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

HSBC has decided to shut down its international payments app Zing a year after its launch, reported Reuters, citing undisclosed sources. The move is projected to result in about 400 redundancies as ...

Fintechs like Revolut and Wise are built for scale and are willing to risk short-term profits for long-term growth. Zing’s inability to break even and scale quickly enough points to a major issue— ...

Just 12 months after its launch, HSBC announced the closure of international payments app Zing in January 2025. FStech news ...

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

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

Zing, which was set up by James Allan, HSBC's head of foreign exchange and international payments, had an accompanying debit ...

HSBC’s (HSBC) international payment app Zing, launched in 2024, is about to close down, according to the Financial News’ Lars Mucklejohn. “HSBC is preparing to inform employees that it has ...

The app was launched in January 2024 as HSBC's first foray into the digital banking market, but is now set to close in four ...

Launched in January 2024, Zing was an attempt by HSBC to enter the fintech market, and was positioned as a rival to companies ...

Zing championed by Nuno Matos-the next ANZ CEO 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 ...