HSBC has launched a new international money FinTech called Zing. The app and debit card can be used globally in over 200 countries and territories and allows customers to send or convert money using multiple currencies. The app also allows users to hold up to 10 currencies in wallets to lock in rates and spend in those currencies. It features automatic currency conversion during transactions and offers human customer service support. The first 10,000 users to sign up for Zing will receive exclusive rewards, such as fee-free currency conversions and international ATM withdrawals.
Key Points:
- HSBC has launched a new international money FinTech called Zing
- The app and debit card can be used globally in over 200 countries and territories
- Customers can send or convert money using multiple currencies
- The app features currency wallets to lock in rates and ‘spend like a local’
- The first 10,000 users to sign up will receive exclusive rewards
HSBC has entered the FinTech space with the launch of its international money service, Zing. The service offers a free multi-currency app and debit card that can be used globally in more than 200 countries and territories. Customers can send or convert money using multiple currencies, with over 30 currencies currently enabled at launch. The app includes the ability to hold up to 10 currencies in virtual wallets, allowing users to lock in rates and spend in these currencies. Zing also features automatic currency conversion during transactions, making it easier for users to complete purchases in different currencies. In addition, Zing provides human customer service support to assist users with any concerns or issues. The first 10,000 people to join Zing will receive exclusive rewards, such as fee-free currency conversions and international ATM withdrawals.
Zing aims to provide a new kind of international payments solution, combining cutting-edge innovation with the support of a global bank. James Allan, founder and CEO of Zing, states that the app allows users to send money quickly, easily, and securely overseas, spend money with confidence wherever they are in the world, and be supported by human customer service whenever needed. The app is built with a focus on product excellence and great service to deliver international money without the worry.
The launch of Zing represents HSBC’s move into the FinTech space and shows the increasing importance of digital solutions in the banking industry. The app’s multi-currency capabilities and user-friendly features aim to make international money transactions simpler and more convenient for users. By offering a free app and debit card, HSBC hopes to attract customers looking for a seamless and cost-effective way to manage their finances globally. The inclusion of exclusive rewards for the first 10,000 users adds further incentive for people to join Zing and try out the service.
Overall, the launch of Zing by HSBC is a notable development in the FinTech sector. With its global reach and multi-currency capabilities, the app has the potential to disrupt traditional banking services and offer customers a more efficient and user-friendly way to handle international money transactions. As more banks and financial institutions embrace digital solutions, it will be interesting to see how Zing evolves and whether it can compete with other FinTech players in the market.
