Thomas Cook India Expands Payment Solutions Portfolio Expands Relationship with Visa to Include Multi-Currency Borderless Visa Card

Bombay– With the reopening of borders and the rise of travel, Thomas Cook India announced the extension of its partnership with Visa – to include his Borderless card, which allows india consumers with simple, secure and smooth transactions when traveling abroad. The Thomas cook The borderless card can be loaded with nine world currencies on one card – US dollars, British pounds, euros, Australian dollars, Canadian dollars, Swiss francs, Singapore dollars, Thai baht and United Arab Emirates dirhams. Additionally, the partnership benefits clients with access / acceptance across the vast Visa network of over 70 million merchant establishments and e-commerce sites worldwide.

The pandemic has experienced a rapid acceleration of india move to digital commerce first. Consumer health and safety concerns have only served to accelerate the deployment of the technology – reducing dependencies on physical touchpoints and improving contactless, fast and efficient payment options. secure. visas report reiterates that digital payments are here to stay: with nearly two-thirds (65%) of consumers saying that after vaccination, they would rather use contactless payments as much or more than they currently do (The Visa Back to Prospects 2021 business study)

With this trend which should have a significant and lasting impact on payment solutions long after the pandemic, the Thomas cook Multi-currency borderless prepaid card in association with Visa is designed to be future-ready and offers customers a range of benefits, including:

Integrated Pin / Chip security with increased protection against counterfeiting and skimming fraud and contactless technology.

Customer-centric features on the card include instant top-up, emergency cash disbursement and free replacement card in the event of theft or loss, as well as 24/7 global emergency support. 7 available through free access in over 80 countries.

The card protects customers against currency fluctuations and allows transactions in any currency across the geographic areas loaded on the card.

Sir. Madhavan Menon, General manager, Thomas Cook (India) Limited. said: “As India experiences a rapid shift to digitally-driven commerce, our continued focus on technological innovations has seen the expansion of our portfolio with the introduction of our Borderless Multi-Currency Prepaid Card in partnership with Visa. The card offers considerable benefits to the consumer. In addition to nine global currencies, the Borderless Prepaid Card with Chip and PIN gives customers access to the world’s largest network of merchant establishments, e-commerce sites and ATMs. Recharging and smoothly switching to multi-currency wallets makes cross-border travel smooth and effortless. ‘

Mr. TR Ramachandran, Group Country Manager, India and South Asia said, “As economies around the world gradually open up, international travel is expected to gain momentum in the coming months. With a post-pandemic world increasingly geared towards digital payments, cards have become the default choice for international travelers around the world. We are delighted to partner with Thomas cook during the launch of the borderless multicurrency prepaid cards. The ubiquity and global acceptance of Visa network coupled with the security and convenience of using a Visa card, will truly enable consumers looking for a digital payment solution for their international travel needs. ‘

Visa Back to Business Study – January 21

For more details on the multi-currency borderless prepaid card in partnership with Visa, Click here

On Thomas Cook (India) Limited: Created in 1881, Thomas Cook (India) Limited. (TCIL) is the leading integrated travel and travel related financial services company in the country, offering a wide range of services including foreign exchange, Corporate travel, MOUSE, Leisure travel, Value-added services, Visa and passport services and E-commerce. It operates leading B2C and B2B brands including Thomas Cook, SOTC, TCI, SITA, Asian Trails, Allied T Pro, Australian Tours Management, Desert Adventures, Luxe Asia, Kuoni Hong Kong, Sterling Holiday Resorts Limited, TC Forex, Distant Frontiers, TC Tours, TC Visa, Travel Circle International Limited, Ithaka, Digiphoto Entertainment Imaging (DEI), Private Safaris East & South Africa.

As one of the largest networks of travel service providers headquartered in the Asia-Pacific region, The Thomas Cook India Group covers 25 countries on 5 continents, a team of more than 8388 and a combined turnover of more than Rs. 6948.3 Cr. (more $ 0.93 billion.) for the year ended March 31, 2020.

TCIL received the CNBC-TV18 & ICICI Lombard India Risk Management Award – Category Travel and Leisure 2021, The best travel agencyIndia To TTG travel Awards 2019, the best outgoing tour operator in Time travel 2018 & 2019 prices and Leading company with cutting-edge travel innovation at Time travel 2018 Award, Silver Award for asia Best integrated report category (first time) at the Asia Sustainability Reporting Awards 2019, Best risk management framework and systems at the India Risk Management Awards 2019; Best Cash Management Solution – India to Trump Triple A Treasury, Trade, Supply Chain & Risk Management Awards 2018, Best Outbound Tour Operator at SATTE Awards 2019, Excellence in Domestic Tour Operations at SATTE Awards 2018, The French Ambassador’s Award for Exemplary Achievements in Visa Issuance – 2015 to 2019 and Conde Nast Voyageur – Readers’ journey Prices from 2011 to 2019.

CRISIL reaffirmed the rating of the debt programs and banking facilities of Thomas Cook (India) Limited – ‘CRISIL A + / Negative on TCIL’s long-term banking facilities and CRISIL A1 on the Company’s short-term banking facilities and short-term debt.

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Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings Limited promotes TCIL by holding 65.60% of its paid-up capital and is responsible for executing acquisition and investment opportunities.

On Fairfax Financial Holdings Limited: Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is active in the fields of property and casualty insurance and reinsurance and investment management. Created in 1985 by the current Chairman and CEO, Prem Watsa, the company is headquartered in Toronto, Canada. Its ordinary shares are listed on the Toronto Stock Exchange under the symbol FFH and we dollars under the symbol FFH.U.

About the subsidiaries of Thomas Cook (India) Limited:

Sterling Holiday Resorts Limited, a wholly owned subsidiary of TCIL, is active in the timeshare and resort business.

SOTC Travel Limited, a wholly owned subsidiary of TCIL is a leading travel and tourism company, active in various travel segments including Leisure travel, Incentive trip and business travel.

Travel Corporation (India) Limited. (TCI), a brand owned by TCIL through its wholly-owned subsidiary, is the leading Destination management company in India which offers tailor-made trips and services associated with India, Nepal, Bhutan and Sri Lanka.

Thomas Cook Group India holds 51% of the capital DEI Holdings Limited (DEI), one of the world’s leading providers of imaging solutions and services.

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Sterling Holiday Resorts Limited:

SOTC Travel Limited:

On SOTC trip: SOTC Travel Limited (Formerly SOTC Travel Pvt. Ltd.) is a descendant subsidiary of Fairfax Financial Holdings Group; held through its listed Indian subsidiary, Thomas Cook (India) Limited (TCIL). SOTC India is a leading travel and tourism company active in various travel segments including Leisure travel, Incentive trip and business travel and foreign exchange transactions. The SOTC was established in 1949. Since then, it has escorted thousands of travelers around the world for over 70 years to various destinations around the world. An innovative new age vacationer, SOTC strives to make vacations a priority for every Indian. “We are for the holidays” and we want Indians to prioritize their holidays.

Media inquiries:

Suzanne Pereira | +91 98202 97665 | [email protected]

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