YouTrip forays into Thailand in partnership with Kasikornbank

YouTripSingapore-based multi-currency travel wallet YouTrip has officially launched for consumers in Thailand. YouTrip is collaborating with Thai lender Kasikornbank (Kbank) to launch its services in Thailand.

According to the company, Kbank’s 11.6 million online customers will now be able to register for YouTrip in less than 3 minutes via their K PLUS app, and will be able to enjoy zero transaction fees across over 150 currencies as they travel globally.

Insignia Ventures Partners-backed YouTrip said it will allow Thai travellers to lock-down and secure their preferred rate via the in-app exchange rate feature for 10 popular currencies, with no daily limit on how much money can be exchanged.

“We are really excited to be launching in a new market, and cannot wait to replicate the same level of success in Thailand that we’ve enjoyed in Singapore over the past year. We see great synergies between Kasikornbank and YouTrip, and are delighted that this partnership is the first bank-fintech partnership of its kind in Thailand. This proves that the Thai market is ready for a product like YouTrip, and we are ready to deliver,” said Caecilia ChuCaecilia Chu, Co-Founder and CEO of YouTrip.

Thailand will be YouTrip’s first overseas market. It aims to sign up over 400,000 users within its first year of launch in Thailand. In Singapore, the fintech claims to have already amassed over 400,000 downloads and over 10 million transactions to date.

“KBank sees strong potential in YouTrip, which enjoys great success as the leading Multi-Currency Travel Wallet in Singapore. We also believe in the foreign exchange market which has benefited from the strong outbound tourism growth in Thailand, due to strong Baht, travel promotions, new flight routes openings, etc. The successful partnership with YouTrip to co-develop YouTrip mobile application and contactless Mastercard, is further supported by KBank’s strong operational platform,” said Patchara Samalapa, President, Kasikornbank.

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