Zing, a trailblazing FinTech initiative, emerges as a key player in the international money transfer sector. This new, free-to-download app and debit card is positioned to redefine global transactions.
Zing, which is part of the HSBC Group, reflects a strategic move to address the evolving needs of today’s global citizens. Zing’s launch in the UK market underpins a commitment to offering hassle-free international money solutions, leveraging HSBC’s longstanding expertise in global finance.
Zing’s role is pivotal in facilitating worry-free international transactions. Its multi-currency app and debit card offer functionality in over 200 countries and territories. The app’s standout feature, FX sweeping, allows seamless currency conversion at point-of-sale, ensuring ease of transactions. Additionally, Zing’s transparent pricing model, competitive rates, and 24/7 customer service highlight its commitment to user convenience and trust.
Zing offers the capacity to hold up to ten currencies, catering to a diverse range of users including expats, international travellers, and investors. With the ability to lock in rates and spend like a local, Zing’s services extend beyond mere transactions, encompassing a holistic approach to international financial management.
Zing’s technology stack is bespoke, designed for reliability and future scalability. As a non-bank e-money institution, Zing ensures user safety by safeguarding funds in a separate account, adhering to the Financial Conduct Authority’s regulations. The first 10,000 Zing members will enjoy exclusive Founding Member rewards, including fee-free transactions and international ATM withdrawals.
Zing CEO, James Allan, emphasized the company’s vision, saying: “Now is the time for a new kind of international payments solution; one that combines cutting-edge innovation with the support of a global bank. Zing delivers this truly unique proposition for consumers, helping them live their best international lives.
“By listening to the market we have put our focus on product excellence and great service. Zing enables users to get on with the things that matter to them; sending their money quickly, easily, and securely overseas, spending money with confidence wherever they are in the world, and being supported by human customer service whenever they need. Zing is built differently to deliver international money without the worry.”
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