The move is expected to result in about 400 layoffs as CEO Georges Elhedery intensifies cost-cutting measures in Europe.

HSBC's decision to shutter international payments app Zing is likely to trigger around 400 job losses, a source familiar with ...

HSBC closed its Zing app just a year after its launch, as traditional banks battle to keep up with the innovation and ...

HSBC is shutting down its global payments app Zing a year after launch, putting hundreds of jobs at risk, as the global bank ...

HSBC’s (HSBC) international payment app Zing, launched in 2024, is about to close down, according to the Financial News’ Lars Mucklejohn.

Zing, which was set up by James Allan, HSBC's head of foreign exchange and international payments, had an accompanying debit card that ensured users could hold funds in more than 10 currencies.

Fintechs like Revolut and Wise are built for scale and are willing to risk short-term profits for long-term growth. Zing’s ...

Zing’s failure highlights the pitfalls of chasing Fintech disruptors. It serves as a cautionary tale: traditional banks must ...

HSBC has announced the closure of its international payments app Zing, marking another setback in the bank's fintech ...

HSBC is shutting down Zing as it reportedly continues to overhaul its structure. The staff at risk of redundancy will be informed soon.