UNC is a digital credit used inside the UniCash and UniPay closed-loop platform. You purchase UNC and use it to make payments at UniPay merchants and to send UNC to other UniCash users. Amounts are shown in UNC; the app also shows the AUD equivalent, since 1 UNC = 1 AUD.

In plain terms: UNC is like a store credit that works across any business that accepts UniPay. Once you purchase UNC, you can spend it anywhere in the UniCash ecosystem.

What UNC is used for

Once you have UNC in your account, you can:

What UNC is not

Understanding the boundaries of UNC is important:

Note: The AUD equivalent shown in the app (e.g., "A$10.00") matches your UNC exactly — 1 UNC always equals 1 AUD, so there's no exchange rate to track.

How UNC works in practice

Here's a typical flow:

  1. You create a UniCash account and complete identity verification
  2. You purchase UNC using PayID — the UNC is added to your account balance
  3. At a UniPay merchant, you open the app and tap or scan to pay
  4. The merchant receives the UNC into their UniPay balance instantly
  5. The merchant can then request a payout to their bank account through UniPay

Limits on your UniCash balance

Your UniCash account has the following limits in place:

These limits apply to topping up only. Spending and transfers between users do not count toward your top-up limits.

Who operates UniCash?

UniCash and the UNC digital credit are operated by Viera Digital Platforms Pty Ltd (ACN 698 942 817). UniCash operates under ASIC's Non-cash Payment Facilities instrument, which permits the platform to operate as a closed-loop digital credit system.