HSBC challenges Revolut and Wise with the debut of Zing, a new forex app aiming to revolutionize cross-border payments. Find out HSBC's strategic move and how it plans to compete in the market!
HSBC is making waves in the financial industry as it jumps into the competition for Tesco's banking arm alongside rivals Barclays and Lloyds Banking Group. But that's not all - the banking giant is set to shake things up even further with the launch of the Zing app, a direct challenge to fintech leaders Revolut and Wise. The Zing app promises low-cost foreign exchange services for retail consumers, signaling HSBC's ambition to grab a share of the growing market for affluent customers.
With Zing's debut initially in the UK and plans for global expansion, HSBC is strategically positioning itself to take on the dominance of Revolut and Wise. The app will offer international payments and a multi-currency debit card, providing users with a seamless experience in managing their finances worldwide. This move reflects HSBC's commitment to innovation and staying ahead in the competitive financial technology landscape.
In a surprising twist, HSBC's launch of the Zing app not only targets fintech giants but also aims to tackle hidden fees in the industry. Wise CEO Kriso Käärmann highlighted HSBC as one of the most expensive banks for hidden fees, setting the stage for a potential shift in how traditional banks handle transparency and cost for customers. Additionally, HSBC's aggressive mortgage rate-cutting drive brings new opportunities for homeowners, with rates below 4% shaking up the mortgage market and sparking a price war among lenders.
HSBC has joined rivals Barclays and Lloyds Banking Group in expressing an interest in the banking arm of supermarket giant Tesco, Sky News learns.
HSBC is set to launch a payments app in the UK that will offer cheap foreign exchange to retail consumers as the global lender seeks to compete with ...
HSBC launches international payments app to rival fintechs Revolut and Wise, to grab a slice of the booming market for affluent customers.
The Zing app and accompanying debit card will be launched initially in the UK before a progressive roll out to other destinations worldwide, according to an ...
HSBC Holdings PLC (LSE:HSBA) has thrown its hat in the foreign exchange ring with the announcement of Zing, a forex app aimed squarely at a market dominated ...
HSBC to launch Zing payments app in bid to take on fintechs ... The UK will be the first market that can access the service, but the bank has global expansion ...
This strategic move will see the debut of Zing, which is aimed at penetrating the lucrative market of affordable foreign exchange services, according to ...
(Bloomberg) -- HSBC Holdings Plc is set to debut an international payments app aimed at directly challenging the dominance of fintechs like Revolut and Wise ...
HSBC is set to launch an international payments and foreign currency app and debit card called Zing in the UK today. We run the rule over its fees and ...
HSBC Holdings Plc is gearing up to launch Zing, an international payments app set to rival fintech giants such as Revolut and Wise Plc by appealing to a ...
HSBC is adding a new app to attract nonbank customers to cross-border payments. Hollie Adams/Bloomberg. As the digital payment companies that offer cross- ...
HSBC Holdings plc, the U.K.'s largest bank, today debuted a new consumer finance app called Zing. Zing could put the financial services giant in a better ...
HSBC is reportedly readying a global payments app to take on companies like Wise and Revolut. Dubbed Zing, the app will first be offered in Great Britain.
Features at launch include the ability to hold money in wallets with locked-in rates for up to 10 currencies and a multi-currency debit card with FX sweeping — ...
Free multi-currency app and debit card - available on iOS and Android - can be used globally in more than 200 countries and territories.
HSBC will take on the likes of Wise and Paysend with the launch of its new multi-currency payments app Zing.
HSBC is gearing up to shake the foundations of the fintech landscape with the imminent launch of Zing, an international payments app.
Wise PLC (LSE:WISE) chief executive Kriso Käärmann gave a sneak peak into January's UK Hidden Fees Report, citing HSBC Holdings PLC (LSE:HSBA) as joint...
HSBC has joined a number of UK high-street banks interested in buying Tesco's banking arm, according to a Sky News report.
Five- and 10-year fixed-rate remortgage offers announced as lenders big and small reduce rates.
From tomorrow, the bank's cheapest five-year fixed rate will fall from 4.79% to 3.94% according to industry insiders.
HSBC has cut selected fixed rates across a broad range of its residential and buy-to-let (BTL) home loans from today as experts predict a growing price war ...
The reductions bring its 5-year fixed rate for remortgage customers below 4% with a headline rate of 3.94% for those borrowing up to 60% of the property value.
HSBC says its new deals will be introduced on Thursday and will include a two-year fixed remortgage deal for 4.49% and a five-year deal for 3.94% - the ...