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

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

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

HSBC has decided to shut down its international payments app Zing a year after its launch, reported Reuters, citing ...

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

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 ...

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 inability to break even and scale quickly enough points to a major issue— ...

The financial giant also noted that the move was aimed at simplifying its internal operations and focusing on its current key ...

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 ...

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 ...