YouTrip, Singapore’s leading multi-currency digital wallet, has unveiled its latest overseas transfer feature, enabling users to send money abroad with competitive exchange rates and a transparent fee structure. This new service, launched in December 2024, aims to meet the growing demand for efficient international remittance services.
Since its phased introduction, the feature has gained traction, particularly during the Chinese New Year period, with users able to remit funds to over 40 countries, including Malaysia, Indonesia, India, the Philippines, and Australia. Transfers can be made directly to overseas bank accounts or via FAST payment methods like DuitNow, GCash, and UPI in select countries.
Caecilia Chu, Co-Founder and CEO of YouTrip, stated, “YouTrip has redefined how individuals make cross-border payments since our inception. With our new overseas transfer feature, we’re excited to offer users the ability to send money to loved ones abroad with the same ease, cost-effectiveness and security they have come to expect from YouTrip.”
The service is designed for simplicity, allowing users to specify the amount, add recipient details, and track the transfer status in real-time via the mobile app. Users can send up to S$20,000 per transaction and S$100,000 annually. To celebrate the launch, YouTrip offers a S$5 cashback for the first two transfers over S$300, valid until 31 March 2025.
Security remains a priority, with multi-layered measures such as OTP verification and biometric authentication for transactions over S$1,000. These features ensure a secure and user-friendly experience, reinforcing YouTrip’s commitment to innovation in digital finance services.
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