YouTrip opens third market in Australia, reinforcing its leadership in APAC, aiming for an IPO within three years.

YouTrip celebrates its sixth anniversary by announcing the launch of Australia, its third market, following Singapore and Thailand. The company is moving forward with its accelerated growth plan to reinforce its position as a leader in cross-border payments in the APAC region. It aims to launch two more countries in 2026, before an IPO on the US stock market within three years.

Bangkok, December 2, 2025 – YouTrip, the leading multi-currency digital travel card provider in Asia Pacific, is celebrating its sixth anniversary, having launched in Singapore in August 2018 and Thailand in November 2019. The company also announced the official launch of Australia, marking YouTrip's third and first new market expansion since the COVID-19 pandemic. This launch marks a significant step in its Accelerated Growth strategy to become the leading cross-border payments platform in the APAC region.

Ms. Chuthasri Kuwinichkul, Co-Founder YouTrip Thailand YouTrip was founded with the commitment to providing a more affordable, accessible, and convenient cross-border payment experience for travelers. Since its launch in Thailand in 2562, YouTrip has helped Thais make international spending more cost-effective and seamless, with the best exchange rates in the market and no currency conversion fees (0% FX Fee).

The expansion of our services to Australia, a market with high potential for tourism and international spending, is a testament to the strength of our payment innovation and our ability to build on our continuously developed infrastructure.

This launch is also in line with our long-term strategy to become the leading cross-border payments platform in Asia Pacific, with Australia serving as the starting point for our accelerated expansion into countries with high FX transaction demand.

Australia has a GDP per capita of up to $60,000, which is a large market suitable for the company's scaling game strategy, compared to Thailand's GDP per capita of around $20,000 and Singapore's $150,000.

Australia was also selected as Youtrip's third strategic market due to its high potential for international spending. Out of a population of 28 million, Australians travel overseas annually, with an estimated annual spending of A$50 billion (approximately 1.05 trillion baht).

“Australians have a long travel culture, averaging around 15 days per trip, which is longer than Singaporeans and Thais who average 6-7 days per trip. Australians still face high exchange rates and hidden fees. With YouTrip's unique technology, travellers can access real-time mid-market rates with no fees and save up to 4% on overseas spending compared to using a credit card.”

Launching ahead of the Christmas travel season, YouTrip offers travelers another option with its “mates rates, no fees” strategy. For example, exchanging AUD 1,000 will earn you over AUD 40 more in foreign currency, compared to competitors like the Japanese yen, which is ¥4,105 more.

YouTrip also enhances the experience with additional features such as:
• Earn 2% cashback on international spending (capped at AUD40 per month) for the first 5 months.
• Free cash withdrawals worldwide, up to AUD 1,500 per month.
• Easily exchange and lock in future rates for 10 currencies (AUD, USD, EUR, GBP, SGD, HKD, JPY, CHF, CAD, NZD) in one app.

Ms. Chuthasri added that over the past six years, YouTrip has earned the trust of millions of users. With a total cross-border transaction volume of more than 15,000 billion US dollars per year, or approximately 483,000 billion baht. With operations in Singapore and Thailand, Youtrip has seen average double-digit growth in transaction volume year-on-year, with spending in the current year exceeding the entire previous year, even before peak travel season.

“Thailand is a key market for YouTrip's growth. Despite Thailand's slow GDP growth, travel is seen as an essential expense. People still travel, but they tend to save more. Nine out of 10 YouTrip users exchange money in advance to control exchange rates.”

YouTrip was founded with the mission to provide travelers with a more affordable, accessible, and convenient cross-border payment experience. Its success in the Singapore and Thai markets has earned YouTrip the recognition of being the #1 payment method for travelers.

Ms. Juthasri added that YouTrip has raised over US$110 million in total funding, with its latest Series B round led by leading global venture capital firm Lightspeed Venture Partners, a testament to its commitment to revolutionizing digital financial services in the APAC region.

The company has been profitable since 2566. Past successes in both Singapore and Thailand have proven that travel is an essential expense, and YouTrip can thrive against the market even in tough economic times.

However, YouTrip aims toEnter the IPO market when the market can be expanded to cover 5 countries.  After marketing in Australia, it will be launched in 2 more countries in 2569. If the expansion goes according to plan, it is expected that the IPO may happen in a time frame of 2 to 3 years or around 2027, but the exact time cannot be determined, it must consider the market cycle and readiness.

"To be eligible for capital raising on the stock market, a company must be sufficiently large. Once it has expanded to five markets, it's expected that annual transaction volume may double from the current level. However, we haven't yet decided when the company will be listed. Regarding which market it will be listed on, we believe the largest capital market in the world, covering more than half the world, is the US, such as the NASDAQ and NYSE. The goal is for users around the world to own the company."

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