The money transfer app, launched with initial plans to compete in the U.K. with fintechs like Wise and Remitly, will be ...

The failed Zing initiative represents a cautionary tale about why some traditional banks struggle to innovate successfully ...

HSBC to shut down its international money app, Zing, just a year after it launched in the UK. Zing, which aimed to simplify ...

Fintechs like Revolut and Wise are built for scale and are willing to risk short-term profits for long-term growth. Zing’s ...

The move is expected to result in about 400 layoffs as CEO Georges Elhedery intensifies cost-cutting measures in Europe.

HSBC has shut down Zing, the currency conversion app that was intended to provide a viable competitor to money transfer behemoth Wise.

HSBC’s (HSBC) international payment app Zing, launched in 2024, is about to close down, according to the Financial News’ Lars Mucklejohn.

Europe's largest bank's decision to close its international payments app could result in the loss of around 400 jobs, according to a source close to the situation. The unnamed source told the Reuters ...

HSBC has announced the closure of its international payments app Zing, marking another setback in the bank's fintech ...

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 ...

Zing was launched in January last year as a platform for people to hold digital currencies and send or spend money in the UK ...

A major UK-based bank is set to scale back certain parts of its banking operations in the UK, Europe, and the Americas as ...