Singapore’s YouTrip launches its multi-currency wallet in Australia

December 2, 2025• byStaff Writer

YouTrip will also be building an Australian team to supplement its operations

Singapore-based multi-currency wallet YouTrip has launched operations in Australia today (Dec 2), marking its first geographic expansion since the COVID-19 pandemic. This move means Australians can now create accounts on YouTrip’s platform and use its payment processes across borders.

YouTrip first entered the region with its launch in Singapore in 2018, followed by Thailand in 2019. The company, which processes over US$15 billion in annual payment volume, cited Australia’s high cross-border spending, strong digital adoption, and demand for better foreign-exchange (FX) value as key factors behind its decision to enter the market.

The app is now available nationwide on the Apple App Store and Google Play Store. YouTrip said its FX payment infrastructure will provide Australian users with real-time mid-market exchange rates and no foreign-exchange fees, which could save up to 4% on overseas spending compared with conventional cards and money changers.

The move also underscores YouTrip’s ambition to grow its geographical footprint from its headquarters in Singapore. As part of its entry into Australia, the company is also building a local team across operations, marketing, finance, compliance, and customer support.

“Our expansion into Australia… is a strong validation of our payment innovation and the scalability of the infrastructure we have built,” said Caecilia Chu, CEO and co-founder of YouTrip.

“[It] aligns with our long-term strategy as Asia Pacific’s leading cross-border payments platform, and Australia marks the start of our accelerated expansion plan into other high-FX markets across the region.”

YouTrip has raised more than US$110 million to support its technology development and market expansion. It targets Australia’s “active outbound travel market”—over 12.3 million Australians travelled overseas in the last 12 months, contributing to more than A$50 billion in international leisure spending, according to data cited by the company.