YouTrip’s Thailand Launch marks YouTrip’s first overseas market for consumers outside of Singapore and Thailand’s first ever bank-fintech partnership.
As you may have seen in the news, we have just launched our Thailand services on 5 November 2019 through a partnership with one of Thailand’s leading banks, Kasikornbank (KBank)! 🇹🇭
This is YouTrip’s first overseas market for travellers outside Singapore, following YouTrip’s record US $25.5 million pre-series A fundraise in May 2019, the largest pre-series A raise for a Southeast Asia-based fintech startup.
Our YouTrip Thailand Launch also marks a momentous milestone – the first ever bank-fintech partnership in Thailand! 🎉
Caecilia Chu, Co-Founder and CEO of YouTrip, said: “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,” Caecilia continued. “This proves that the Thai market is ready for a product like YouTrip, and we are ready to deliver.””
Patchara Samalapa, President of Kasikornbank, states: “KBank sees strong potential in YouTrip, which enjoys great success as the leading Multi-Currency Travel Wallet in Singapore.”
“The successful partnership with YouTrip to co-develop YouTrip mobile application and contactless Mastercard is further supported by KBank’s strong operational platform,” he added.
Kbank’s 11.6 million online customers can now register for YouTrip in less than 3 minutes via their K PLUS app, and can enjoy the same zero transaction fees across over 150 currencies as they travel globally. There are also no exchange fees, issuance fees or annual fees.
Juthasree (June) Kuvinichkul, Founding Partner of YouTrip Thailand, said: “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.”
June further shared that with the launch of YouTrip in Thailand, Thai travellers will now have the most affordable options to pay with the best exchange rates when overseas!
Prior to YouTrip, June was a Founding Partner of Grab Thailand where she scaled the company into a portfolio of services. With over 15 years leading her family business group and companies in various industries, June now oversees market and partnership development in YouTrip Thailand.
Ms. Aileen Chew, Country Manager of Thailand and Myanmar, Mastercard, said: “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 travellers.”
Since its launch in Singapore, YouTrip has processed more than a whopping 10 million transactions in a year! YouTroopers have also proven to be the most well-travelled bunch, flying through 166 countries across 6 continents and transacting in 112 different currencies thus far. Impressive! 🌎✈️
Enjoy a worldwide fees-less travel experience!