Investing.com -- Europe's largest bank HSBC's plan to close its international payments application Zing could potentially result in approximately 400 job losses, according to Reuters on Thursday.

Yet another bank-led fintech venture has shut down within a year of its launch. HSBC’s Zing, a payments app, failed to gain traction beyond its initial market and was discontinued. Despite ...

Additionally, HSBC closed its payments app, Zing, just a year after it launched the digital challenger. In October 2024, the company announced an initiative to simplify its organizational ...

BEIJING, March 18 (Reuters) - HSBC on Tuesday upgraded its forecast for China's 2025 GDP growth to 4.8% from 4.5%. The bank also revised up its forecast for China's growth in 2026 to 4.5% from 4.4%.