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...
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...
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 […]
June 12, 2024
New Zealand is reportedly examining competition in the banking sector. As Reuters reported Wednesday (June 12), the decision to investigate the industry follows a draft report earlier this year which found that New Zealand’s four main banks offered limited competition in the personal banking space. “Promoting robust competition in the banking sector is vital to rebuilding the […]
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...
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...
