Digital travel wallets convenient, but beware of risks, warn cybersecurity experts

One in five millennials here has an account with the Singapore-based YouTrip, a multi-currency card and travel wallet. — YouTrip/The Straits Times/ANN

SINGAPORE: With the year-end travel season here, Singaporeans are jetting off for the holidays, and chances are, many will be using multi-currency digital wallets on their trips.

Multi-currency card providers, which include Revolut, YouTrip and Wise, allow users to convert Singapore dollars and store them in different foreign currencies for low or no transaction fees.