Dosh applies to become a registered Bank in New Zealand

It’s been a milestone week in the Dosh Journey as Dosh is applying to become a registered Bank in New Zealand.

Why?

Our motivation in taking this step is we believe New Zealand consumers deserve competitive banking services which meets their needs. If our application is successful, Dosh will be New Zealand’s first locally owned, digital-only bank.

Our digital-only service enables us to achieve new efficiencies for banking consumers, creating a downward pressure on financial product pricing and enabling a more convenient user experience.

Built on the latest technology, Dosh is also well placed to bring the benefits of emerging technology, such as AI, to consumers.

We strive to bring Kiwis the world’s best digital solutions to maximise their financial wellbeing, and to enable a step-change in financial services for future generations.

We look forward to working with the Reserve Bank of New Zealand on our application.

What does this mean for Dosh customers?

Dosh customers can expect us to continue to bring innovative financial products to the Dosh app and digital experience. We look forward to bringing you along for the journey.

Dosh is the app that helps you spend, save, and borrow. Because life is for living, not banking. Download Dosh from your favourite app store now.