WHAT IS YOUTRIP?
The YouTrip multi-currency mobile wallet was released in 2018 in conjunction with EZ-Link and Mastercard.
It seeks to give better currency rates than traditional banks to travelers, internet shoppers, and students who study worldwide. To that purpose, it offers free cross-border purchases in over 150 currencies, as well as in-app exchanges of up to ten currencies at the best FX rates.
FEATURES OF YOUTRIP
Over 150 currencies are supported for currency conversion.
Exchange and lock-in competitive prices for up to ten in-app currencies are supported.
Outside of Singapore, cash withdrawals using Mastercard, Maestro, or Cirrus ATMs are accessible at wholesale exchange rates. A withdrawal charge of S$5 or the equivalent in foreign currency will be applied.
If your YouTrip Mastercard is missing, you may easily deactivate it using the app.
Every moment a transaction is completed, you will receive an instant notice.
HOW DOES IT WORK?
Consider YouTrip to be a debit Mastercard incorporated within an app. You receive an interface that lets you handle all of your foreign currencies and transactions on one platform, but you also get a real card that you can use if you like.
Each user can have up to ten currencies selected for in-app exchange. This enables you to simply monitor and lock in favourable rates anytime you anticipate transacting in that foreign exchange.
You may also use the debit card to pay for international transactions without the mark-up fees that bank cards often apply. If you spend in a currency that is not in your account, Mastercard’s current wholesale exchange rate will be used.
So, how does YouTrip generate money? With each Mastercard transaction, the card collects a tiny fee from the retailer. You will not be charged any additional costs this way.
