YouTrip, a Singapore-based multi-currency digital wallet, has launched a Malaysian Ringgit (MYR) wallet feature for its users in Singapore.
This addition allows customers to exchange Singapore dollars (SGD) for MYR and store the currency within the YouTrip app.
This feature aims to help users manage their funds for travel to Malaysia by enabling them to lock in exchange rates in advance with no hidden fees or FX markups.
YouTrip observed increased MYR conversions by users when the exchange rate became more favourable recently, including a 130% spike on 9 April when the MYR weakened to 3.33 against the SGD, suggesting users monitor rates before travelling. The feature follows a progressive rollout.
To coincide with the launch, YouTrip is offering complimentary bus rides across the Causeway between Singapore and Johor Bahru on weekends from 19 April to 11 May.
The service will run between Kranji MRT station and Mid Valley Southkey mall.
Additionally, a cashback promotion offers 3% back on MYR spending for the first 5,000 users who meet a minimum cumulative spend of S$200, capped at S$9 per user.
Until 17 June, further cashback incentives of up to 10% are available for in-store purchases at partner retailers in Malaysia, including JD Sports, CARiNG Pharmacy, Decathlon (selected outlets only), and Lotus’s, subject to terms and conditions.
Kelvin Lam, Chief Operating Officer of YouTrip, said,
“At YouTrip, we are dedicated to providing users with a seamless and rewarding cross-border payment experience. We’re excited to offer our users greater control and flexibility with the ability to lock in MYR exchange rates through our in-app walet.
Launching this highly anticipated feature alongside complementary perks like the free bus rides and cashback was a deliberate decision to deliver even more value, convenience and rewards to users, further reflecting our commitment to making every journey more cost-effective and enjoyable.”
