SEND MONEY AFRICA

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Sending money from KENYA to RWANDA

Data collected on: Jun 27, 2018

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Firm
Product
Fee
Exchange Rate Margin (%)
Total Cost Percent (%)
Total Cost (KES)Total Cost (USD)
Amount Received
Transfer Speedsort descending
Network Coverage
Firm
MoneyGram
Product
Fee
346.50
Exchange Rate Margin (%)
3.65
3.65
Total Cost Percent (%)
5.585.58
Total Cost (KES)Total Cost (USD)
1,004.40
Amount Received
145,072.93
Transfer Speedsort descending
Network Coverage
Firm
Western Union
Product
Fee
1,320.00
Exchange Rate Margin (%)
2.06
2.06
Total Cost Percent (%)
9.399.39
Total Cost (KES)Total Cost (USD)
1,690.20
Amount Received
185.03
Transfer Speedsort descending
Network Coverage
Firm
Ecobank
Product
Fee
2,700.00
Exchange Rate Margin (%)
1.25
1.25
Total Cost Percent (%)
16.2516.25
Total Cost (KES)Total Cost (USD)
2,925.00
Amount Received
169.62
Transfer Speedsort descending
Network Coverage
Firm
Xpress Money
Product
Fee
400.00
Exchange Rate Margin (%)
17.25
17.25
Total Cost Percent (%)
19.4719.47
Total Cost (KES)Total Cost (USD)
3,504.60
Amount Received
124,225.20
Transfer Speedsort descending
Network Coverage
Firm
This firm is not transparent: an exchange rate is not provided until the transfer is being made. 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 known by the sender at the time of sending. ·
M-Pesa
Product
Fee
100.00
Exchange Rate Margin (%)
0.00
0.00
Total Cost Percent (%)
0.560.56
Total Cost (KES)Total Cost (USD)
100.80
Amount Received
198.89
Transfer Speedsort descending
Network Coverage
Bank Average
Fee
2,700.000.00
Exchange Rate Margin (%)
1.251.25
Total Cost Percent (%)
16.2516.25
Total Cost (KES) Total Cost (USD)
2,925.000.00
Total Average Jun 2018
10.2510.25
Total Average Mar 2018
10.6310.63
Money Transfer Operator Average
Fee
541.630.00
Exchange Rate Margin (%)
5.745.74
Total Cost Percent (%)
8.758.75
Total Cost (KES) Total Cost (USD)
1,575.000.00
Total Average
Fee
973.300.00
Exchange Rate Margin (%)
4.844.84
Total Cost Percent (%)
10.2510.25
Total Cost (KES) Total Cost (USD)
1,845.000.00
Total Average in Mar 2018
Fee
973.300.00
Exchange Rate Margin (%)
5.225.22
Total Cost Percent (%)
10.6310.63
Total Cost (KES) Total Cost (USD)
1,913.760.00
Total Average Jun 2018
10.2510.25
Total Average Mar 2018
10.6310.63
Non-Transparent records
Bank account Card Cash Mobile On-line Prepaid card
Main city Major cities Nationwide Rural only Urban only
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Firm
Product
Fee
Exchange Rate Margin (%)
Total Cost Percent (%)
Total Cost (KES)Total Cost (USD)
Amount Received
Transfer Speedsort descending
Network Coverage
Firm
MoneyGram
Product
Fee
866.25
Exchange Rate Margin (%)
3.65
3.65
Total Cost Percent (%)
5.585.58
Total Cost (KES)Total Cost (USD)
2,511.00
Amount Received
362,682.33
Transfer Speedsort descending
Network Coverage
Firm
Western Union
Product
Fee
2,640.00
Exchange Rate Margin (%)
2.06
2.06
Total Cost Percent (%)
7.937.93
Total Cost (KES)Total Cost (USD)
3,568.50
Amount Received
470.06
Transfer Speedsort descending
Network Coverage
Firm
Ecobank
Product
Fee
2,700.00
Exchange Rate Margin (%)
1.25
1.25
Total Cost Percent (%)
7.257.25
Total Cost (KES)Total Cost (USD)
3,262.50
Amount Received
469.62
Transfer Speedsort descending
Network Coverage
Firm
Xpress Money
Product
Fee
600.00
Exchange Rate Margin (%)
17.25
17.25
Total Cost Percent (%)
18.5818.58
Total Cost (KES)Total Cost (USD)
8,361.00
Amount Received
313,386.30
Transfer Speedsort descending
Network Coverage
Firm
This firm is not transparent: an exchange rate is not provided until the transfer is being made. 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 known by the sender at the time of sending. ·
M-Pesa
Product
Fee
110.00
Exchange Rate Margin (%)
0.00
0.00
Total Cost Percent (%)
0.240.24
Total Cost (KES)Total Cost (USD)
108.00
Amount Received
498.78
Transfer Speedsort descending
Network Coverage
Bank Average
Fee
2,700.000.00
Exchange Rate Margin (%)
1.251.25
Total Cost Percent (%)
7.257.25
Total Cost (KES) Total Cost (USD)
3,262.500.00
Total Average Jun 2018
7.927.92
Total Average Mar 2018
8.308.30
Money Transfer Operator Average
Fee
1,054.060.00
Exchange Rate Margin (%)
5.745.74
Total Cost Percent (%)
8.088.08
Total Cost (KES) Total Cost (USD)
3,637.130.00
Total Average
Fee
1,383.250.00
Exchange Rate Margin (%)
4.844.84
Total Cost Percent (%)
7.927.92
Total Cost (KES) Total Cost (USD)
3,562.200.00
Total Average in Mar 2018
Fee
1,383.250.00
Exchange Rate Margin (%)
5.225.22
Total Cost Percent (%)
8.308.30
Total Cost (KES) Total Cost (USD)
3,733.200.00
Total Average Jun 2018
7.927.92
Total Average Mar 2018
8.308.30
Non-Transparent records
Bank account Card Cash Mobile On-line Prepaid card
Main city Major cities Nationwide Rural only Urban only
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
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