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 ...

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 ...

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 ...

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

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

HSBC has finally spoken out about its decision to axe a popular service. The high street bank, which competes with the likes ...

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 ...