YouTrip launches in Thailand, gojek to start test runs in Malaysia
Singapore-based multi-currency travel wallet makes its international debut with a launch in Thailand, under a partnership with Kasikornbank.
Claiming to be the first partnership of its kind between fintech startup and a bank in Thailand, the bank’s customers are now able to register for YouTrip’s service via the K PLUS app and will be able to enjoy zero transaction fees across over 150 currencies as they travel globally.
YouTrip aims to sign up over 400,000 users within its first year in Thailand.
“We are really excited to be launching in a new market, and cannot wait to replicate the same level of success in Thailand that we’ve enjoyed in Singapore over the past year. We see great synergies betweenKasikornbank and YouTrip and are delighted that this partnership is the first bank-fintech partnership of its kind in Thailand. This proves that the Thai market is ready for a product like YouTrip, and we are ready to deliver,” said Caecilia Chu, Co-Founder and CEO of YouTrip, in a press statement.
Malaysia’s Minister of Transport Anthony Loke Siew Fook announced that motorcycle-based ride-hailing companies such as Indonesia’s gojek and local player Dego Ride will be able to start operations on a limited scale from January 2020, Reuters reported.
The pilot project will be limited to Klang Valley although the government would consider expansion to other areas if there was demand.
Set to run for six months, the pilot will allow the government and participating companies to gather data and evaluate demand, while the government works on drafting regulations related to motorcycle-based ride-hailing services.
Indian edutech startup Gradeup announced that it has raised US$7 million from Times Internet, TechNews reported.
Being the only external investor in the startup, Times Internet invested US$7 million in a Series A funding round and a US$3 million in seed funding round.
The Noida-based startup provides exam preparation platform for undergraduate and postgraduate level courses. Features in the platform included a chatroom for consultation with the teacher and a “student success rate” team that follows up with students to see if they have any difficulties in their learning process.
Ant Financial Services Group, the company behind China’s top e-payment platform Alipay, today announced that it will give foreign visitors in China access to the service for the first time, South China Morning Post reported.
The service will allow visitors up to 90 days’ usage of its Alipay app without requiring it to be tied to a Chinese bank account.
In the status quo, foreign visitors are prevented from using the service as their e-wallets must be tied to a local phone number and bank account.
Foreign visitors are barred from using any of China’s mobile payment systems because their e-wallets must be linked to a local phone number and Chinese bank account.