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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.

The Sun · 3d

HSBC to shut down payments app in blow to customers

HSBC is set to shut down a payments app after its launch just a year ago in a blow to customers. The Zing platform, which lets users make global payments and comes with a multi-currency debit

fstech · 4d

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

Yahoo Finance · 3d

HSBC to shutter international payments app Zing

The move is projected to result in about 400 redundancies as CEO Georges Elhedery intensifies cost-cutting measures in Europe. According to the source, the employees who are at risk of layoffs ...

Republic Business on MSN · 4d

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.

1hon MSN

HSBC stock hits 52-week high at $51.93 amid robust gains

HSBC Holdings plc (NYSE:HSBC) shares soared to a 52-week high of $51.93, reflecting a remarkable year of growth for the ...

3don MSN

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.

3don MSN

HSBC announces service to end in new blow to customers

HSBC is preparing to close down its payments app, Zing, just a year after its launch, in a move that could disappoint ...

4don MSN

HSBC’s payments app closure puts around 400 jobs at risk: source

HSBC has decided to shutter its international payments app Zing, potentially triggering around 400 job losses, a source familiar with the matter said, as CEO Georges Elhedery steps up cost-cutting ...

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