Alternative payment technologies and innovations are freely allowed within this framework, and users are allowed to choose freely amongst the competing technologies. At this stage, there is no intention that the Reserve Bank should itself issue stored value cards, or provide other forms of electronic money to the public.
However, the possibility that this might happen at some point in the future cannot be completely ruled out. If electronic developments proceed to the point where payment using currency becomes inefficient and costly, then it could prove to be necessary to convert our paper and metal currency issue into electronic form.