Shane Marsh: Dosh co-founder on the company's bid to become New Zealand's first digital-only bank - Heather du Plessis-Allan Drive

Award-winning finance app Dosh has launched a bid to become New Zealand's first locally-owned digital-only bank.

The company has initiated an application to become a registered bank in New Zealand, with the goal of reducing costs for customers by cutting out physical branches.

Dosh co-founder Shane Marsh says more and more users have switched over to using digital-only banking.

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