“Can a Southeast Asia multi-currency wallet own the cross-border payments stack for both consumers and SMEs in APAC?”
Founded 2016 and launched in 2018 as a consumer multi-currency travel wallet in Singapore, partnering with EZ-Link and Mastercard. In 2019, it obtained its own Mastercard Principal License and became a direct card issuer / stored value facility holder — a critical infrastructure move that let it own more of the FX and card economics. Post-Series A (2021), it added a B2B corporate card and multi-currency business account (YouBiz), pivoting from pure consumer travel wallet to a broader Asia-Pacific cross-border payments platform for both consumers and SMEs. Now processes >$15B annually with expansion across Southeast Asia and Australia.
YouTrip discloses You Technologies Group (in-house) and KASIKORNBANK (Thailand co-brand) as its banking providers, according to the Embedded Finance Index 2026.
YouTrip does not disclose a bank charter of its own; its banking services are provided through You Technologies Group (in-house) and KASIKORNBANK (Thailand co-brand).
YouTrip processes payments through YouTrip (self-operated).
YouTrip's cards are issued through YouTrip (self_issued) on the Mastercard network.
YouTrip uses Onfido for KYC and identity verification.
YouTrip uses Mastercard FX (wholesale rate) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 6 layers in YouTrip's stack: Payments / PSP (YouTrip (self-operated)); Banking / BaaS (You Technologies Group (in-house) and KASIKORNBANK (Thailand co-brand)); Card issuing (YouTrip (self_issued)); Card network (Mastercard); KYC (Onfido); FX & payouts (Mastercard FX (wholesale rate)).
YouTrip is founded in 2016 and headquartered in Singapore.
YouTrip has raised $105.5M in total (latest round: Series B, 2023).
Get a read on where your own stack stands against YouTrip and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.