The Bank of Tokyo-Mitsubishi (MUFG) has made its own digital currency. Currently only used for internal transactions, it's being considered for public release, which would make MUFG the first major bank to issue virtual money – a milestone in the creation of a truly cashless society.

For a generation of young Australians, traditional banking models are losing their lustre, and the financial sector is getting a digital shakedown. Whether you need a loan to buy livestock or help through medical school, peer-to-peer lender SocietyOne is offering a different solution.

Visiting your local bank branch feels like a very outdated way of dealing with your money. Bank of Queensland is ditching the teller lines and glass-windowed counters for a look that’s more akin to a coffee shop. Can this initiative help the bank build stronger relationships with its customers?

A cashless society might well be more convenient and secure, but what about mums and dads who need to pay their kids for doing the dishes, tidying their rooms, or mowing the lawn? Clever Kash is a cashless money box from New Zealand bank ASB that can be topped up with a single in-app swipe.