YouTrip rolls out overseas transfer feature for Singapore users

Users of multi-currency mobile wallet YouTrip can now make overseas transfers to recipients in more than 40 countries.

In a blogpost on March 3, YouTrip said the countries include Malaysia, Indonesia, the Philippines, Britain and the United States.

A transfer fee will be charged, which would vary depending on the type of transfer, currency and amount being sent, and the chosen payment method, said YouTrip.

It added that the transfer can happen instantaneously or within the same day for "more popular currencies" sent via money transfer or mobile payment services DuitNow in Malaysia, GCash in the Philippines and UPI in India.

A check of the YouTrip app on March 4 by The Straits Times shows that transferring $1,000 from Singapore to Malaysia would incur a fee of $3.28.