{"id":699393,"date":"2026-05-28T05:43:09","date_gmt":"2026-05-28T05:43:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/699393\/"},"modified":"2026-05-28T05:43:09","modified_gmt":"2026-05-28T05:43:09","slug":"youtrip-launches-new-family-product-plans-growth-into-more-markets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/699393\/","title":{"rendered":"YouTrip launches new family product, plans growth into more markets"},"content":{"rendered":"

Children\u2019s accounts allow parents to cap and track spending \u2013 including while overseas<\/p>\n

[SINGAPORE] Fintech YouTrip, which runs a multi-currency mobile payment platform, has launched a new product for families, allowing parents to get a mobile wallet and debit card for their children.<\/p>\n

YouTrip Family offers up to 10 children\u2019s accounts for each parent\u2019s account; parents can cap and track their children\u2019s spending. These children\u2019s accounts have the same features as a regular adult account, including forex for travel or online use.<\/p>\n

The idea for the product had its seeds in the experience that YouTrip co-founder and CEO Caecilla Chu had with her children. Her son was going on a school trip to Beijing in 2025, and had asked for some travel money.<\/p>\n

She said: \u201cWow, I have been solving this problem for seven years, and yet, I had to go to the money changer to get some yuan for him because there was honestly no other way.\u201d<\/p>\n

A key difference between YouTrip Family and what the traditional banks offer for children is the facility to spend overseas, she said.<\/p>\n

Children with accounts in YouTrip Family are given their own travel card and mobile wallet experience, and so are introduced to foundational money management skills such as budgeting, spending awareness and financial decision-making, YouTrip said in a statement on Thursday (May 28).<\/p>\n

For now, the product will be available only in the Singapore market; plans have been made to launch it in YouTrip\u2019s other markets, Thailand and Australia, after.<\/p>\n

Chu said that YouTrip Family will also help the fintech to understand and engage with future spenders, \u201cbecause in 10 years\u2019 time, they will be the main spenders and earners in the Singapore market\u201d.<\/p>\n

For now, parents looking to start an account for their child will need to use their SingPass to do so. There will be an option to graduate a children\u2019s account to an adult one when the child is at least 15 years old.<\/p>\n

SEE ALSO<\/p>\n

\"The<\/a><\/p>\n

This is the first of a slew of features that YouTrip is looking to launch for customers, with group spending and travel next on the list, said Chu. The new features will include facilities for group budgeting and bill splitting, slated for launch in the third quarter of 2026.<\/p>\n

These features will be launched in Singapore, YouTrip\u2019s home market, first.<\/p>\n

Aside from such features, YouTrip plans to expand to two other new markets in the next 12 months. Chu did not say which markets these were, but disclosed that the relevant licences have been obtained.<\/p>\n

Meanwhile, the fintech is still building its user base in its Thai and Australian markets, she said, though she declined to share the user-growth numbers there.<\/p>\n

Rising oil prices<\/a> have not quite affected YouTrip\u2019s business so far, she said, because its Singapore customers are choosing destinations closer to home \u2013 such as Malaysia, Thailand and Hong Kong \u2013 rather than Europe.<\/p>\n

The focus for Chu is to continue growing YouTrip in Singapore, Thailand and Australia; this includes rolling out more features to increase market penetration.<\/p>\n

She is also focused on keeping the company\u2019s culture intact as the fintech scales up its teams in its existing markets.<\/p>\n

\u201cNo matter how much we have grown, we still want to make sure we do our job well for our users,\u201d she said.<\/p>\n

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.<\/p>\n","protected":false},"excerpt":{"rendered":"Children\u2019s accounts allow parents to cap and track spending \u2013 including while overseas [SINGAPORE] Fintech YouTrip, which runs…\n","protected":false},"author":2,"featured_media":699394,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[64,63,17567,203,340727,105,253053],"class_list":["post-699393","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-au","tag-australia","tag-fintech","tag-mobile","tag-singapore-fintech","tag-technology","tag-youtrip"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/699393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=699393"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/699393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/699394"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=699393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=699393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=699393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}