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Revolut Wins New Zealand Bank License, Plans NZ$120 Million Investment

The British digital bank plans to invest over five years to develop banking services for New Zealand users. The license makes it the country’s first digital bank.

A silver fern rests beside a sculpted glass smartphone / TokenPost.ai
A silver fern rests beside a sculpted glass smartphone / TokenPost.ai

Revolut plans to invest NZ$120 million in New Zealand over five years after receiving a banking license that makes it the country’s first digital bank.

The British company said the investment will support development of banking services for New Zealand users.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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