
Total Average Fourth Quarter 2023
8.948.94
Total Average Third Quarter 2023
9.309.30
Total Average
Fee
251.0336.81
Exchange Rate Margin (%)
1.571.57
Total Cost Percent (%)
8.948.94
Total Cost (ZAR) Total Cost (USD)
304.7544.69
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