New Zealand’s Central Bank Registers Revolut as Country’s 27th Bank
The fintech plans interest-paying savings accounts and broader credit products after becoming New Zealand’s 27th registered bank, the Reserve Bank said.
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New Zealand’s central bank registers Revolut as country’s 27th bank
Nov 3 (Reuters) – New Zealand’s central bank said on Tuesday it had registered Revolut Bank New Zealand, allowing the company to provide banking services in the country. Here are more details: • Revolut Bank New Zealand is part of the Revolut group, whose ultimate parent is London-headquartered fintech Revolut Group Holdings • The company has operated in New Zealand as a financial services provider since July 2023, and the license makes i…
New Zealand’s central bank registers Revolut as the country’s 27th bank
Revolut has been registered as a bank in New Zealand, clearing the way for the fintech to expand its financial services in the country. The Reserve Bank of New Zealand announced the approval on Tuesday, local time, making Revolut Bank New Zealand the country’s 27th registered bank. The London-based company has operated in New Zealand […] This story continues at The Next Web
Revolution was registered as New Zealand’s number 27 bank, an authorization that allows it to expand its plans in the country with paid savings accounts and more credit products. The decision opens up a new possibility of competition in a market dominated by four large Australian banking groups.
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