Dosh has applied to become a registered Bank in New Zealand.

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

Their digital-only service enables them 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.

They 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 and look forward to working with the Reserve Bank of New Zealand on their application.

What does this mean for Dosh customers?

Dosh customers can expect them to continue to bring innovative financial products to the Dosh app and digital experience and they look forward to bringing their customers along for the journey.