HSBC Group has formed a technological partnership with Visa in support if its international payments app Zing. Zing enables users to hold funds in over 10 different currencies, send over 30 currencies, transact in over 200 countries and territories worldwide, all managed through a single app and smart multi-currency card.

The app successfully launched in the UK in January 2024 and will expand to additional markets in the near future. Enhanced features and efficiency Thanks to the cooperation with Visa, Zing was able to have a single point of contact for the entire project that delivered a multi-currency wallet, courtesy of Currencycloud technology, and multiple top-up methods, including ‘quick bank transfer’, thanks to Open Banking technology delivered by Tink – both Visa solutions. In addition, thanks to Visa technology, Zing offers internationally minded consumers in the UK a range of digital services, including low-cost and transparent currency exchange, financial management, instant collections, real-time exchange rates, and person-to-person (P2P) payments, all linked to a Visa card.

Currencycloud and Tink enabled speed-to-market for the Zing team by providing ready-made solutions to be added to Zing’s core infrastructure, saving on development time and the costs associated with building and maintaining their own solutions. Officials from Zing said their app shows how outdated the ‘legacy financial services versus fintechs’ narrative really is. The reality is that one doesn’t have to choose; Zing is as intuitive, quick, and transparent as anything to come out of the fintech boom – but with the benefits of 150 years of international finance experience as part of the HSBC Group.

They shared a clear vision with their partners at Visa – that people all across the globe want easy to use, secure, and trustworthy financial products that enable them to live international lives. Also commenting on this partnership, representatives from Visa sated that in today’s connected world, consumers should be able to move money as simply and routinely as sending a text message. Yet, in many cases, consumers still rely on manual, paper-based processes, high fees, and cash to send and receive money across borders.

Their partners and customers, and more importantly, their customers, want simplicity. By combining the benefits of Tink and Currencycloud with the wider Visa solutions and brand, they have delivered a solution in double-quick time. The new global agreement between Visa and HSBC allows Zing to roll out new features, currencies, and to more international markets in the future.

More information about Zing Zing is an international money fintech, part of the HSBC Group, with the mission to enable anyone to live international lives by making converting, holding, spending, and sending international currencies easy and worry-free. .