The teams that developed the Jaab believe that future generations won't even know what cash is. Jaab replaces classic pocket change with a simple and secure device, adapted to the way young people use technology, and to their need to learn and become more independent.
The Jaab can also be configured to only work in a specific area (city, neighbourhood), or at a pre-selected list of shops. New entities, like cities, towns, and chain stores may therefore soon join the project.
When the child buys something at the bakery using contactless payment, for example, the parent will receive a notification with the amount, location, and time of the purchase. Children won't have to ask their parents for pocket money any more, and parents can monitor their children's spending habits!
A dozen families have been testing out the Jaab since June 2016. Feedback from these users helped to define the scope of the product's features and to plan for future custom features that will be added to the base service over time. Both children and their parents like the Jaab device.
Other options are also currently under development. The Jaab might even become a tool for accessing public services (transportation, school cafeteria, cultural spaces, etc.)! It may also be adapted for other populations that don't want to bother with case (young people going out on the town, people who use connected devices but are out of cash, disabled persons, dependant seniors, etc.).