{"id":38762,"date":"2022-05-11T09:30:00","date_gmt":"2022-05-11T01:30:00","guid":{"rendered":"https:\/\/www.you.co\/sg\/?p=38762"},"modified":"2023-11-06T12:19:01","modified_gmt":"2023-11-06T04:19:01","slug":"introducing-youbiz","status":"publish","type":"post","link":"https:\/\/www.you.co\/sg\/blog\/introducing-youbiz\/","title":{"rendered":"Introducing YouBiz, The Smartest Corporate Card For SMEs To Earn Unlimited Cashback And Save On FX Fees"},"content":{"rendered":"\n

YouBiz, by YouTrip and Mastercard, gives companies the most rewarding corporate payment solution with unlimited cashback on all spending, a multi-currency expense management platform \u2014 and zero foreign currency transaction fees.<\/strong><\/h2>\n\n\n\n
<\/div>\n\n\n\n

Meet YouBiz, our brand new business product launched today. Powered by Mastercard\u00ae, YouBiz is the best corporate card for enterprises to earn unlimited cashback and save with zero foreign exchange fees. Integrated with the card is also a unified control centre that brings together multi-currency accounts, local and domestic transfers, expense management and credit features \u2014 all into a single hub. <\/p>\n\n\n\n

This development follows YouTrip\u2019s recent US$30 million Series A funding<\/a> and solidifies its position as the leading fintech company in Southeast Asia offering both B2B and B2C financial services. <\/p>\n\n\n\n

The launch of YouBiz comes at a time when SMEs are revamping the way they operate. More than 70% of businesses have adopted digital tools and are trading with global vendors and suppliers to stay competitive. As the world opens up, one in three SMEs has also expressed confidence in accelerating their overseas expansion plans. This is set to further drive the US$35 trillion global cross-border B2B payments market.

Co-founder and Chief Product Officer of YouTrip Arthur Mak said, \u201cThe concept of borders has blurred during the pandemic as SMEs increasingly do business internationally. Their cross-border payment needs are definitely going to rise \u2014 yet, many of their financial needs remain unmet due to the lack of a tailored financial solution. Our continued partnership with Mastercard empowers us to establish YouBiz as a valuable and reliable partner for SMEs to grow beyond borders. Promising efficient and purpose-built financial solutions at the best value, we help businesses save time and cost as they focus on scaling worldwide.\u201d<\/p>\n\n\n\n

<\/div>\n\n\n\n
<\/div>\n\n\n\n

More Funds On Hand With YouBiz\u2019s Unlimited Cashback And Zero FX Fees <\/strong><\/h2>\n\n\n\n
<\/div>\n\n\n\n
\"Introducing<\/figure>\n\n\n\n
<\/div>\n\n\n\n

Busy business owners want payment products that streamline and save on everyday business operations. The YouBiz card delivers on these demands by offering SMEs unlimited cashback on all spending with no cap – eliminating the need to manage and optimise their spending types. Together with savings from YouBiz\u2019s zero foreign currency transaction fees, companies can rack up additional funds to power other business operations. <\/p>\n\n\n\n

Spending and managing individual employee expenses is also convenient with YouBiz\u2019s ability to generate physical and unlimited virtual cards for payments at more than 80 million Mastercard merchants worldwide, online and in-store. This not only reduces the risk of card-sharing, custom spend limits on each card also prevent employees from overspending. <\/p>\n\n\n\n

<\/div>\n\n\n\n
<\/div>\n\n\n\n

Multi-Currency Services To Prepare SMEs For The Global Market    <\/strong><\/h2>\n\n\n\n
<\/div>\n\n\n\n
\"\"<\/figure>\n\n\n\n
<\/div>\n\n\n\n

Beyond payments, YouBiz allows SMEs to receive, hold and spend in nine currencies currently and make an immediate exchange at competitive rates and no fees. Doing business is also easier than ever with free local transfers and low, transparent pricing for international remittance. All transactions are delivered and streamlined in YouBiz\u2019s unified control centre, making expense management and reconciliation a seamless process. <\/p>\n\n\n\n

