"HSBC’s Zing shutdown a $150m innovation misstep, says GlobalData" was originally created and published by Electronic Payments International, a GlobalData owned brand.

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.

HSBC has announced plans to shut down its international money app, Zing, just a year after it launched in the UK.. Zing, which aimed to simplify international banking for UK residents, offered a ...

Zing was rolled out in January 2024 for HSBC and non-HSBC customers in the U.K., with plans to expand to other countries and in a bid to capture a share of the international money transfer market.

HSBC's decision to shutter international payments app Zing is likely to trigger around 400 job losses, a source familiar with the matter said, as CEO Georges Elhedery steps up cost-cutting efforts ...

HSBC closed its Zing app just a year after its launch, as traditional banks battle to keep up with the innovation and flexibility of fintech startups. Major universal bank HSBC has recently announced ...

The closure of Zing, HSBC's international payments app launched just last year, is both disappointing and unsurprising.In an era where Wise and Revolut continue to disrupt traditional banking ...

Visa and HSBC's partnership supports Zing app, enabling transactions in 30+ currencies across 200+ countries via a unified platform. Currencycloud and Tink's solutions accelerate Zing's rollout ...

HSBC has announced it is shutting down its global payments app Zing, putting hundreds of jobs at risk. Zing is an international payments app and debit card that allows people to hold different ...

(RTTNews) - Visa, Inc. (V) and HSBC Holdings plc (HSBA.L) announced Tuesday the technological collaboration in support of HSBC Group's new international payments app, Zing. The app successfully ...

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 ...