Canadian FinTech start-up ChangeJar, Inc., today launched ChangeJar Mobile, the first mobile app that lets users receive or pay with change from everyday transactions using their smartphones. Just launched at select Ottawa-area cafes and merchants, ChangeJar Mobile supports and improves – instead of replaces – cash transactions by making them simpler, faster and more convenient.

The value of coins that were previously lugged around, left to rattle in cars or languish in household containers instead is instantly credited to the ChangeJar Mobile app on the user's phone. Instead of rummaging through pockets or purses users can make purchases or tip for service using their ChangeJar Mobile balance. Users also can do instant person-to-person (P2P) transfers to divvy up bills and handle other common personal cash exchanges. ChangeJar Mobile is free for users and merchants pay no transaction fees.

Ottawa merchants including launch partner Ministry of Coffee use ChangeJar Mobile to help reduce transaction costs, improve the flow of customers and attract tech-savvy mobile users. Other ChangeJar merchants include Morning Owl Coffeehouse on Elgin St., Maker House, Meat Press, La Favorita, Peloso Cleaners, The Rex andWandee Thai. ChangeJar will expand availability in Ottawa, and then to cities across Canada starting later this year.

The free ChangeJar Mobile app is available on the Apple App and Google Play Stores. Merchants can easily add the ChangeJar Merchant app to their existing iPad-based point-of-sale terminals. Merchant locations can be viewed online at www.changejar.com/locations/.

"ChangeJar Mobile is a great fit with our focus on providing customers with the best combination of quality and convenience," said Alex Dhavernas, co-owner of Ministry of Coffee on Elgin St. "It's incredibly easy to use and enhances the whole customer experience by eliminating the hassle of fumbling with coins and bills. Customers and staff alike also appreciate the fast and easy tipping feature. It's a retail tech innovation that provides immediate benefits and just works."

"ChangeJar takes advantage of the benefits of using cash for everyday purchases without the downsides of dealing with fistfuls of coins," said Tom Camps, ChangeJar founder and CEO. "By capturing the value of change on your mobile phone, ChangeJar is making cash easier and faster for everyday retail and P2P payments. Consumers get the convenience of electronic payments and merchants get a great tool for attracting and rewarding customers all without transaction fees."