YouTrip invites you to spend online in foreign currencies with better rates. New customers who sign up and make their first purchase under the conditions will receive a full year of Netflix for free. Existing customers can invite friends to sign up and receive spending bonuses of up to 1,000 Baht.

YouTrip, a multi-currency digital wallet provider, in collaboration with Kasikorn Bank, revealed data on Thai consumer spending during the COVID-19 pandemic in the past second quarter, showing that online spending in foreign currencies continues to grow by over 200% compared to the same period last year. This growth is attributed to spending through renowned global e-commerce platforms and entertainment spending during lockdown, such as gaming and video streaming. Additionally, there is a noticeable trend of decisions to study abroad reflected in the continuous payment of tuition fees overseas. Special privileges for new and existing customers have also been introduced to enjoy spending in foreign currencies at better rates on YouTrip. For more information, please visit the YouTripTH Facebook page.

Thai consumers shop on renowned global e-commerce platforms just as much as on Thai platforms.
Data shows that in the second quarter of 2021, Thai consumers using YouTrip for online shopping spent the most on global e-commerce platforms such as Amazon, Alibaba, Aliexpress, eBay, iHerb, KTown4U, and Taobao, with overall spending on these stores increasing by over 100% compared to the same period last year. Additionally, spending on luxury goods has also risen, particularly through online platforms for luxury brands like Farfetch and Mytheresa, while spending in the beauty and cosmetics category has also increased.

The trend of spending on entertainment has surged, catering to the Work from Home period.
Spending related to gaming, whether mobile, console, or PC games, has significantly increased in the past second quarter, with overall growth exceeding 400%. This includes spending on games like Coin Master, Free Fire, and PUBG, as well as purchasing games for consoles like Nintendo, Xbox, and PlayStation, and PC games on platforms like Steam. Furthermore, spending on popular video streaming services like Netflix and food delivery through Line Man Wongnai has also grown by over 400%, aligning with consumer behavior as most people stayed home during the Work from Home period due to the COVID-19 outbreak since April.

Signs of studying abroad are returning as Thai consumers increase spending on overseas tuition.
Another interesting behavior reflecting the decision to study abroad, due to the improving global COVID-19 situation, is the increase in spending related to studying abroad, particularly in the UK, such as tuition and accommodation fees, which have become more common in the second quarter after these expenses had disappeared in 2020, or since the onset of the COVID-19 pandemic.

Meeting needs with better rates and easy-to-use services.
Every transaction through YouTrip offers better rates both online and in-store, making YouTrip a solution for Thai consumers spending in foreign currencies. Not only does it help save money, but YouTrip also gathers exciting promotions, highlights popular products, and shares spending tips continuously through the YouTripTH Facebook page and blog.

Ms. Juthasri Kuwinichkul, co-founder of YouTrip Thailand, stated, "The spending behavior of Thai shoppers who prefer to buy products online in foreign currencies continues to grow due to the COVID-19 situation limiting international travel. Many people looking for products unavailable in the country or significantly more expensive when purchased through intermediaries are increasingly turning to direct online purchases from abroad. With the desire to save costs and the fluctuating currency rates, there is a growing interest in currency management. YouTrip, as a regional financial service provider committed to creating the best smartphone financial services, not only meets the needs of travelers but also aims to serve online shoppers to purchase quality products from around the world at lower rates, with no fees and easy-to-use services. Additionally, we aim to make YouTrip a friend that helps recommend curated good deals, focusing on trending items to provide another option for information and enhance the online shopping experience for consumers."

To meet all foreign currency spending needs during the COVID-19 situation, YouTrip is offering special promotions for new customers. When making their first purchase through YouTrip with no minimum spending across all channels, they will receive a full year of free access to quality global content on Netflix for eligible new customers. Registration and sign-up can be done at https://go.you.co/get-free-netflix/ from now until September 15, 2021.

Additionally, existing customers can invite friends to sign up for YouTrip through the referral link within the YouTrip app. When friends successfully register and make their first purchase, both will receive a bonus of 100 Baht each, up to a maximum of 1,000 Baht, from now until December 31. More information can be found at www.you.co or the YouTripTH Facebook page.

YouTrip is a regional financial startup committed to creating the best smartphone financial services for travelers across Southeast Asia, transforming the world of spending while traveling and creating new experiences in tourism. YouTrip first launched in Singapore in 2018 and expanded its services to Thailand in 2019. More information can be found at www.you.co.