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Kiwi-owned company launches instant payment app

Tuesday 12 October 2021 13:56 CET | News

New Zealand has launched its first digital wallet, Dosh, which allows Kiwis to pay each other instantly using a smartphone app.

Available on Apple and Android, Dosh is easy, safe, and free to download for anyone over age 13 with a New Zealand Passport or Drivers Licence.

Dosh allows users to instantly pay or be paid for transactions under USD 500. Users can upload up to USD 1000 onto their dosh wallet, pay and receive cash instantly, and transfer it back to their bank account whenever they like. A 1% fee is charged when money is returned to the user’s bank account.

Dosh works with all the major banks including BNZ, ASB, Westpac, ANZ and Kiwibank, and is a registered Financial Services provider, overseen by the Department of Internal Affairs.

Dosh also appeals to small business owners, especially those on the go such as food delivery, tradespeople and stallholders.

 


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Keywords: digital wallet, banks, money transfer
Categories: Payments & Commerce | Mobile Payments
Countries: Australia
This article is part of category

Payments & Commerce