HSBC Set to Launch Global Payments App Zing

The new app, aimed at competing with Wise and Revolut, will initially be available in the UK and open to non-HSBC customers.

HSBC is launching a new global payments app called Zing, aimed at competing with companies like Wise and Revolut.
The app will first be available in the UK, with plans to expand to other countries in the coming months.
Zing will be open to non-HSBC customers and is part of a strategy to attract new users to the bank.
The app will be available on the Apple and Google app stores within days.
HSBC already offers a product called Global Money that provides its customers with fee-free currency service, which processed transactions worth about $11 billion in 2022.