Visa Partners with HSBC to Launch Zing International Payments App

Visa Partners with HSBC to Launch Zing International Payments App

Zing, a pioneering new app developed through a powerful partnership between global banking giant HSBC and industry leader Visa, is designed to transform the way you manage your money internationally.

Unprecedented Currency Flexibility: Hold, Send, and Spend with Ease

Zing empowers you to take control of your international finances like never before. Hold funds in over 10 different currencies, send money in 30+ currencies, and transact seamlessly in nearly 200+ countries and territories.

All this functionality is packed into a single, friendly app, eliminating the need for multiple accounts and complex currency conversion procedures.

Whether you’re a frequent traveller, a remote worker sending and receiving payments internationally, or someone with family abroad, Zing simplifies your financial life.

Imagine sending money back home to loved ones in real-time, paying for that dream vacation in local currency without hidden charges, or conveniently managing your business expenses across borders.

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The Power of Experience Meets Innovation: A Winning Combination

Zing is more than just a convenient app. It represents a groundbreaking collaboration that draws upon the strengths of both established financial institutions and the adaptability of the fintech world.

James Allan, CEO and founder of Zing, emphasises that Zing shatters the traditional model. “We’re not just another fintech app,” Allan states.

“Zing bridges the gap between the established security and global reach of HSBC, with its 150-year legacy in international finance, and the speed, transparency, and user-friendliness that the fintech world is known for.”

This unique partnership ensures that you get the best of both worlds: a secure and reliable platform backed by a trusted financial institution, combined with the innovative features and user-centric approach of a modern fintech solution.

Smooth Transactions

Serge Elkiner, Global Head of Product at Visa, echoes this sentiment. He highlights the importance of user experience in today’s fast-paced world.

“Sending money internationally shouldn’t feel like filling out a maze of paperwork,” Elkiner remarks. Zing tackles this challenge head-on, eliminating the need for outdated processes like paper checks and high fees.

With Zing, international transactions are as simple as sending a text message,a refreshing change from the traditional banking experience.

Tech Powerhouse: Unleashing the Potential with Cutting-Edge Solutions

The secret behind Zing’s impressive capabilities lies in its innovative foundation. Visa’s advanced technologies, including Currencycloud and Tink, power the app’s functionality.

Currencycloud provides a multi-currency wallet, allowing you to hold and manage different currencies within the app itself. No more scrambling to find currency exchange bureaus or dealing with unfavourable conversion rates.

Tink, on the other hand, utilises open banking solutions to facilitate quick and easy account top-up options, including convenient bank transfers. This integration ensures a seamless experience, allowing you to move money between your accounts and Zing effortlessly.

A Look into the Future: Financial Management Redefined

The launch of Zing in the U.K. in January 2024 marks a significant turning point in international money management.

The app empowers users with a suite of powerful tools, including transparent currency exchange rates in real-time, instant collections for faster access to funds, secure person-to-person payments, and comprehensive financial management tools, all linked to a convenient Visa card.

This translates to complete control over your finances, allowing you to track expenses, budget effectively, and make informed decisions, regardless of your location.

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Beyond Borders: A World of Possibilities Awaits

The collaboration between HSBC and Visa opens doors for exciting possibilities in the future. Zing is positioned for further expansion, supporting a wider range of currencies, launching innovative new features, and entering new markets.

This paves the way for a truly global financial experience, empowering individuals and businesses alike to navigate the world with confidence.

Keep an eye on Zing as it transforms the way we manage money across borders, ushering in an era of financial freedom and flexibility for a globally connected world.

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