Mama Money alternative that swaps USDT both ways
Unigox is a Mama Money alternative for USDT bought through your bank account and sold back to it, including USDT earned elsewhere, when both directions are open. To send money home or pay in cash, stay with Mama Money.
When to stay with Mama Money
Your family is paid in cash or to a wallet
Mama Money pays the person you send to by cash pickup, wallet or bank account, for a fee of up to 5% of the transfer. On Unigox, the buyer of your USDT pays the rand into your own bank account.
You load rand in cash at a till
The Main Wallet takes cash at Pep, Pick n Pay, Shoprite, Checkers and other shops, R100 to R3,000 a load for a fee that varies by shop, and that balance pays for Save in USD and Stablecoin Buy. Unigox trades are paid between bank accounts.
You pay a stablecoin address in one step
Stablecoin Buy pays USDT, USDC or EURC from your rand wallet straight to an address you saved, confirmed with an OTP and final once sent. On Unigox you buy first, then send USDT out from your wallet as a second step.
Mama Money and Unigox for rand and stablecoins
| Topic | Mama Money | Unigox |
|---|---|---|
| What it is | A South African remittance app with a rand wallet, a card account from Bank Zero, Save in USD for holding USDC, and Stablecoin Buy for paying stablecoins out. | A marketplace where a P2P merchant or a payment business fills each swap between stablecoins and local money, rand included. |
| Rand into stablecoins | Save in USD converts Main Wallet rand into USDC kept in the app. Stablecoin Buy sends USDT, USDC or EURC to an outside address on TRON, Solana or Ethereum: from R100, up to R50,000 a day and R100,000 a month. | Pay rand from your bank account to the merchant or payment business selling; the USDT is released to you from the trade's escrow. |
| Stablecoins back into rand | Only Save in USD balances: Withdraw turns them into rand in the Main Wallet. The help centre covers stablecoins going out, not coming in from another wallet. | Send USDT in from another wallet or exchange and sell it; the buyer pays the rand into your bank account. |
| Paying in rand | Cash at a shop till, R100 to R3,000 a load, for a fee that varies by shop, or a direct bank transfer into the Main Wallet. | A bank payment to the seller, made inside each trade. |
| Fees | Money sent home: up to 5% of the amount. Stablecoins: no fee table; Save in USD converts at the daily rate shown in the app. | Inside the rate shown for your amount before you confirm. |
| Signing up | A South African cellphone number and address, a selfie and one ID: passport, foreign ID, SA ID, or asylum or refugee papers. Sending starts capped at R25,000 a month. A 3-month bank statement lifts it to R100,000; passport holders add a work permit and proof of address. | An identity check comes before your first trade, whatever its size. |
| Regulation | Mama Money (Pty) Ltd is authorised by the SARB as a category four authorised dealer in foreign exchange. USD savings run through Mama Crypto Value Services (Pty) Ltd, an authorised financial service provider (FSP 54238). | Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxSwitch from Mama Money in three steps
Get verified
Create a Unigox account and pass the identity check, which applies from the first rand you trade.
Buy USDT from your bank
When buying is open, enter the rand amount, accept the rate with the fee inside, and pay the merchant or payment business from your bank account.
Sell it back for rand
Sell USDT from your Unigox Wallet, or send it in from another wallet first. The buyer pays the rand into your bank account.
Mama Money alternatives: questions
What are the Mama Money fees, and what does Unigox charge?
Mama Money charges up to 5% on money sent home and shows the exact fee in its app and rate calculator. It publishes no separate fee for Save in USD or Stablecoin Buy. Unigox puts its fee inside the rate it shows for your amount, before you confirm.
Can the Mama Money app sell USDT you earned elsewhere?
Mama Money describes no way to do it: only USDC bought through Save in USD goes back to rand, into the Main Wallet, and its stablecoin articles cover sending coins to an address, not receiving them. USDT earned elsewhere is sold on a platform such as Unigox, where the buyer pays your bank account.
Can Stablecoin Buy send USDT to my Unigox Wallet?
Yes. Save your Unigox deposit address in Stablecoin Buy and pick TRON, Solana or Ethereum; Unigox takes deposits on each of them. Choose the same network on both sides: Mama Money says a payment to a wrong address or network is lost for good.
Price a rand and USDT swap
Open the Save in USD rate in the Mama Money app and the Unigox rate for your amount on the same day; the Unigox one has its fee inside.
Mama Money and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.