Mobile Wallet YouTrip to Double Local Workforce
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The company will be adding over 50 new hires in Singapore across engineering and product development by 2022.
YouTrip has announced plans to grow its technology capabilities and product development to capture the rise of the multi-currency payments landscape.
The Singapore-headquartered company will be establishing an innovation lab in the country to drive the development of a new suite of multi-currency products and features, according to an announcement on Wednesday.
Among them are a new suite of products including YouTrip Business, a new multi-currency corporate credit card and a refresh of its consumer app, which will include new features such as a virtual card, an interactive exchange rates dashboard, exclusive deals, and the ability to hold more popular currencies.
YouTrip intended to tap on booming travel among people in Southeast Asia when it was launched in 2019. And despite the travel standstill, the company has seen significant growth in online overseas spending
With this shift in spending, our advancement in innovation to offer a wider suite of multi-currency is timely, and drives our goal of elevating the cross-border payment experience for our users.
Questions & Answers
Q.Which specific areas will YouTrip be focusing on when hiring new staff in Singapore?
Which specific areas will YouTrip be focusing on when hiring new staff in Singapore?
YouTrip plans to add over 50 new hires across engineering and product development. This expansion aims to enhance the company's technology capabilities and support the creation of new multi-currency products and features, aligning with their growth strategy.
Q.What new products and features will YouTrip be introducing as part of its development plans?
What new products and features will YouTrip be introducing as part of its development plans?
New offerings include YouTrip Business, a multi-currency corporate credit card, and a refreshed consumer app. The app will gain features like a virtual card, an interactive exchange rates dashboard, exclusive deals, and the ability to hold more popular currencies.
Q.What is the purpose of the innovation lab YouTrip is establishing in Singapore?
What is the purpose of the innovation lab YouTrip is establishing in Singapore?
The innovation lab will drive the development of a new suite of multi-currency products and features. This initiative supports YouTrip's goal of expanding its offerings and enhancing the cross-border payment experience for its users.
Q.How has YouTrip's business performed given the decline in international travel since its launch?
How has YouTrip's business performed given the decline in international travel since its launch?
Despite the travel standstill, YouTrip has experienced significant growth in online overseas spending. This shift in consumer behaviour has prompted the company to advance its innovation to offer a wider suite of multi-currency options.
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