Dzing has launched its new mobile payment app, to give international students, remote freelancers, overseas workers and travellers, access to financial services from their smart devices.

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

The UK-based startup is aiming to combine the customer-centric nature of a traditional financial service institution with the innovation of a FinTech.

Using what it calls a ‘snack and share’ approach, users will be able to pick and choose which aspects of the product they want at any given moment.

Max Kharchenko, interim chief executive and chief product officer, said: “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."

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

Kharchenko added: “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."

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