Unicorn Currencies
...
🇦🇪→🇿🇦

Send Money from United Arab Emirates to South Africa

Businesses in United Arab Emirates paying South Africa suppliers for Mining. Send AED from United Arab Emirates, receive ZAR in South Africa with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local AED collection + local ZAR delivery = no correspondent bank fees

Save £3,030 per £100k Payment

United Arab Emirates to South Africa corridor savings

Traditional Bank
£3,535
  • ❌ 2-3 day settlement
  • ❌ Multiple correspondent banks
  • ❌ Hidden FX margins
  • ❌ High SWIFT fees
Unicorn Currencies
£505
  • ✓ T+0 (2.3s avg within Unicorn network)
  • ✓ Local AED collection
  • ✓ Transparent 0.5% spread
  • ✓ SAMOS (South African Multiple Option Settlement)
Your Savings
86%
£3,030 per £100k
At £300k-£3M monthly, save £7,583/year

Sending from United Arab Emirates: What You Need to Know

AED Origin Specifics

  • AED pegged to USD (3.67 fixed rate)
  • Corporate Tax 9% (effective 2023)
  • Free Zone invoice requirements

Your Local Advantages

  • Local AED account available
  • UAEFTS (UAE Funds Transfer System) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
UAEFTS (UAE Funds Transfer System)
Same-day • UAE domestic instant transfers. All local banks connected.

Paying Suppliers in South Africa: Compliance & Requirements

Regulatory Considerations

  • South African Reserve Bank (SARB) foreign exchange controls
  • Financial Intelligence Centre Act (FICA) compliance
  • VAT (15%) documentation required
  • Exchange Control Regulations for amounts >R1M

Payment Best Practices

  • Use RTC for instant settlement vs SWIFT delays
  • ZAR volatility - lock rates when favorable
  • South Africa = Gateway to Southern African market
  • Wine/commodity exports require specific documentation
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via SAMOS (South African Multiple Option Settlement)

United Arab Emirates → South Africa Corridor Insights

Popular Industries

  • Mining
  • Commodity Trading
  • Wine & Agriculture

Peak Trading Hours

GST (GMT+4) to GMT time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Send AED from United Arab Emirates to South Africa?

Save 86% on every payment with t+0 (2.3s avg within unicorn network). Local AED collection available.

Open AccountView South Africa Details

Bank of Canada registered PSP | FINTRAC licensed MSB