Singapore – Singapore fintech firm YouTrip is pushing deeper into family finance with the launch of YouTrip Family, a new product allowing children aged seven and above to hold their own travel cards and digital wallets under parent-managed accounts.
Under the scheme, parents can create up to 10 child accounts within the YouTrip app, giving children access to physical payment cards while allowing adults to monitor transactions, top up balances, lock cards, and customise spending permissions in real time.
“At YouTrip, innovation has always started with listening closely to what our users need in their everyday lives,” said Caecilia Chu, Co-Founder and CEO of YouTrip.
“YouTrip Family felt like a very natural next step as we guide our children to smarter and more relevant ways of spending,” she said.
Children using YouTrip Family will have access to the same exchange rates and zero foreign exchange fee structure available to adult users across more than 150 countries.
Depending on parental controls, they may also conduct peer-to-peer transfers, overseas ATM withdrawals, online purchases, and in-app currency exchanges within predefined limits.
Unlike traditional junior bank accounts, YouTrip Family is built around a parent-controlled structure linked through Singpass verification. Parents remain the primary account holders and retain approval authority over onboarding, spending permissions, and security authentication.
Children are not required to download the YouTrip app to use the card, although they may access balances and transaction histories through login credentials tied to their own mobile number and email address.
The company said the service will launch at no additional fee, with one physical card issued per child account.
Originally built around multi-currency spending and overseas payments, the platform has benefited from the sharp rebound in regional tourism and outbound travel across Asia since border reopenings.
At launch, YouTrip Family is available to Singapore citizens. Permanent residents and other Singapore-based pass holders are expected to gain access from September.
