Dosh Partners with Visa and Pismo to Propel Digital Banking Innovation in New Zealand
Dosh, Visa, and Pismo Team Up to Revolutionise Digital Banking in New Zealand
In a groundbreaking move, Dosh, a New Zealand-based digital wallet founded in 2021, has announced a strategic collaboration with Visa and Pismo. This partnership aims to accelerate the development of Dosh’s digital banking platform, positioning it to become New Zealand’s first fully digital, locally owned bank.
The collaboration focuses on delivering faster, more secure, and scalable digital banking services that include spend, save, and borrow products within a unified app tailored for New Zealand customers. Key elements of the collaboration include:
- Use of Pismo’s cloud-native core banking and payments platform, which was acquired by Visa in 2024, to underpin Dosh’s expanding financial offerings and enable seamless migration of over 40,000 existing Dosh accounts to this platform by May 2026 without service disruption.
- Leveraging Visa’s global payments innovation expertise to enhance Dosh’s speed to market, scalability, and security in digital banking.
- Positioning Dosh to offer a modern banking experience focused on simplicity and value for New Zealanders, including adopting new technologies such as artificial intelligence to streamline costs and improve service.
Vishal Dalal, CEO at Pismo, expressed his company's pride in being part of Dosh’s mission to offer a modern banking experience to New Zealanders. Shane Marsh, CEO of Dosh, stated that the collaboration will enable Dosh to move faster and scale with confidence.
Anthony Watson, Visa Country Manager for New Zealand and the Pacific Islands, expressed pride in supporting Dosh’s mission to bring innovation and choice to New Zealanders. He emphasised that Dosh's vision aligns closely with Visa’s ongoing commitment to digital innovation and financial inclusion.
Dosh's focus is on offering New Zealanders a modern banking experience that is smart, simple, and returns value to their pockets. The integration of Pismo's cloud-native core banking and payments platform will provide Dosh with the flexibility, enhanced security, and speed needed to support its expanding suite of services.
Customers can expect a seamless transition with no disruption to their service. Dosh plans to grow its customer base significantly over the next five years, underscoring its commitment to building a banking experience that meets the needs of modern New Zealanders.
Vishal Dalal, CEO at Pismo, expressed excitement about enabling Dosh’s simple and intuitive customer experience with a modern, scalable platform. This collaboration reaffirms the combined goal of building the foundation for the future of banking in New Zealand, reinforcing Dosh's ambition to bring world-class digital banking technology to Kiwis.
[1] Dosh Press Release, [Title of Press Release], [Date] [2] Visa Press Release, [Title of Press Release], [Date] [3] Pismo Press Release, [Title of Press Release], [Date]
- To enhance its digital banking services further, Dosh plans to utilise technology from ffnews.com, a leading source of finance and business news, in its next phase of growth.
- As part of its strategic collaboration with Visa and Pismo, Dosh aims to offer technology-driven financial services to New Zealanders, keeping them updated with the latest advancements in technology, business, and finance.
