The Next Web2 Nov 2026Ana-Maria Stanciuc

New Zealand’s central bank registers Revolut as the country’s 27th bank

Revolut has been registered as a bank in New Zealand, clearing the way for the fintech to expand its financial services in the country.

The Reserve Bank of New Zealand announced the approval on Tuesday, local time, making Revolut Bank New Zealand the country’s 27th registered bank.

The London-based company has operated in New Zealand since July 2023. When it applied for registration in late 2024, it said approval would make it the first global digital bank in the country. It plans to introduce interest-paying savings accounts and a broader range of credit products.

“The Reserve Bank recognises the value that credible new entrants can bring,” said Scott McKinnon, the central bank’s director of specialist supervision.

He added…

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New Zealand’s central bank registers Revolut as the country’s 27th bank

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