Thomas Cook India expands forex card to 28 currencies
Thomas Cook India expanded its prepaid forex card portfolio to 28 currencies, adding 16 new global currencies. This offers travelers direct spending in local currencies, eliminating multiple conversions and reducing costs. The expanded suite is available on Visa and Mastercard, with options for rapid loading via Blinkit and 24x7 WhatsApp support.
The expansion of the forex card portfolio to 28 currencies is a strategic move that enhances customer convenience and potentially increases market share in the foreign exchange services sector.
The expansion of services and product offerings to meet evolving customer needs and market trends is a positive development for the company.
Thomas Cook (India) Limited has announced a significant expansion of its prepaid Forex Card portfolio to 28 currencies, adding 16 new global currencies. This move creates one of India’s widest currency portfolios on a prepaid forex card, reinforcing the company's leadership in travel and forex innovation.
The expansion is a direct response to evolving travel patterns, enabling customers to transact seamlessly in local currencies, eliminate multiple conversions from INR to USD and then to local currency, and offering a secure alternative to cash. The newly added currencies include Chinese Yuan, Swedish Krona, Vietnamese Dong, Malaysian Ringgit, Indonesian Rupiah, Danish Krone, Hong Kong Dollar, Qatari Riyal, Norwegian Krone, Omani Riyal, Kuwaiti Dinar, Bahraini Dinar, Bangladeshi Taka, South African Rand, South Korean Won, and Philippine Peso. These complement the existing 12 currencies: US Dollar, British Pound, Euro, Japanese Yen, Singapore Dollar, Australian Dollar, Canadian Dollar, Swiss Franc, UAE Dirham, Thai Baht, Saudi Riyal, and New Zealand Dollar.
The expanded suite is available on both Visa and Mastercard prepaid forex cards. Customers can purchase and load currencies through Thomas Cook India’s omnichannel network, including retail outlets, digital platforms, and via partnership with Blinkit, enabling forex purchase and loading in under an hour. Forex on WhatsApp also provides 24x7 assistance.
Mr. Deepesh Varma, Chief Business Officer – Foreign Exchange, Thomas Cook (India) Limited, stated that the expansion supports their strategic focus on a digital-first approach to forex usage, shifting from cash towards secure, smarter prepaid solutions. Mr. Ravi Datla from Mastercard and Mr. Sridhar Keppurengan from Visa highlighted the importance of simple, secure, and widely accepted payment solutions for the diversifying international travel market from India.
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Thomas Cook (India) Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Thomas Cook (India) Limited. Read the original for the full detail.