Zing launched in the UK in January and will expand to additional markets in the near future.

Zing enables users to hold funds in over 10 different currencies, send over 30 currencies, transact in over 200 countries and territories worldwide.

The app gained a single point of contact for the entire project that delivered a multi-currency wallet courtesy of Currencycloud technology and multiple methods to top-up an account 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 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 solutions to be added to Zing’s core infrastructure.

The new global agreement between Visa and HSBC allows Zing to roll out new features, currencies, and to more international markets in the future.

“Zing shows how outdated the ‘legacy financial services versus fintechs’ narrative really is. The reality is that you don’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,” said Zing CEO and founder James Allan.

“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. Zing delivers on that promise, and we look forward to building on this partnership in the future.”

“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,” said Visa global head of product money movement solutions Serge Elkiner.

“Our 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, we have delivered a great solution in double-quick time.”