HSBC unveils new international payments app Zing in the UK

  • HSBC launches new international payments app Zing in the UK on January 3, 2024.
  • Zing is a free, multi-currency app and debit card for use in 200+ countries by expats, travelers, and investors.
  • App features include transparent fees, competitive rates, offline/online spending, and 24/7 customer support.
  • Users can hold money in wallets for up to 10 currencies with locked-in rates and use a multi-currency debit card with FX sweeping.
  • FX sweeping automatically converts currencies in other wallets for seamless transactions.
  • Zing allows users to send money across borders in 30+ currencies using local payment methods and Swift.
  • Authorized by the UK’s FCA as an e-money institution (EMI).
  • James Allan, CEO of Zing, emphasizes the app’s focus on quick, easy, and secure overseas money transactions, confident spending worldwide, and human customer service support.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

IG Group Considers Switching Listing from London to New York

The financial services firm explores a potential move to enhance visibility.Highlights: IG Group is weighing a move from...

Huawei and Yowpay Launch Open Banking Smartwatch POS App

Innovative app combines open banking with smartwatch technology for payments.Highlights: Huawei partners with Yowpay to introduce a smartwatch...

UK Banks Reject Opportunity to Lift £100 Contactless Limit

Major UK banks choose not to increase contactless payment thresholds.Highlights: UK banks will not raise the £100 contactless...

Crypto.com Cuts 12% of Workforce Amid AI Shift

The company streamlines operations in response to evolving market dynamics.Highlights: Crypto.com reduces workforce by 12%Focus shifts to AI...