YouTrip, Singapore’s leading multi-currency mobile wallet, has launched YouTrip Family, a new product that gives children aged 7 to 18 their own travel card and mobile wallet experience, with full parental controls and the same zero-FX-fee rates available to adult users across more than 150 countries.

Built Around Financial Literacy, Not Just Payments

YouTrip Family is designed to introduce children to foundational money management skills — budgeting, spending awareness, and financial decision-making — through real-world payment experiences rather than classroom instruction. The product is positioned as a response to the growing number of children travelling overseas independently through school trips, exchange programmes, and cultural immersion experiences, where exposure to foreign currencies becomes a practical entry point for financial education.

Parents can create and manage up to 10 child accounts at no additional fee, with each child receiving a physical YouTrip card. Account setup is done through the parent’s YouTrip app using Singpass verification. Multiple children can be onboarded simultaneously, and parents are required to activate each child’s card on their behalf.

“YouTrip Family felt like a very natural next step as we guide our children to smarter and more relevant ways of spending. It bridges the gap we notice about traditional allowances and the digital world we live in today and gives parents a modern and secure way to introduce digital spending habits early, while helping children build financial independence at a young age, whether it’s at home or while travelling.” — Caecilia Chu, Co-Founder and CEO, YouTrip

Parental Controls With Room for Independence

Through the YouTrip app, parents can top up their children’s accounts, set low balance alerts, track transactions in real time, customise spending restrictions, and instantly lock cards when needed. Depending on permissions set by parents, children can perform peer-to-peer transfers, overseas ATM withdrawals, online transactions, and in-app foreign currency exchanges, each subject to predefined daily limits.

Children are not required to download the YouTrip app to use their cards, but may choose to do so to view balances and transaction history. Any app login by a child requires two-factor authentication approval via the parent’s YouTrip app.

Availability and Eligibility

At launch, YouTrip Family is available to Singapore Citizens only. Permanent Residents and other Singapore-based pass holders will be able to apply starting September 2026. The product is free, with one physical card issued per child for up to 10 children under a single parent account.

YouTrip processes over US$15 billion in total payment value annually and has raised over US$110 million to date, including a Series B round led by Lightspeed Venture Partners. The company was named a World Economic Forum Global Innovator in 2025 and featured on CNBC’s World’s Top Fintech Companies list in both 2024 and 2025.