Singapore-based fintech company YouTrip, best known for its multi-currency travel wallet, launched in Australia on Tuesday.

This is the platform’s first entry into a new country since the pandemic, having built its user base mainly in Singapore and Thailand. YouTrip said it processes about $15 billion in payments each year and has raised more than $110 million so far. In 2023, it raised $50 million led by Lightspeed Venture Partners.

This move to Australia is logical for the travel payments company. Outbound travel has picked up in Australia. For the year ending May 2025, outbound travel from Australia surged by 12.5% to 12.21 million trips, driven by a strong appetite for travel across Asia. 

According to a new research from financial services company ING, Australian travelers are now putting aside much more for international holidays, with the average person budgeting about AUD 7,310 ($4790) for a two-week trip abroad. That combina