4 days ago · Launched in January 2024, Zing was an attempt by HSBC to enter the fintech market, and was positioned as a rival to companies such as Revolut and Monzo. People did not need to be an HSBC customer to use the app. Zing became popular due to its low fees and the ability for users to hold money in several different currencies.

Jan 23, 2025 · HSBC shuts payments app Zing a year after launch. Subscribe to unlock this article. Limited time offer Save 40% on Standard Digital. was $540 now $319 for your first year Make up your own mind ...

Jan 29, 2025 · HSBC's investment in its Zing app had been decreasing under new leadership, with management viewing further development as not worth the capital investment, the source told Reuters. In 2022, HSBC invested $35 million in Monese , a U.K. fintech, and used the platform’s tech stack to build Zing, according to the Financial Times .

HSBC launched Zing to make international money easier and help more people live their best international lives. We strive to evolve the way people manage their international money needs, making it easier and more rewarding. Zing was created within the HSBC Group but acts as an independent fintech. Do you need to bank with HSBC to use Zing?

Zing, the international payments app launched by HSBC just last year, is set to close down in the bank’s latest fintech flop, Financial News can reveal.

Exactly 12 months after launch, HSBC has pulled the plug on Zing. In the process, HSBC has burnt through an estimated $150m in its failed attempt to challenge fintech giants like Wise and Revolut ...

Oct 23, 2024 · Zing offers fee-free spending in currencies that you hold in your wallet as well as one fee-free cash withdrawal abroad per month, after which you'll need to pay the flat £2 fee. Summary. Zing is a brand new international payments app that has lots of potential.

Jan 4, 2024 · HSBC has launched a new product called Zing focused on international transfers to better compete with fintech companies like Wise (formerly TransferWise) and Revolut.

Mar 14, 2024 · Zing is a brand-new app for sending and spending money abroad. It represents HSBC’s endeavour to compete with the likes of Wise and Revolut in the hugely valuable market of international payments. As a brand new entrant to the market, it’s yet to be seen how Zing will fare against the big guns.

Jan 13, 2024 · For January jetsetters a HSBC-backed global currency conversion app has launched where you can spend, send and convert money. The Zing app and debit card can hold up to 10 currencies and can be used in more than 200 countries. You can also send money internationally across more than 30 currencies.