Industry challenger Dosh applies to become a bank

James McEniery and Shane Marsh co-founded Dosh in 2020 to bring digital wallets to NZ. (Image: Dosh)

Wed, 10 Jul 2024

Banking in New Zealand may be given a long-overdue shake-up with Dosh's application to become a bank.Dosh is the trading name of MCA Investments, founded in 2020 to bring digital wallets to New Zealanders.It has since rolled out a range of financial products through the brand and has plans to add home loans to its product roster soon.Co-founder and chief executive Shane Marsh told BusinessDesk that if the application is successful, Dosh will be fully digital, a key to improving competition in the NZ banking industry.“We've seen fr...

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