The firm launched in New Zealand in July last year, processing NZ$350 million in transactions.
The company offers cryptocurrency trading, a service not provided by any New Zealand bank.
Revolut, the British fintech firm, has applied for banking
registration with the Reserve Bank of New Zealand. This step aims to enable the
company to offer additional products and services, such as interest-bearing
savings accounts and more credit and debt options.
Revolut Processes NZ$350 Million Transactions
Revolut's NZ Head Georgia Grange, Source: LinkedIn
Revolut launched in New Zealand in July 2023, providing an 'All-in-one'
app that combines payment, card, and money management services. The company
reports processing transactions worth approximately NZ$350 million and
introducing 18 new products since its launch.
“Receiving a banking license will allow Revolut to become
the first global digital bank in New Zealand and will drive much needed
competition across the industry. We look forward to working with the Reserve
Bank of New Zealand on our application," Revolut's NZ Head Georgia Grange
said.
Financial Services Registration in New Zealand
Currently, Revolut is registered on the Ministry of
Business, Innovation & Employment's Financial Service Providers' Register,
allowing it to offer services such as currency exchange, payment processing,
and foreign exchange trading.
It is also supervised by the Department of Internal Affairs
for compliance with anti-money laundering regulations. Notably, Revolut also
offers cryptocurrency trading, a service not provided by any other New Zealand
bank.
"Underserved for decades, Kiwis have had to put up with
a lack of innovation, core functionality and high fees. Revolut is here to
change that. We don’t limit our thinking to traditional banking products and
are committed to enhancing the hauora (well-being) of Kiwis and providing them
with innovative solutions to manage their money,” Grange added.
Diego Caicedo, Head of Revolut in Colombia, mentioned that
the company expects the roll-out to take less than two years. In a
pre-announcement interview, he noted that the company is currently working with
the Colombian regulator and plans to launch its services online in Colombia
within the next year.
Revolut, the British fintech firm, has applied for banking
registration with the Reserve Bank of New Zealand. This step aims to enable the
company to offer additional products and services, such as interest-bearing
savings accounts and more credit and debt options.
Revolut Processes NZ$350 Million Transactions
Revolut's NZ Head Georgia Grange, Source: LinkedIn
Revolut launched in New Zealand in July 2023, providing an 'All-in-one'
app that combines payment, card, and money management services. The company
reports processing transactions worth approximately NZ$350 million and
introducing 18 new products since its launch.
“Receiving a banking license will allow Revolut to become
the first global digital bank in New Zealand and will drive much needed
competition across the industry. We look forward to working with the Reserve
Bank of New Zealand on our application," Revolut's NZ Head Georgia Grange
said.
Financial Services Registration in New Zealand
Currently, Revolut is registered on the Ministry of
Business, Innovation & Employment's Financial Service Providers' Register,
allowing it to offer services such as currency exchange, payment processing,
and foreign exchange trading.
It is also supervised by the Department of Internal Affairs
for compliance with anti-money laundering regulations. Notably, Revolut also
offers cryptocurrency trading, a service not provided by any other New Zealand
bank.
"Underserved for decades, Kiwis have had to put up with
a lack of innovation, core functionality and high fees. Revolut is here to
change that. We don’t limit our thinking to traditional banking products and
are committed to enhancing the hauora (well-being) of Kiwis and providing them
with innovative solutions to manage their money,” Grange added.
Diego Caicedo, Head of Revolut in Colombia, mentioned that
the company expects the roll-out to take less than two years. In a
pre-announcement interview, he noted that the company is currently working with
the Colombian regulator and plans to launch its services online in Colombia
within the next year.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
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👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
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Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
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Watch the full video to see if Hola Prime Markets fits your trading needs.
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In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
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We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
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▶️ YouTube: /@financemagnates_official
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Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
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Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
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Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
