British financial app Revolut has launched in New Zealand. Customers in the country can now use the app to access foreign currency exchange, peer-to-peer payments, bill splitting and the ability to send and spend in more than 200 currencies, Revolut said in a Monday (July...
British FinTech startup Revolut is looking at Asia to continue its rapid growth. Revolut has 25 million customers — primarily in Europe — and aims to quadruple that number in three years, Bloomberg reported Tuesday (Nov. 29). To help it reach that target, it’s looking to the Asia-Pacific...
New Zealand is joining countries around the world in embracing opening banking, saying Thursday (Nov. 10) the sector will be the first to adopt its consumer data rights framework. “Open banking ensures banks must share customer information if they request it, making it easier for...
New Zealand has joined a growing list of nations creating regulations to protect consumers taking part in the country’s $1.7 billion buy now, pay later (BNPL) sector. The country’s Minister of Commerce and Consumer Affairs David Clark announced Wednesday (Nov. 2) that the government thinks...
October 25, 2019
New Zealand is a country that can be easy to overlook when it comes to FinTech. But the story of how payments are evolving there can offer lessons for the rest of the globe, along with glimpses of how the relevant technology might play out in the 2020s. And that’s why PYMNTS recently caught up […]
February 12, 2024
The head of New Zealand’s central bank is not a fan of stablecoins. Reserve Bank of New Zealand Governor Adrian Orr voiced concerns about the digital currencies during a parliamentary committee meeting Monday (Feb. 12), calling them “the biggest misnomers,” “oxymorons” and not a replacement for fiat money. “Stablecoins are not stable,” said Orr, whose comments were […]
July 03, 2023
British financial app Revolut has launched in New Zealand. Customers in the country can now use the app to access foreign currency exchange, peer-to-peer payments, bill splitting and the ability...
November 29, 2022
British FinTech startup Revolut is looking at Asia to continue its rapid growth. Revolut has 25 million customers — primarily in Europe — and aims to quadruple that number in three...
November 10, 2022
New Zealand is joining countries around the world in embracing opening banking, saying Thursday (Nov. 10) the sector will be the first to adopt its consumer data rights framework. “Open...
