Mark White-Robinson

It's really powerful to understand the impact of what you're doing.

Because I think when we were going through our beta and talking to our original beta customers, what was really powerful for them is they'd see these 50 cent transactions coming out and on a little notification we can pop up.

You bought a coffee for $4.50, 50 cents is rounded up.

That will grow into like $4 by the time you retire.

And people were like, that just paid for my coffee then.

It's a really powerful thing.

So then we've got the chart.

It's a little bit more conservative than the FMA calculation, actually, because we're basing it on expenditure and our income.

So our hope is that you kind of get that widening gap between your income and expenditure as your income grows.

Um, but yeah, it's essentially that same formula and yeah, five and a half percent on the aggressive funds, four and a half on growth and things like that.

But yeah, it's, um, we do it on the median contribution you're doing.

So, which is about $2.60 for average use or just about a thousand bucks a year.

Yeah, so we charge half percent of the transaction.

So we're kind of comparing it to paywave.

So it's that kind of convenient service fee kind of equivalent is how we've kind of based at the moment.

We know it's a barrier to some people and we do want to lower that over time.

So we're working on it.

As we grow and as we get scale, then that's one of the things that we're going to look at and lower that.

We're also trying to lower it through entering into partnerships with some of the financial institutions.

We launched one with Medical Insurance Society, MAZ, just over a month ago, and so they fund VGR for their customers.