Shrap: Aims to replace coins with chargecard and app
- Shrap – Change for the better #4everyone #Change4thebetter USE CASH, WITHOUT THE CHANGE Pay and be paid in cash
- A new change card and app designed to replace coins by start-up started real life trials
- With a significant reduction in cash use – particularly during the Coronavirus pandemic – the cost of maintaining the infrastructure to sort
- Aims to make cash more efficient and convenient by removing the need for coins
- Customers can store their change on the card – or mobile app – and make small payments to shops
- It is regulated by the FCA and makes money by earning interest on the cash it holds
