YouTrip, Singapore’s first multi-currency mobile wallet, will be establishing an innovation lab in the country to fast-track its technology capabilities and product development to capture the rise of the multi-currency payments landscape.
In this next phase of its business growth, YouTrip will be doubling its local workforce with over 50 new hires in Singapore across engineering and product development by 2022. The new positions will add on to YouTrip’s current headcount of close to 100 across all its locations.

YouTrip’s expanded workforce in the innovation lab will be crucial in driving the development of a new suite of multi-currency products and features to serve the changing needs of its users.
This includes YouTrip Business, a new multi-currency corporate credit card aimed at helping companies save money and time on cross-border payments. Compared to the consumer product, this new business card promises higher spending limits while transacting at the best exchange rates in more than 150 currencies, with credit terms offered to selected business account users.
YouTrip Business also enables companies to issue multi-currency cards to employees, and streamlines all expenses in one platform.
YouTrip will also be investing in a brand refresh to elevate consumers’ multi-currency spending. This brand rehaul will reflect the fintech startup’s transformation from a travel wallet to a broader digital payments app that drives its mission of simplifying multi-currency spending.
Beyond debuting a new brand identity, the YouTrip app will also be redesigned with new features such as a virtual card, an interactive exchange rates dashboard, YouTrip exclusive deals, and the ability to hold more popular currencies in their wallet – all aimed at delivering seamless payments in foreign currency.
Both products are in its development stage and scheduled to be launched in early 2022.
Caecilia Chu, co-founder and CEO, YouTrip, said: “Despite the travel standstill, we’ve continued to register a significant growth in overseas online spending, further underscoring the importance of cross-border payments for consumers and businesses. With this shift in spending, our advancement in innovation to offer a wider suite of multi-currency is timely, and drives our goal of elevating the cross-border payment experience for our users in Singapore and the region.”
Aligned with Singapore’s efforts to nurture future cohorts of fintech talents, YouTrip is also launching a Software Engineering Graduate Programme. This two-year training initiative will provide entry-level engineers with the core knowledge, mentorship and job rotations to master domain and technical expertise valuable for today’s fintech landscape.
























With international travel largely on hold, staycation demand in Singapore remains unwavering, with 86 per cent of Singaporeans planning to book at least one local trip in the next two months, found a new Tripadvisor study.
According to Tripadvisor’s Seasonal Travel Index for Fall, the vast majority (87 per cent) of travel intent in the Asia-Pacific region remains domestic.
A third of Singaporeans (33 per cent) are planning at least two domestic trips this fall and more than one in ten (12 per cent) are planning on taking three or more domestic trips.
This revenge travel mindset is also evident in the spending habits of Singaporeans this fall as around one in three (35 per cent) plan to spend more on their biggest trip than they did on their biggest trip during the same period pre-pandemic in 2019. Gen Z Singaporeans are most likely to spend more, with nearly half (46 per cent) saying that they will do so.
The study also found that while single-night staycations were all the rage at the start of the pandemic, with prolonged lockdowns and work-from-home, a growing number of Singaporeans are seeking longer getaways.
Around one in seven (13 per cent) of Singaporean travellers indicated their plans for a one-night stay, compared with the 59 per cent that are looking for a longer two- to five-day stay.
In the age of Covid-19, cleanliness remains a top priority for travellers. When it comes to hotels, Singaporean travellers are searching most for clean and modern hotels, with family and mid-range hotels proving the most popular hotel types in Singapore.
The study also revealed that Singaporeans are spending S$487 (US$360) on average on their fall trip. When it comes to planning international travel, city trips are top of the list for Singaporeans, with the most popular destinations being New York City, London, Hong Kong and Dubai.