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 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 pulls the plug on Zing payments app after just one year
HSBC has announced the closure of its international payments app Zing, marking another setback in the bank's fintech expansion efforts, just 12 months after its launch
HSBC shuts global payments app Zing as CEO Georges Elhedery seeks to slash costs; 400 jobs may be cut
HSBC is shutting down Zing as it reportedly continues to overhaul its structure. The staff at risk of redundancy will be informed soon.
HSBC HOLDINGS Decides to Shut Down Int'l Payment App 'Zing', which May Affect 400 Jobs: Wire
HSBC HOLDINGS (00005.HK) has decided to shut down its international payment application, Zing, a move that may affect about 400 jobs, foreign media quoted sources as saying. Employees affected by the layoffs will be notified on Thursday (23rd),
'Four hundred jobs could go' at HSBC's Zing app
Zing, which was set up by James Allan, HSBC's head of foreign exchange and international payments, had an accompanying debit card that ensured users could hold funds in more than 10 currencies. Customers were also able to use the app to send money in more than 30 currencies, and carry out transactions in at least 200 countries and territories.
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.
App Closed, Over 400 Jobs At Risk In This Bank - Details
HSBC has decided to close its international payments app, Zing, as part of CEO Georges Elhedery’s cost-cutting strategy. The move is expected to result in approximately 400 job losses, including non-HSBC customer support staff.
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