Dzing announces launch of its new digital payment app as it’s looking to expand in 2020

UK-based FinTech startup Dzing has launched a new payment app for international students, remote freelancers, overseas workers and travellers.

The app is available on Android and iOS. The Dzing app claims to offer 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.

“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,” said Max Kharchenko, interim CEO and chief product officer at Dzing. “With that being said, the launch of our initial app is really just the start of the journey for us.

“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.”

Kharchenko also boasted about the app’s ability to enable users to manage and send money securly. “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,” he said.

The launch of the app is the start of what the company expects to be significant growth during 2020. Dzing is looking to hire more staff and to raise more money at the end of the year.

“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,” said Kharchenko. “We are excited to reveal all in the coming months and establish Dzing as the challenger everyone has been waiting for.”

Copyright © 2020 FinTech Global

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