HSBC: Zing your global transfers with us

[ndt]

HSBC coming up with Zing to compete with Wise, Revoult in a rapidly growing International money transfer business..

https://www.thestandard.com.hk/secti...-payments-race

[shri]

HSBC coming up with Zing to compete with Wise, Revoult in a rapidly growing International money transfer business..

https://www.thestandard.com.hk/secti...-payments-race

Full of usual marketing speak, without a firm pledge to offer industry leading FX rates.

[ndt]

I suspect they will start with somewhat in-between rates, better than normal bank rates and slightly higher than Wise/
Revoult for brand premium..

[shri]

Nice .. looking forward to people zinging themselves.

[newhkpr]

I suspect they will start with somewhat in-between rates, better than normal bank rates and slightly higher than Wise/
Revoult for brand premium..

There is absolutely no brand premium outsider the tiny ass mini country Hong Kong. Same as their Payme effort.

[ndt]

Try explaining it to them, Wouldnt have come up with the idea of PayMe in the first place if they thought so..

[shri]

Try explaining it to them, Wouldnt have come up with the idea of PayMe in the first place if they thought so..

Pre-FPS ... at that time stored value wallets and free micro-transactions were on trend? Venmo launched in 2009, paypal bought them in 2013. Payme was launched 4 years later in 2017.

FPS launched in 2018...

[Peaky]

https://Zing.me

[shri]

Would pay good money to find out when this GBP - AUD demo conversion was done.

[ndt]

Pre-FPS ... at that time stored value wallets and free micro-transactions were on trend? Venmo launched in 2009, paypal bought them in 2013. Payme was launched 4 years later in 2017.

FPS launched in 2018...

IIRC there was some time overlap between PayMe launched and FPS framework already in test between banks and HKMA but i guess PayMe would have been in quite advanced development/testing phase by then..