Meet Grace
Grace has just opened a digital cash account with her bank.
Opening an account is quick and easy – Grace uses her phone to take a photo of herself, which she uploads to verify her identity.
With her new digital cash account, Grace can:
- use internet banking to transfer money
- give her employer her new digital cash account number, so she can get paid in digital cash
- use a smart ATM to deposit cash directly into her new digital cash account.
Meet Levi
Levi wants to be able to use his digital cash to pay for things instantly.
Levi orders himself and his friend Grace a coffee at his local café. He uses digital cash to pay by tapping his phone. By paying with digital cash, Levi won’t get charged any extra fees.
Levi also wants to be able to receive digital cash payments anywhere, anytime. By tapping their phones together, Grace can pay Levi back for the coffee he bought her earlier this morning. Grace’s money is sent to Levi instantly and securely.
Meet Maya
Like most of us, Maya wants to have more control over how she manages her money.
Using her digital cash banking app, Maya can see exactly where she is spending her money. Maya wants to cut down on the number of coffees she buys so she can save for a new car. The app adds up how much Maya has spent buying coffees in a month and lets her compare how this has changed over time.
This helps Maya manage her spending without having to spend time adding her expenses manually.