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YouTrip extends digital wallet limits and enhances payment security

By Gloria Mathias

January 04, 2024

  • Cash Flow Limit
  • Cross Border Payments
  • Digital Payments

YouTrip, Singapore, Thailand, FinTech, Technology, Fraud Management, Digital Payments,  Digital Wallet Limit, Cash Flow Limit, Payment Security, Fraud detection Technology, Cross border payments, YouTrip, Singapore’s multi-currency eWallet, has announced increased stock and flow cap limits on its digital wallet and new security enhancements to empower users with greater convenience, flexibility, and security as they make cross-border transactions.

YouTrip users can hold up to S$20,000 in their wallets at any point in time and enjoy an annual spending limit of S$100,000, compared to the previous caps of S$5,000 and S$30,000, respectively.

YouTrip is one of the ‘Major Payment Institutions’ to initiate the raising of the limits, paving the way for a smoother and more rewarding payment experience.

Caecilia Chu, CEO and Co-Founder of YouTrip, said, “YouTrip is passionate about making cross-border payments smarter, easier, and more rewarding. Previously, users expressed their desire for a higher flow cap limit to use their YouTrip wallet for purchases such as flight tickets, hotel accommodations, and family expenses. Now, with the enhanced limits, it addresses a key pain point for our users who were previously curtailed by the lower caps. This revision to the wallet limits is a game-changer, allowing us to offer unparalleled convenience and open doors to a world of unhindered payment experiences to our users.”

Ariel Yeo, a YouTrip user, shared, “As someone who travels frequently with friends and family, I am often the planner and accountant of the trips. Before the increased limits, I had to constantly juggle multiple payments using different credit cards for larger expenses like flights and hotels. Now with the increased e-wallet cap and spending limits, I can easily handle the booking of flights and group expenses, with everyone benefiting from the convenience and savings YouTrip offers!”

Alongside the increased wallet limits, YouTrip is dedicated to user security, with a slew of new anti-scam prevention measures introduced to further protect users against fraudulent and unauthorised activities.

With these new robust security features, YouTrip empowers users to limit the risk exposure of their funds and prevent scammers from making fraudulent transactions should they gain unauthorised access to the users’ phones and YouTrip accounts.

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