HSBC shuts global payments app Zing

HSBC to shutter international payments app Zing
The move is expected to result in about 400 layoffs as CEO Georges Elhedery intensifies cost-cutting measures in Europe.
HSBC's payments app closure puts around 400 jobs at risk, source says
HSBC's decision to shutter international payments app Zing is likely to trigger around 400 job losses, a source familiar with the matter said, as CEO Georges Elhedery steps up cost-cutting efforts at Europe's largest bank.
HSBC to shut down payments app as it reveals exact date it will stop
Zing is an international payments app and debit card that allows people to hold different currencies, send money abroad, or spend in the UK and overseas
HSBC scraps global money app Zing a year after launch
HSBC is shutting down its global payments app Zing a year after launch, putting hundreds of jobs at risk, as the global bank continues to overhaul its structure. The bank’s chief executive has instigated a series of changes to drive down costs since stepping into the role last year.
HSBC nears ending of international payments app Zing, Financial News reports
HSBC’s (HSBC) international payment app Zing, launched in 2024, is about to close down, according to the Financial News’ Lars Mucklejohn.
HSBC shuts global payments app Zing as CEO Georges Elhedery seeks to slash costs; 400 jobs may be axed
HSBC is shutting down Zing as it reportedly continues to overhaul its structure. The staff at risk of redundancy will be informed soon.
HSBC to close Zing app, potentially leading to 400 job losses, Reuters reports
Europe's largest bank HSBC's plan to close its international payments application Zing could potentially result in approximately 400 job losses, according to Reuters on Thursday.
HSBC Holdings rises Thursday, outperforms market
HSBA shares inched up 0.77% to £8.29 Thursday, on what proved to be an all-around great trading session for the stock market, ...
HSBC announces service to end in new blow to customers
Despite launching in January 2024 to compete with money apps like Wise and Revolut, HSBC has not yet announced a closure date ...
ThePrint18m
2025 begins with India’s private sector growth slowing and services losing steam: HSBC flash PMI
The latest HSBC PMI data, compiled by S&P Global, showed that a stronger expansion in the manufacturing industry in India was ...
What's New With HSBC Stock?
This compares to rival Barclays (NYSE: BCS) stock which has gained almost 76% over the same period and JP Morgan (NYSE: JPM) ...
HSBC’s Zing Shutdown: What Traditional Banks Can Learn from FinTech Disruption
Fintechs like Revolut and Wise are built for scale and are willing to risk short-term profits for long-term growth. Zing’s ...
HSBC touts 50% increase in suspicious transactions intercepted in past year
Hong Kong’s largest lender prepares to launch a new alert system, as it works to educate consumers about potential scams.
HSBC is thinking globally, but acting locally, to build 'Innovation Banking' from the Bay Area
“From every crisis, something great can emerge,” Dave Sabow, U.S. head of Innovation Banking at HSBC, told the Business Times during a recent interview at the bank’s offices in San Francisco’s ...
GlobalData on MSN1d
HSBC launches its presence at GIFT City in Gujarat, India
HSBC is the only international bank in GIFT City offering a full range of products and services, including wholesale banking and wealth management.