HSBC shuts payments app Zing

HSBC to shutter international payments app Zing
The move is expected to result in about 400 layoffs as CEO Georges Elhedery intensifies cost-cutting measures in Europe.
HSBC's payments app closure puts around 400 jobs at risk, source says
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 at Europe's largest bank.
HSBC to shut down payments app as it reveals exact date it will stop
Zing is an international payments app and debit card that allows people to hold different currencies, send money abroad, or spend in the UK and overseas
HSBC scraps global money app Zing a year after launch
HSBC is shutting down its global payments app Zing a year after launch, putting hundreds of jobs at risk, as the global bank continues to overhaul its structure. The bank’s chief executive has instigated a series of changes to drive down costs since stepping into the role last year.
HSBC nears ending of international payments app Zing, Financial News reports
HSBC’s (HSBC) international payment app Zing, launched in 2024, is about to close down, according to the Financial News’ Lars Mucklejohn.
HSBC loses its Zing as app can’t match fintech rivals
Major universal bank HSBC has recently announced the closure of its Zing app just a year after its launch, potentially putting around 400 jobs at risk. The Zing app, introduced in January 2024, was rolled out to take on fintech rivals like Revolut and Wise by offering cheaper cross-border payment fees.
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