✉news BusinessBanking first seen 4 d ago, last 3 d ago, peak #12
Revolut registered as New Zealand's 27th bank
Original: New Zealand's central bank registers Revolut as country's 27th bank
The Reserve Bank of New Zealand has formally registered Revolut as the country's 27th bank. The move gives the global fintech company full banking status in New Zealand, letting it operate under the same regulatory framework as established lenders. It marks another step in Revolut's international expansion as it seeks banking licences in multiple markets, and observers see it as a sign of fintech firms gaining acceptance from traditional regulators.
Why now: Revolut securing full banking registration in New Zealand is a notable milestone for a major fintech expanding globally.
RevolutReserve Bank of New Zealand
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