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Review: Shoprite international money transfers

Flexible transfer options and fee-free transfers to 100+ countries around the world.

  • Good for multiple transfer types and no transfer fees.
  • Not so great for large transfers.

Shoprite exchange rates and fees

Shoprite Financial Services doesn’t charge any fees on most international transfers. However, that doesn’t mean you can send your transaction for free.

You’ll also need to consider the margin Shoprite adds to the mid-market exchange rate before transferring your funds. Calculate the difference between the current mid-market rate and the rate Shoprite quotes for your transaction to work out the size of the margin and how much it will cost you.

It’s also worth noting that you can send a cash transfer to any Shoprite store in Lesotho, but this will attract a small flat fee.

Available currencies

Shoprite offers international transfers to more than 100 countries around the world. Supported currencies include:

  • GHS Ghanaian cedi
  • KES Kenyan shilling
  • MWK Malawian kwacha
  • NGN Nigerian naira
  • USD US dollar

What types of transfers can you make with Shoprite?

Shoprite supports three types of international transfers:

  • Bank transfers. The first option is to send funds directly to your recipient’s overseas bank account via a wire transfer. This is a secure transfer method, but also slower than the other available options.
  • Cash pickup transfers. If you need to send a quick transfer, you may be able to send funds that can be made available at a cash collection point in your recipient’s country. Check with Shoprite to find out whether there are cash pickup locations available where you want to send money.
  • Mobile money transfers. You also have the option of sending funds directly to your recipient’s mobile wallet.

However, please note that the available transfer methods vary depending on where you are sending money.

How long does a transfer with Shoprite take?

Transfer processing times vary depending on the transfer method you choose and where you are sending money.

While Shoprite does not outline expected transfer times on its website, you can expect bank account transfers to take longer than cash pickup and mobile money transfers.

What payment methods does Shoprite accept?

Shoprite accepts the following payment methods for international transfers:

  • Cash deposit (available at Shoprite, Checkers, Standard Bank and ABSA branches)
  • Electronic funds transfer

Transfers typically takeClock icon for transfer speed

1 day

Is Shoprite safe to use?

  • Security and regulation: Government regulated.
  • Established: 1979.
  • International presence: 15 countries.
*According to Shoprite on 25 February 2020.

Shoprite Financial Services is licensed as a money transfer operator by the South African Reserve Bank. Under the Financial Intelligence Centre Act (FICA), it requires customers to provide proof of ID before they can create an account and send any money overseas. Shoprite is run by Shoprite Holdings, which operates close to 3,000 outlets across 15 countries.

How does Shoprite make money?

Shoprite makes money from the exchange rate margin. This is the difference between the rate Shoprite offers you for your money transfer, and the mid-market exchange rate. The mid-market rate is the “real” exchange rate you see listed on financial news reports and is also known as the interbank rate.

How to register an account

You can create an account with Shoprite by completing the following simple steps.

How do I make an international money transfer with Shoprite?

You can send money overseas with Shoprite by completing the following steps:

  1. Log in to your Shoprite Money Transfers account.
  2. Choose the type of transfer you want to send.
  3. Enter your recipient’s details, including their name and contact information. If relevant, you’ll also need to provide their bank account details.
  4. Enter the amount you want to send.
  5. Review the details of your transaction before finalising payment and submitting your transfer request.

What is Shoprite?

Shoprite is the largest food retailer in Africa. First established in 1979, it now operates almost 3,000 stores across 15 countries in Africa and the Indian Ocean islands.

In addition to groceries, Shoprite also offers a range of Money Market Services to its customers, including bill payments, mobile airtime top-ups and international transfers.

The Shoprite Group of Companies is headquartered in Cape Town.

In a nutshell


  • Fee-free transfers. Shoprite doesn’t charge transaction fees on the vast majority of transfers. However, please note that transactions aren’t free — an exchange rate margin still applies.
  • Transfer methods. Depending on your destination, you can choose from wire, cash pickup or mobile money transfers.
  • 100+ transfer destinations. Shoprite also allows you to send funds to more than 100 countries around the world.


  • Exchange rate margin. Make sure you compare the exchange rate that will apply to your transaction with the mid-market rate so you know exactly how much your transfer will cost.
  • Large transfers not available. Transfer limits apply to each transaction, so you’ll need to consider other options if you want to send a large amount of money overseas.

How does Shoprite compare to other services?

For more details on how Shoprite’s transfer costs and times compare to those of other money transfer services, enter the details of your transaction into the table below.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Within an hour GHS 2.50 2.403 ZAR
Use promo code FREE to send your first transfer with no fee. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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