With such a wide selection, it can be difficult to compare services and identify one which is best for you. To help the diaspora compare RSPs and make more informed decisions, organizations and companies have developed remittance price comparison databases. A key objective of these databases is to address transparency issues which affect remittance markets and contribute to high transfer costs. The rationale is that consumers continue to use traditional RSPs because they are not aware of and experience difficulty comparing different services and products. Price comparison databases are available online and compare RSPs on a number of parameters such as fees, payment instruments, 29 access points, 30 sending network coverage, transfer speeds, 31 receiving methods, 32 disbursing network coverage, and exchange rate margins. These comparison tools use different models and may differ on: corridor coverage, frequency with which they are updated, price information (some only include transfer fees without providing information on exchange rate margins), and data collection methods

 

Remittance Service Providers

Source IOM Kenya