Having quick access to working capital is crucial as companies scale up. In light of that, YouBiz is also introducing a credit facility that offers flexible business financing to SMEs. Combining transactional data and machine learning, YouBiz allows businesses to obtain unsecured and collateral-free term loans with no hidden or early repayment fees. The application is fuss-free and loans are disbursed seamlessly into the YouBiz account within 48 hours.<\/p>\n\n\n\n

To help SMEs unlock more opportunities in the global economy, YouBiz has also partnered with market leaders such as Google Ads to give them direct support for digital marketing services, and established travel partners like Agoda, Booking.com and Qatar Airways on additional savings for travel expenditure, especially as business travel resumes. <\/p>\n\n\n\n

<\/div>\n\n\n\n
\"Introducing<\/figure>\n\n\n\n
<\/div>\n\n\n\n

\u201cWe\u2019ve invested heavily in building our multi-currency technology infrastructure and obtaining a full set of licences for YouBiz. Having this control over our value chain enables us to offer the most customisable and cost-effective financial solutions for businesses. We look forward to partnering closely with SMEs to innovate and customise our offerings to meet their shifting demands,\u201d added Arthur.<\/p>\n\n\n\n

\u201cPartnering with YouTrip on this innovative product will complement the work Mastercard has already done to help SMEs drive their overall digital transformation and harness the opportunity of the rapid growth in online marketplaces. As these digital merchants expand their business across borders, they will come to recognize both the competitive advantage and the savings they will enjoy from zero foreign exchange fees, unlimited cashback, integrated expense, and cash flow management,\u201d said Deborah Heng, Country Manager, Mastercard, Singapore. <\/p>\n\n\n\n

\u201cYouBiz also comes at a fitting time with the recent uptick in global travel and accelerated e-commerce growth, further supporting SMEs to scale and transact easily, both locally and abroad,\u201d she added.  <\/p>\n\n\n\n

<\/div>\n\n\n\n
\n
Sign Up Now<\/strong><\/a><\/div>\n<\/div>\n\n\n\n
<\/div>\n\n\n\n
<\/div>\n\n\n\n

Join The YouBiz Family<\/strong><\/h2>\n\n\n\n
<\/div>\n\n\n\n
\"Introducing<\/figure>\n\n\n\n
<\/div>\n\n\n\n

Signing up for a YouBiz account and card is free and does not require any minimum account balance or card fees. Businesses can start creating their YouBiz card and account here<\/a><\/strong>.<\/p>\n\n\n\n

For more about YouTrip and the YouTrip card, read this<\/a>. Haven’t gotten your YouTrip card yet? Sign up now and be sure to check out our YouTrip Perks<\/a> page for exclusive offers and promotions too! For more great tips and articles like this, join our Telegram(@YouTripSG)<\/a> and subscribe to our free weekly newsletter here<\/a> or down below! <\/p>\n\n\n\n

And while you\u2019re at it, why not join the conversation with thousands of #YouTroopers in our very own Community Telegram Group @YouTripSquad<\/a>? Get tips and tricks to everything YouTrip including exclusive invites to exciting events and experiences, & be part of the #YouTripSquad! \ud83d\udc9c<\/p>\n\n\n\n

<\/div>\n\n\n\n

Related Articles:<\/strong><\/p>\n\n\n\n

YouTrip Perks: Unlock Even More Savings From Your Favourite Local & International Brands<\/strong><\/a>
Here\u2019s Everything You Need to Know About YouTrip (2022)<\/strong><\/a>
Best YouTrip Perks Deals in Singapore 2022<\/strong><\/a><\/p>\n\n\n

\n
\"YouTrip<\/a><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"

Introducing YouBiz.<\/p>\n","protected":false},"author":104,"featured_media":38933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[621,13],"tags":[39296,39294,39293,39295],"class_list":["post-38762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-foreign-exchange","category-product","tag-corporate-spending","tag-new-launch","tag-youbiz","tag-youtrip-product"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/posts\/38762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/users\/104"}],"replies":[{"embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/comments?post=38762"}],"version-history":[{"count":0,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/posts\/38762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/media\/38933"}],"wp:attachment":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/media?parent=38762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/categories?post=38762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/tags?post=38762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}