Mukuru review
3.8Est. 2004
Mukuru is a leading remittance provider for Southern and East Africa. Offers cash pickup, mobile money, and grocery voucher delivery options.
Countries
15+
Currencies
10+
Speed
Minutes to 1 day
Fees
Varies by corridor and delivery method
Mukuru overview
Founded in 2004 and based in Johannesburg, South Africa, Mukuru is a digital remittance app. Mukuru's regulators: SARB (South Africa), FCA.
Across the 8 corridors we track for Mukuru, its median rate sits 2.98% from mid-market — compare that with the 1% - 3% above mid-market it publishes.
Pros
- Dominant in Southern Africa corridors
- Unique delivery options (grocery vouchers)
- Widely trusted in African communities
Cons
- Limited to Africa-focused corridors
- Exchange rates not always the most competitive
- Less digital-first than newer competitors
Mukuru features
Grocery vouchers
Cash pickup network
USSD/feature phone access
Mukuru transfer details
HeadquartersJohannesburg, South Africa
RegulatedYes
RegulatorsSARB (South Africa), FCA
Min Transfer$5
Max Transfer$10,000
Payment MethodsBank Transfer, Debit Card, Cash
Delivery MethodsCash Pickup, Mobile Money, Bank Deposit, Grocery Voucher
Exchange Rate Markup1% - 3% above mid-market
Published by Mukuru. Not measured by us; Mukuru’s limits and methods vary by country.
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