Claire Matthews: Massey University Banking Expert sceptical on Revolut starting up in New Zealand - Heather du Plessis-Allan Drive

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.

LISTEN ABOVE.

See omnystudio.com/listener for privacy information.