Revolut becomes New Zealand's first digital bank with NZD$120 million investment

Revolut says it is now officially a bank in New Zealand, making it the country's first digital bank. The company describes the move as solidifying its plans for the APAC region and for New Zealand specifically. The announcement is backed by a NZD$120 million local investment over the next five years, which Revolut says is dedicated to setting a new standard in banking for its New Zealand customers. The company notes it is not a bank in all countries where it operates, directing users to its website for local entity information.

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