What it costs to pay into Africa, by bank and by stablecoin.

14 of 14 corridors have a reference rate today, and 0 have a route measured end to end: a business payment near the size shown that landed. Only measured figures are shown: payments that landed and live market reads, each labelled with what it leaves unknown. No published price or estimate is shown, and a missing leg is never counted as zero; where nothing is measured the cell reads "Being measured". Providers who send a quote get it measured on the same basis, free.

Open-market reads this hour: 30 of 42 priced; not priced: NAD: no exchange book or pool for this currency (6), BWP: no exchange book or pool for this currency (6).

Who may carry it is changing.

• Cost is the gap between what lands and what the same amount would land at an independent reference rate (central-bank and market rates), fees included, at the payment size shown.
• Only measured figures are shown: payments that landed, and live open-market reads. Published prices and estimates are not shown. Where nothing is measured, the cell reads "Being measured".
• Measured end to end: only a business payment near the size shown that landed, so every deduction on the way is netted. A payment measured for another customer or size is shown with that basis, never as the price of the row.
• Banks and FX or payment platforms are separate columns; an FX platform is never counted as a bank. A provider is a bank only where a source says so: the provider's own pages on our business-rails register, or the comparison feed's label. A feed label we doubt keeps the provider out of the bank column until a regulator's register settles it.
• A leg nothing on record measures is listed as unknown, never counted as zero: the receiving bank's fee and, for bank wires, intermediary deductions; for stablecoins, buying the stablecoin and, on the open market, the withdrawal and the payout.
• Stablecoin figures start from a stablecoin already held (USDC or USDT) and end in the local currency. A business paying from a bank account also pays to buy the stablecoin first (an on-ramp), which is not included in either stablecoin column.
• Stablecoin provider, lowest: a landed payment through a stablecoin payout provider, when one is on record. Buying the stablecoin first (the on-ramp) is not included.
• USDC on the open market: measured now on exchange order books and on-chain pools at the payment size. The figure shown first is the cost of the size itself, against the best price on the same books at the same moment, so it holds no market movement. The gap to the daily reference fixing is shown apart: it mixes the spread with whatever the market did since the fixing, so it is not a provider cost and not a saving. A euro row reads at its dollar equivalent and still needs euros turned into USDC (the on-ramp). It is the conversion only: the payout to a local bank account is not included.
• Timing (method 2026-10-v2): references are central-bank fixings, resolved to the day (the publishers state a date, not a time). A reference up to 3 days old counts as current (weekends), up to 14 days is lower confidence and said so, older does not price the corridor. A measured figure more than 7 days old at the build date is marked stale. Each figure states what it was measured against: a landed payment against the fixing for its value date, an open-market read against the live book.
• Sizes are in the row's own currency: USD 5k, 50k and 250k, and EUR 5k, 50k and 250k. Until 16 Oct 2026 a euro row was the dollar size converted (about EUR 4.4k, 44k and 220k).
• Route types are compared, never named providers. SwapEazi takes no fee or commission from any provider.
• Not yet covered: fees charged by the receiving bank. They are unknown, not zero, so no figure here is a verified end-to-end cost unless it rests on payments that landed.