Niyo vs YouTrip
short answerBoth are traditional neobanks with similar positioning — the real differences are FX markup, fees, license and geography, compared field by field below.
Niyo: Zero-forex travel banking for Indians.
YouTrip: Travel wallet for SG/TH/MY.
Side by side
| Niyo | YouTrip | |
|---|---|---|
| Category | traditional | traditional |
| Audience | travel & digital nomads | travel & digital nomads |
| HQ | Bengaluru, IN | Singapore, SG |
| Founded | 2015 | 2018 |
| Custody | Custodial | Custodial |
| Regulation | Partner-bank model | E-money institution |
| License detail | Partner banks (SBM Bank India, DCB Bank) — RBI-regulated issuers; no own license | Major Payment Institution (MPI) license from MAS, Singapore — e-money issuance; funds safeguarded at DBS/StanChart/UOB |
| Card | Visa · Debit + forex | MC · Prepaid multicurrency |
| Cashback | — | — |
| Yield | — | — |
| FX markup | — | — |
| Services | — | — |
| Stablecoins | No | No |
| KYC | Yes | Yes |
| Regions | Asia | Asia |
| Reported users | — | — |
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.