Singapore neobank YouTrip has launched a new business product, YouBiz. The MasterCard corporate card lets SMEs earn unlimited cashback and save with zero foreign exchange fees. A unified control centre brings together multi-currency accounts, local and domestic transfers, corporate expense management and credit features in a single hub. Signing up for a YouBiz account and card is free and does not require any minimum account balance or card fees.
Earn unlimited cash back on all spends with no cap, without the need to manage and optimise spending types. YouBIz’s zero foreign currency transaction fees allow companies to save more. Receive, hold and spend in nine currencies including SGD, USD, EUR, GBP, AUD, HKD, JPY, CHF, THB and make immediate exchange at competitive rates and no fees.
Generate physical and unlimited virtual cards for payments in over 150 currencies at more than 80 million Mastercard merchants worldwide, online and in-store. This reduces card-sharing risks and companies can customise spending limits on each card to prevent employees from overspending.
YouBiz is also introducing a credit facility that offers flexible business financing to SMEs. Combining transactional data and machine learning, YouBiz allows businesses to obtain unsecured and collateral-free term loans with no hidden or early repayment fees. The application is fuss-free and loans are disbursed seamlessly into the YouBiz account within 48 hours.
YouBiz has also collaborated with Google to provide businesses with direct support for digital marketing services, and established travel partners like Agoda, Booking.com and Qatar Airways on additional savings for travel expenditure, especially as business travel resumes.