HoneyCoin alternative for mobile money payouts with your fee
Nairobi-based HoneyCoin pays out from wallet balances, converting where needed, and suits payroll and cards. If you hold USDT or USDC and want your fee in each quote, a HoneyCoin alternative pays verified customers from your partner wallet.
When to stay with HoneyCoin
You send payroll batches or pay Paybill and Till numbers
HoneyCoin runs hundreds of payouts in one batch for payroll and pays M-Pesa Paybill and Till numbers in Kenya. A payout needs the recipient's name, number and, where asked, an operator or bank code. A Unigox order is always placed for a customer who has passed an identity check with Unigox.
You keep part of your float in local currency
HoneyCoin holds fiat and stablecoin balances side by side, takes top-ups by local bank transfer, mobile money or incoming stablecoin. It opens named virtual accounts in KES, USD, GHS and other currencies with sub-accounts. The Payments API keeps your side of every order in USDT or USDC.
Your team needs cards
HoneyCoin issues virtual cards to staff with spending limits and lists card payments among its collection methods where available. Unigox collections arrive by bank transfer or mobile money only, and the Payments API comes with no cards.
How HoneyCoin and Unigox fund, price and confirm a payout
| Topic | HoneyCoin | Unigox |
|---|---|---|
| Built for | Finance and product teams: multi-currency wallets, collections, payouts, virtual accounts, cards and an OTC desk, from a dashboard or a REST API. | Apps that hold USDT or USDC and move local money to and from their own verified customers. |
| Funding a payout | Your HoneyCoin balance in the payout currency, or another wallet currency such as USD, converted at HoneyCoin's rate. Its off-ramp also takes USDC or USDT at a one-time deposit address on six EVM chains. | USDT or USDC in your partner wallet. Each order's transfer into on-chain escrow is signed by your server. A funded payout that stops waits in escrow until your server signs its refund. |
| Where the money lands | Mobile money, bank accounts, and M-Pesa Paybill and Till in Kenya, from one endpoint. Mobile money typically arrives in 1 to 5 minutes, bank transfers in 1 to 24 hours. | Your customer's own mobile money or bank account, paid by a P2P merchant or a payment business connected to Unigox. A quote can be limited to payment businesses where they serve the route. |
| Pricing | Fees are set per account, by currency, method, country and amount band. HoneyCoin's published pricing file gives typical FX and cross-border fees of 0.5% to 1% for KES, UGX, TZS and RWF, 1% to 2% for GHS and 0.8% to 1.5% for ZAR. | Every quote lists the rate, the Unigox fee for that currency and method, your own percentage and the total. Your share reaches the partner wallet when the order completes. |
| Webhooks | The secret you set in the dashboard comes back unchanged in an X-Webhook-Signature header. A failed delivery is retried up to 3 times, after 5, 15 and 45 seconds. | Each delivery carries an HMAC-SHA256 signature, and a failed delivery is tried up to 10 times in all, over several days. |
| Integration | A REST API with a Bearer token generated from a public key and an API key. A sandbox with mocked rails and test webhooks. SDKs for Node, Python and Ruby. | An X-API-Key header on every call. After KYB your developers get api-staging.unigox.com with production's endpoints, a Postman collection and signing examples in Python, JavaScript and C#. |
| Regulation | HoneyCoin, Inc. calls HoneyCoin for Business a financial services aggregator, not a bank; payment services and custody come from financial institutions and banking partners that hold licences. | 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. |
UnigoxMove a HoneyCoin payout flow to Unigox
Name your HoneyCoin payout routes
Tell the Unigox team which countries and payment methods you pay out in, then send your company documents for KYB. Your HoneyCoin KYB does not carry over; API keys follow approval.
Rebuild one payout as a quote and an order
A HoneyCoin payout that debits your wallet becomes a quote, an order for a verified customer and a USDT or USDC transfer your server signs. Build it, with the identity check, on api-staging.unigox.com.
Go live and keep payroll on HoneyCoin
Send USDT or USDC to your partner wallet and point production calls at api.unigox.com. Payroll batches, Paybill and Till payouts and cards can stay with HoneyCoin.
Questions about HoneyCoin alternatives
What is HoneyCoin, and when is Unigox the better fit?
HoneyCoin gives businesses multi-currency wallets, collections, payouts, virtual accounts, cards and an OTC desk in African markets. Unigox is the better fit for one part of that: payouts to and collections from your own verified customers. It suits a USDT or USDC balance, with your fee inside each quote.
See the Payments APIWho competes with HoneyCoin on stablecoin payouts?
Bitnob and Kotani Pay also pay mobile money and bank accounts in African countries and work with stablecoins. Unigox covers a narrower job than either: payouts to and collections from your own verified customers, settled in USDT or USDC, with your fee in each quote.
Read the Bitnob comparisonIs HoneyCoin a bank?
No. Its site footer calls HoneyCoin for Business, a product of HoneyCoin, Inc., a financial services aggregator. Payment services and custody come from financial institutions and banking partners that hold licences.
Can a company use HoneyCoin and Unigox together?
Yes. Keep HoneyCoin for payroll batches, cards and a local-currency float, and route customer payouts and collections that settle in USDT or USDC through Unigox. The two use separate API keys and separate balances, and Unigox runs its own KYB of your company.
Check one HoneyCoin payout route on Unigox
Name the country, the payment method and the monthly volume of a route you use HoneyCoin for, and whether you hold USDT or USDC. We reply with what the Payments API offers on that route.
HoneyCoin 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.