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YouTrip joins force with Kasikornbank to launch the Truly No Fees multi-currency e-wallet for Thai travellers

Author: Theodore Koumelis / Date: Wed, 11/06/2019 - 09:08
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Mobile application specially crafted for travellers to exchange currencies and manage payment seamlessly, with a free Contactless Prepaid Mastercard.

Bangkok, Thailand - YouTrip, a Multi-Currency Travel Wallet in Singapore, partners with Kasikornbank to launch Multi-Currency Travel Wallet in Thailand. This partnership marks the first-of-its-kind FinTech collaboration in Thailand to allow travellers to pay overseas with the best exchange rates. YouTrip offers travellers the “Truly No Fees” travellers’ payment experience - with no 2.5% exchange fees, no issuance fees, and no annual fees – for payment in over 150 currencies, with better exchange rates than exchange kiosks and other banks.

YouTrip offers a mobile application specially crafted for travellers, that comes with a Contactless Prepaid Mastercard. Users can exchange 10 selected currencies conveniently in app anytime before making a purchase, or simply rely on the SmartExchange automated currency exchange technology, to pay in over 150 currencies with YouTrip Mastercard. To empower travellers with secure payment protection, YouTrip also provides instant notification for all transactions, and real-time card blocking in case of card loss. YouTrip also allows cash withdrawal from overseas ATM at the same competitive exchange rates, with 24-hour customer service support. 

The partnership between YouTrip and Kasikornbank is the first-of-its-kind innovation between a leading regional FinTech startup and a leading bank in Thailand. With Kasikornbank’s digital banking experience and YouTrip’s travel wallet expertise, the collaboration aims to provide users an intuitive payment experience to pay like a local when travelling overseas. YouTrip and Kasikornbank aim to sign up 400,000 users within the first year.

President of Kasikornbank, Mr. Patchara Samalapa states “KBank sees strong potentials in YouTrip, which enjoys great success as the leading Multi-Currency Travel Wallet in Singapore. We also believe in foreign exchange market which is benefited by 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. As a “Powered by KBank” project, the seamless integration between YouTrip and K PLUS delivers the best experience for Thai travellers. With real time card blocking and security features built in YouTrip, travellers can enjoy a peace of mind when travelling.”

Ms. Juthasree Kuvinichkul, Founding Partner of YouTrip Thailand, stated “Kasikornbank is a leading bank entrusted by local Thai people with expertise in digital banking and currency exchange. With the seamless integration with K Plus, YouTrip delivers not only a “Truly No Fees” travel wallet with competitive exchange rates, but also a secured experience with fully digital sign up and top up processes. With the launch of YouTrip, Thai travelers will now have the most affordable options to pay with the best exchange when overseas.” 

“Mastercard and YouTrip share the same desire which is to deliver a seamless and convenient payment solution for travelers no matter where and how often they travel. Through this partnership, Mastercard wants to expand user access to YouTrip’s Mulit-Currency Travel Wallet in markets outside of Singapore and are excited to partner with YouTrip to elevate the experience of Thai travelers.” said Ms. Aileen Chew, Country Manager of Thailand and Myanmar, Mastercard.

ABOUT THE AUTHOR

Theodore Koumelis

Co-Founder & Managing Director

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.