Banking giant HSBC has created its own multi-currency money transfer app for smartphones, in a bid to challenge the low-cost services offered by up-and-coming fintech companies.

HSBC is poised to challenge fintechs like Wise, PayPal and Remitly for a piece of the international money transfer action. The bank’s new international payments app, Zing, is set to launch in ...

HSBC is looking to take on money transfer behemoth Wise with the launch of a global currency conversion app. 6 02 January 2024 Be the first to comment. Editorial.

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Currently Wise charges £1.21 to send £250 GBP to Euro whereas HSBC charges £9.26. James Blower says: 'Zing looks like HSBC's attempt to fight back against the likes of Wise and Revolut in the ...