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Singapore's YouTrip says it has cash reserves to endure pandemic

With most users ages 24-39, YouTrip has amassed over 500,000 downloads in Singapore and is aiming for 400,000 users in Thailand within a year. (Source photo from YouTrip website)

DYLAN LOH, Nikkei staff writer

June 2, 2020 17:20 JST

SINGAPORE -- Singapore's You Technologies Group says strong cross-border e-commerce sales have kept its multi-currency digital wallet YouTrip popular with consumers during the coronavirus pandemic.

Pitched mainly at international travelers, YouTrip allows users to buy foreign currencies without having to pay expensive commissions charged by banks and money-changers.