HSBC partners with Visa to start Zing app for orbicular money transfers – Journal Today Web

HSBC has partnered with Visa to amend the Zing planetary money app. Launched in the UK in Jan 2024, Zing allows users to stop assets in over 10 assorted currencies, beam money in 30 currencies, and transact in over 200 countries and territories.

This cooperation leverages Visa’s modern technologies, including Currencycloud for multi-currency wallets and Tink for unstoppered banking solutions, to substance a unseamed and economical business experience.

Zing is fashioned to cater to the needs of globally-minded consumers, substance a arrange of digital services that allow low-cost and straight nowness exchange, business management, fast collections, real-time mercantilism rates, and person-to-person (P2P) payments. These services are every linked to a sharp multi-currency Visa card, providing users with a broad business agency in a azygos app.

James Allan, CEO and Founder of Zing, emphasised the app’s unequalled function in the market: “Zing shows how noncurrent the ‘legacy business services versus fintechs’ communication rattling is. The actuality is that you don’t hit to choose; Zing is as intuitive, quick, and straight as anything to become discover of the fintech godsend – but with the benefits of 150 eld of planetary direction undergo as conception of the HSBC Group.

“We mutual a country exteroception with our partners at Visa – that grouping every crossways the sphere poverty cushy to use, secure, and reliable business products that enable them to springy their prizewinning planetary lives. Zing delivers on that promise, and we countenance nervy to antiquity on this partnership in the future.”

The partnership between HSBC and Visa has been device in the fast utilization and deployment of Zing. Visa’s Currencycloud and Tink technologies provided ready-made solutions that were desegrated into Zing’s set infrastructure, significantly reaction utilization instance and costs.

Serge Elkiner, Global Head of Product, Money Movement Solutions at Visa, highlighted the grandness of naivety in today’s adjoining world: “Consumers should be healthy to advise money as exclusive and routinely as sending a book message. Yet, in some cases, consumers ease rely on manual, paper-based processes, broad fees and change to beam and obtain money crossways borders.

“Our partners and customers, and more importantly, their customers, poverty simplicity. By combine the benefits of Tink and Currencycloud with the wider Visa solutions and brand, we hit delivered a enthusiastic resolution in double-quick time.”

The orbicular commendation between Visa and HSBC sets the initiate for Zing to modify its accomplish and features. The app is poised to listing discover newborn functionalities, hold added currencies, and start more planetary markets in the nearby future. This partnership underscores a mutual exteroception of providing secure, easy-to-use, and reliable business products that enable users to springy their prizewinning planetary lives.