Thomas Cook India launches the Borderless Prepaid Multi-Currency Travel Card

India's outbound travel is witnessing a significant surge in overall travel spending: India's outbound travel saw a record in overseas travel spending of $17 billion in FY 2024, marking a 25% increase y-o-y and accounting for 54% of all international spending (McKinsey) and is projected to reach $55.4 billion by 2034 (FICCI). Additionally, the strong emergence of travellers, from India's tier 2 & 3 cities, creates a growing need for a seamless, secure and convenient forex solutions. Recognizing this opportunity, Thomas Cook India - leading omnichannel foreign exchange services provider, has launched the Borderless Travel Card - designed to empower leisure travellers with smooth and secure international travel transactions - with multi-currency support, worldwide acceptance and exclusive travel benefits.

This initiative reiterates Thomas Cook's position as India ka Forex Specialist - highlighting the Company's sustained focus on innovation and elevated customer experience.

Thomas Cook Borderless Travel Card benefits*

- Supports 12 global currencies for seamless international transactions and access to over 70 million Mastercard and Visa merchant establishments in over 200 countries
- Free emergency cash assistance and card replacement (for lost/stolen cards)
- Complimentary International global SIM card
- Secure with embedded chip & pin security
- Complimentary Airport meet & greet, free lounge access and porter services at select international airports in India*
- Exclusive 25% off discount on select attractions and unique experiences*
- Earn 1,000 Thomas Cook Edge Reward Points on loading USD 1,000 (or equivalent) and up to 500 points on card spend, redeemable for holidays, flights and hotels from Thomas Cook India

Additional benefits

- Complimentary insurance cover up to ₹7.5 lakh*
- 24x7 Customer Support available via call centre, email and web support on thomascook.in
- Free ATM withdrawal*
- Eco-friendly card crafted from recycled plastic, promoting sustainability

Mr. Deepesh Varma, Executive Vice-President - Foreign Exchange, Thomas Cook (India) Limited said "At Thomas Cook India, we continue to strengthen our leadership in the forex sector by anticipating market shifts and innovating to meet evolving customer needs. The launch of our Borderless Travel Card, builds on the success of our prepaid card portfolio that includes Study Buddy (for students) and EnterpriseFX (business traveller). The Borderless Travel Card is our strategic response to address the needs of India's leisure segment: offering smooth and seamless multi-currency access, the convenience of worldwide acceptance, and exclusive travel benefits-all with the reliability and security of Mastercard and Visa. I am particularly proud of our integration of sustainability with financial innovation with this, India's first eco-friendly card made of recycled plastic.

The timing is perfect - at the start of the key travel booking season and we look forward to elevating our customer experience while reinforcing Thomas Cook India's position as India ka Forex Specialist."

Mr. Anubhav Gupta, Senior Vice President, South Asia at Mastercard said, "As the country's aspirations reach for newer heights fuelled by a growing middle class, Indians including those from Tier two and three cities are keen to explore the world. Mastercard Economics Institute's research has shown that today, the number of Indians traveling abroad in a single quarter is comparable to annual number of Indian travellers 10 years ago. At Mastercard, we see a need to support such travellers with more convenient, sustainable, and safer modes of payment. Through our collaboration with Thomas Cook, we are excited to offer this Borderless Travel card which brings among the best rewards and acceptance across 12 currencies and 200 countries and territories."

Mr. Rishi Chhabra, Country Manager for Visa India said, "We are delighted to partner with Thomas Cook India to launch the Borderless Travel Card for India's growing outbound travel market. Backed by Visa's global network, worldwide acceptance and trusted, secure payments, this card enhances travel experiences with a seamless, secure and sustainable offering. Our partnership reflects a joint commitment to financial inclusion and delivering unparalleled convenience to Indian globetrotters. We look forward to setting a new benchmark in travel payments that provide security, ease and exclusive benefits."

Shares of Thomas Cook (India) Limited was last trading in BSE at Rs. 140.75 as compared to the previous close of Rs. 138.15. The total number of shares traded during the day was 82931 in over 1916 trades.

The stock hit an intraday high of Rs. 142.35 and intraday low of 137.05. The net turnover during the day was Rs. 11631754.00.

Source : Equity Bulls

Keywords

ThomasCookIndia INE332A01027 TravelSupportServices Borderless Prepaid MultiCurrency TravelCard