YouWorld provides a platform that enables global travelers to purchase e-gift cards using their local currency and preferred payment methods, ensuring a native shopping experience. This technology addresses the challenges of unfavorable currency exchange and limited mobile payment acceptance, driving foot traffic and sales for retailers while offering cashback rewards to customers.
Funding
$8.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Global travelers face challenges when shopping abroad due to unfavorable currency exchange rates and limited acceptance of their preferred mobile payment methods. This can lead to a less-than-ideal shopping experience and reduced sales for retailers.
Solution
YouWorld provides a platform that enables global shoppers to purchase e-gift cards from various retailers using their local currency and preferred payment methods, such as PayPal, Alipay, and Grab. This allows customers to shop in a familiar environment without needing to exchange currency or use unfamiliar payment systems. Retailers benefit from increased foot traffic and sales, as YouWorld drives high-value customers to their stores through cashback incentives and a seamless payment process. The platform also guarantees zero fraud, protecting both buyers and sellers.
Target Audience
The primary target audience includes global travelers, new immigrants, and international students who seek a seamless shopping experience using their native currency and payment methods. Retailers looking to attract these customer segments also benefit from the platform.
Features
- E-gift card purchases using local currency and preferred payment methods
- Cashback rewards and discounts at participating retailers
- Support for various payment methods, including PayPal, Creditcard, Alipay, and Grab
- Fraud prevention measures to protect buyers and sellers
- Mobile app for easy access and management of e-gift cards
- Integration with over 1000 stores globally across various categories