Claire Matthews: Massey University Banking Expert sceptical on Revolut starting up in New Zealand

Open banking firm ‘Revolut’ has applied to become a registered bank in New Zealand.

Revolut already offers a “one stop-shop" money management app here with payment, card and money management services.

It says with a banking license it could further offer things like credit cards, consumer loans and mortgages.

Massey University Banking Expert Claire Matthews joins the show.

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