Already popular across Asia, YouTrip takes on Wise, Revolut and the major banks with real-time exchange rates and zero FX fees, eliminating the hidden mark-ups most cards still charge.

This marks the company’s first expansion after the COVID-19 pandemic, offering Aussies a smarter, more cost-efficient way to travel, providing mates rates, no fees, all day, and up to 4% extra savings on foreign currency transactions.

“Australians love to travel, but hidden fees and poor exchange rates are eating into every trip,” said Caecilia Chu, CEO and Co-Founder of YouTrip.

“YouTrip was founded with the mission to deliver a more affordable, accessible and convenient way for travellers to make overseas payments.”

YouTrip gives users direct access to real-time mid-market exchange rates for more than 150 currencies.

Unlike other cards available in Australia, YouTrip is the only travel card that truly offers 0% FX fees, $0 annual fees and no hidden charges – including on debit/credit card top-ups, international purchases and ATM withdrawals.

“Australia’s strong travel culture and demand for better foreign exchange value make it the perfect next step for us. We’re excited to bring Australians the same trusted experience our users across Asia love – helping them unlock more value on every trip,” added Ms Chu.

YouTrip processes more than $US15 billion in total payment volume annually and has raised more than $US110 million to support its technology development and market expansion.

As part of its Australian entry, YouTrip is building a local team across operations, marketing, finance, compliance and customer support.

YouTrip is now available nationwide in Australia on the Apple App Store and Google Play Store.