Global money app Zing has partnered with Visa’s Open Banking platform, Tink, to launch automatic and one-tap top-ups, providing a fast and secure way for users to add funds. Through Open Banking’s variable recurring payments (VRP), Zing members can instantly top up their wallets from seven major UK banks.
With Tink’s integration, Zing customers can directly link their bank accounts to their Zing wallet, enabling a smooth, automated top-up experience without requiring reconnection every 30 days. This launch aligns with Zing and Visa’s commitment to evolving customer needs, preferences, and regulatory compliance in a fast-changing financial landscape.
Enhancing Convenience with One-Tap Top-Ups
Zing’s one-tap top-ups utilize linked accounts, allowing members to choose an amount and credit their wallets with a single tap. Open Banking account linking removes the need to input details manually or exit the app. By setting a monthly limit, members avoid needing bank approval for each top-up.
Automatic Top-Ups for Balance Control
With automatic top-ups, users can set a minimum balance and a maximum top-up amount. When a wallet balance drops below the set threshold, Zing will automatically top it up to the preset value, ensuring funds are always available.
These features support Zing’s rapid growth, allowing members to manage funds in 20+ currencies, send money in 30+ currencies, and spend globally across 200+ countries and territories. Zing members also benefit from 24/7 customer support and advanced security measures.
Zing’s top-up features are now live for all UK members, working seamlessly with leading banks including HSBC, Barclays, Lloyds, Nationwide, NatWest, and Santander.
James Allan, founder and chief executive officer of Zing, said: “Our members shared their fears of having their card declined due to insufficient funds when making payments while travelling, holding up the queue as you try to top-up your account.
Jack Spiers, sales director, issuing solutions at Visa, said its new partnership with Zing “showcases” how Open Banking can reduce complexity for consumers.
“It is great to see the traction and impact variable recurring payments now have in the market, moving Open Banking-powered payments further towards mass-market adoption,” Spiers added.
—————————————————————————————————
About Innovation Streets:
Welcome to InnovationStreets.com! Get the latest insights from the finance and technology industries. Discover industry updates on fintech innovations, regulatory developments, industry insights, events, and collaborations between banks, insurers, and fintechs—a platform for C-level executives to submit thought leadership content for their peers. Subscribe for updates!
