New Zealand-based digital wallet Dosh has launched the Stashes offering to help Kiwis manage their money more effectively.
This customisable sub-account feature allows users to allocate funds for everyday expenses such as utility bills, groceries, rent, and budget for upcoming one-off events. The product launch comes in the context of an increase in customer demand for simple tools that can help with money management. In addition, this money management initiative aims to help New Zealanders tackle the rising cost of living. In essence, Stashes allows users to separate the funds stored in their Dosh wallets for different purposes.
Some of the most noteworthy features of the Stashes offering include a complete transaction history that offers improved visibility for users, as well as the ability to consolidate multiple financial tools into one app with features such as Split Bills and Request to Pay. When it comes to customisation, users have the ability to create up to 20 sub-accounts and personalise them with colours and emojis.
Stashes is aimed at all Dosh users within the Dosh mobile app, which is available on both the Apple and Google app stores. All money held in Dosh Everyday accounts and Stash accounts is backed up by BNZ, which is a service partner.