HSBC Launches International Money App “Zing” to Compete with Fintechs
HSBC has launched a new international money app called Zing in an effort to take on fast-growing financial technology competitors like Wise (formerly TransferWise) and Revolut. The Zing app allows UK customers to open multi-currency accounts online and convert between 10 major global currencies at lower foreign exchange fees than HSBC typically offers. It’s currently…