In a move to elevate the convenience and security of cross-border transactions, YouTrip has announced significant updates to its digital wallet, including boosted stock and flow cap limits. This initiative is aimed at providing users with greater flexibility and protection during their digital payment endeavors.
Effective immediately, YouTrip users can now maintain up to S$20,000 in their digital wallets at any given time, with an annual spending limit raised to S$100,000. This substantial increase from the previous caps of S$5,000 and S$30,000, respectively, positions YouTrip as the pioneer among Major Payment Institutions to implement such elevated limits, promising a more seamless and rewarding payment experience for users.
Ramped-Up Security Measures
In tandem with the heightened wallet limits, YouTrip is reinforcing its commitment to user security through a series of anti-scam prevention measures. The new additions are designed to shield users from fraudulent and unauthorized activities, ensuring a safer digital transaction environment.
The expanded security features include:
Dedicated Fraud Reporting Email: Users can report suspicious activities and seek support from the 24/7 customer service team through the dedicated email address [email protected].
Kill Switch Activation: This feature enables users to suspend their entire account immediately by calling +65 6904 9334. Acting as a robust defense mechanism, the Kill Switch halts all new transactions and logins for all parties, including the user. Users are advised to use this as a last resort, as it suspends both physical and virtual cards, and re-activation can be done after confirming the account’s safety.
12-hour Cooling-off Period: Implemented after detecting a new login, this period aims to prevent unauthorized access or immediate changes to users’ personal information, providing an additional layer of protection.
Strengthened Authentication Process: Users must undergo a more robust authentication process when changing their contact details to safeguard against potential unauthorized changes to their accounts.
S$1,000 Transaction Limit for YouTrip Send: This limit acts as an added layer of protection, minimizing potential losses from unauthorized peer-to-peer transfers.
These security features empower YouTrip users to mitigate the risk exposure of their funds and thwart scammers attempting unauthorized access to their phones and YouTrip accounts.
‘Trip it to Win it’ Campaign
To mark the upgraded wallet limits, YouTrip is launching a ‘trip it to win it’ campaign from 3-16 January 2024. Users who lead the spending charts stand a chance to win return flight tickets to any destination and prizes totaling over S$20,000.
The top spender in dining, shopping, and online spending categories will secure roundtrip tickets, while others in the top four of each category will receive mystery travel boxes worth over S$500 each. Additionally, 100 randomly selected winners can pocket S$10 cashback by spending a minimum of S$1,000 during the campaign period.
With these advancements, YouTrip aims to redefine the digital payment landscape, providing users with enhanced features and robust security measures for a seamless and secure transaction experience. Users are urged to stay vigilant and proactive, utilizing real-time alerts and regularly reviewing account statements to detect and report any suspicious activities promptly.
