Mastercard, EZ-Link and fintech You Technologies launch the multi-currency mobile wallet


"YouTrip" allows users to pay in over 150 currencies.

The contactless card issuer EZ-Link, Mastercard and the fintech startup based in Hong Kong You Technologies have tied up to launch & # 39; YouTrip & # 39 ;, a multi-currency wallet mobile that can handle transactions in over 150 currencies.

See also : Mobile payment challenges security issues after gaining ground in Singapore

YouTrip is a mobile wallet that comes with a prepaid Mastercard prepaid card issued by EZ-link. You Technologies Group has contributed to the development of technology that allows users to pay in over 30 million Mastercard merchants worldwide.

With YouTrip, users can abolish fees associated with currency exchange with banks, money changers and foreign bank card transactions, as well as online conversion and transaction fees commonly incurred during cross-border payments.

"By partnering with You Technologies Group and Mastercard, we aim to translate the transformative power of disruptive financial technologies into compelling savings, convenience and security for our customers," said Nicholas Lee, CEO of EZ-Link Pte Ltd ..

The mobile wallet also allows users to monitor exchange rates in real time and store up to 10 selected currencies (SGD, HKD, JPY, AUD, NZD, EUR, GBP, CHF, USD and SEK) in their portfolio at preferential rates at no additional cost.

With YouTrip SmartExchange technology, users can also use the remaining currencies to pay in any of the 150 or more currencies during their next trip abroad or when they are in Singapore, as the app will be automatically convert the remaining currencies to wholesale exchange rates at no additional cost.

Users can register for a YouTrip account for free and with no minimum account balance or card commissions. The top-up of the YouTrip wallet in SGD with any debit or credit card is free and each account can hold up to $ 3,000.

[ad_2]Source link