SINGAPORE’S multi-currency mobile wallet YouTrip has inked a six-year partnership with Visa to accelerate its expansion into the rest of South-east Asia – with an eye on Malaysia and the Philippines as potential markets in the next six to 12 months.
Currently launched in Singapore and Thailand, YouTrip has garnered over one million downloads to date, YouTrip and Visa said in a joint statement on Wednesday.
The fintech startup has a separate partnership with Mastercard that covers Singapore and Thailand.
The latest announcement comes a year after YouTrip’s first regional expansion to Thailand in collaboration with Thai bank Kasikornbank, which has over 13.9 million online banking customers as at November 2020.
Unlike regional travel in other parts of the world such as Europe or the US, travelling within South-east Asia requires multi-currency spending, the companies said.
