Visa Inc. V and HSBC Holdings, Plc. HSBC have unveiled a technological partnership to support HSBC Group’s latest international payments app, Zing.
Zing allows users to hold funds in more than 10 currencies, send over 30 currencies, and conduct transactions across over 200 countries and territories worldwide, all through a unified app and smart multi-currency card.
Launched successfully in the U.K. in January 2024, it is set to expand to other markets soon.
Also Read: Mastercard and Ant Group Expand Digital Payment Zones In Western Chinese Cities: Details
Currencycloud and Tink facilitated rapid deployment for the Zing team by offering pre-built solutions integrated into Zing’s core infrastructure.
This approach saved significant development time and costs that would have been required to develop and manage proprietary solutions.
“We shared a clear vision with our partners at Visa – that people all across the globe want easy to use, secure, and trustworthy financial products that enable them to live their best international lives,” said James Allan, CEO and Founder at Zing.
Under the new global agreement between Visa and HSBC, Zing gains the ability to introduce additional features, expand its currency offerings, and enter new international markets in the coming phases.
Price Action: HSBC shares are trading lower by 0.98% to $42.90 at last check Tuesday.
Image: Shutterstock/ Tony Stock
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