Fintech Nexus Newsletter (January 2, 2024): HSBC’s Zing to take on Wise, Revolut in foreign exchange
HSBC has announced Zing, a new retail-focused service offering inexpensive foreign exchange.
The large banks. particularly in Europe, have mainly looked on with envy as startups like Wise and Revolut have built large businesses on the back of offering cheap foreign exchange to tens of millions of retail customers.