Dosh, New Zealand’s first locally owned digital wallet and a future contender in the banking sector, has announced a major collaboration with Visa and Pismo to drive the next stage of its growth.
The partnership marks a significant milestone for the Auckland-based firm as it positions itself to become the country’s first fully digital, locally owned bank.
Since its launch in 2021, Dosh has built a reputation as a challenger in New Zealand’s financial services market. The new collaboration will see the company integrate technology from Visa and Pismo to improve its platform, offering faster, more secure and scalable services for everyday customers.
Dosh CEO Shane Marsh said, “Working with Visa and Pismo allows us to move faster and scale with confidence. As we step into this exciting next chapter, our focus is on offering New Zealanders a modern banking experience that’s smart, simple, and puts value back in their pockets. This collaboration is a key step in that journey.”
The Pismo core banking and payments platform, which Visa acquired in 2024, will be central to the transition.
The cloud-native system will give Dosh the flexibility, security and speed required to support a wider range of services across spending, saving and borrowing. Dosh aims to migrate its more than 40,000 accounts to the Pismo platform by May 2026, assuring customers the transition will be smooth and without service disruption.
Visa country manager for New Zealand and the Pacific Islands Anthony Watson said, “We want Kiwi fintechs to thrive, so we’re proud to support Dosh in their mission to bring more innovation and choice to New Zealanders. Their vision aligns closely with Visa’s ongoing commitment to digital innovation and financial inclusion
Pismo CEO Vishal Dalal said, “Dosh is known for delivering a simple and intuitive customer experience. We’re excited to help enable that with a modern, scalable platform powering it behind the scenes. We’re also proud to welcome Dosh as our first client in New Zealand.”
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