Dzing announces launch of its new digital payment app

Dzing announces launch of its new digital payment app
31.03.2020 09:16 am

Dzing announces launch of its new digital payment app

Payments

Dzing, a new to market electric money and payment institution, today announced the launch of its new mobile payment app, to allow international students, remote freelancers, overseas workers, and travellers, conduct financial services from their smart devices at high speed.

Now available on Android and iOS, the Dzing app will offer its users a simple, seamless process for transferring funds across borders in the UK and Europe. The app will also provide its customers with multi-currency accounts, as well as card and partner card options for users.

Aiming to fill a gap in the market, Dzing will combine the customer centric nature of a traditional financial service institution with the innovation of a tech savvy fintech challenger, to meet the demands of the niche digitised customer profile.

With this unique position, Dzing will become an organic extension of users’ lives, providing a comprehensive offering covering both everyday account management and more long-term savings features. Pioneering a ‘snack and share’ approach, users will be able to pick and choose which aspects of the product they want and need at any given moment.

Max Kharchenko, Interim CEO & Chief Product Officer, said: “We at Dzing are convinced that consumers deserve a payment service partner that evolves with them and anticipates their needs at every stage of life. With that being said, the launch of our initial app is really just the start of the journey for us.”

Kharchenko continued: “While some consumers bank digitally, and others still favour the services of traditional banks, we spotted a gap in the market - a middle ground. So, we combined the long-term deposit uses of a traditional bank with the flexibility of a challenger bank, to support a truly modern way of living.

The app will be the perfect, secure, and easy to use companion for travellers, students, freelancers, and business customers, who want to be able to manage their finances and send money abroad using Dzing’s enhanced security features from the palm of their hand,” said Kharchenko. He commented further: “This product is designed to put the power back into the consumers hands, providing speed and convenience, while removing the worry of currency conversion rates and hidden surcharges for anyone abroad or travelling.”

Since its inception, the Company has opened 2 new offices in preparation for the launch and is ready to make a number of new hires. Having raised significant funding from an original seed investor at the start of its journey, the Company is getting ready to expand further with the help of additional funding before the end of 2020.

Kharchenko adds: “We have significant plans in place to introduce both business to business and consumer focused services, both built on a sustainable business model and set to change the nature of banking for the long term. We are excited to reveal all in the coming months and establish Dzing as the challenger everyone has been waiting for.”

To find out more about Dzing and the product, please visit: https://www.dzing.com/

 

Related News

Most countries see growth in ATMs despite pressure from cashless payments

Payment cards and other cashless payment methods are reducing demand for cash, but many countries and sectors remain heavily cash dependent

Fall in... Read more »

TrueCommerce enters into strategic partnership with retail payments specialist

Leading retail technology business TrueCommerce has entered into a new strategic partnership with international... Read more »

PayNearby collaborates with IndusInd Bank for contactless payments at 2 lakh+ Kirana stores

In its bid to simplify ordering, payments and delivery of essentials during the lockdown, PayNearby, India’s fastest growing hyperlocal FinTech startup has now expanded its... Read more »

Shopify introduces major product launches, including Shopify Balance and Shop Pay Installments

Shopify Inc., a leading global commerce company, announced new and updated products at ... Read more »

Recycling ATMs in Latin America to treble by 2024

Deposit automation and recycling terminals are revolutionising the way banks operate across the globe, allowing routine transactions to be migrated from the teller to self-... Read more »

Neobank Jingle Pay chooses W2 to power its new Super App for the Unbanked

W2, the leading provider of real-time digital solutions for global regulatory compliance, announced today that it has joined forces with neobanking group... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel