Thomas Cook launches the EnterpriseFX Card – India’s first eco-friendly

prepaid forex corporate card, made entirely of recycled material

The EnterpriseFX Card is customised to meet the unique needs of the global business traveller

and launched in partnership with Visa & Mastercard

· India’s first eco-friendly prepaid forex corporate card made with recycled plastic

· Benefits of Thomas Cook Edge reward points on POS transactions

· Free Lounge Access at International Airports in India*

· Complimentary International Global SIM Card

· Free ATM Withdrawal*

India is now a US $30Bn business travel market, and expected to triple by 2030 (KPMG). Thomas Cook’s forex prepaid card data reiterates that corporate traveller is its fastest growing segment with over 50% share. In a strategy to rapidly grow its market share while supporting corporates in reducing their carbon footprint, Thomas Cook (India) Limited, India’s leading omnichannel forex services company, has launched EnterpriseFx – a pioneering, environment friendly prepaid forex corporate card. In partnership with Visa & Mastercard, the innovative product has been thoughtfully designed, offering a range of premium benefits to empower business travellers – across India Inc, multinationals and SMEs.

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

Aligned with the Company’s sustainability goals, Thomas Cook’s EnterpriseFx Card features three key elements: 1) made from recycled plastic 2) security feature of a green pin (paperless) 3) Thomas Cook pledge to plant a tree on behalf of the Corporate for every 25th card sold; additionally an e-certification and geo-tagging. The collective impact is a saving of approx. 30 kgs carbon emissions per card. So, for 1 lakh EnterpriseFx cards, a significant 3000 tonnes of carbon emission saved which is equivalent to over 12 lakh trees.

The Thomas Cook EnterpriseFx Card Advantage:

· Thomas Cook Edge reward points on spends (on POS transactions) with redemption for Holidays, Flights & Hotels

· Free Lounge Access valid on International Airports in India*

· Complimentary international SIM card

· Free ATM Withdrawal*

· Complimentary Youth Card: 1,50,000+ discounts and offers across 60,000+ Brands in 125+ Countries*

· Surcharge-free withdrawals at Allpoint ATMs*

· Comprehensive insurance cover up to Rs. 7,50,000.00

· Free card replacement*

· Emergency cash assistance*

· Earn Krisflyer (Singapore Airlines) Miles on card issuance

· Special offers on select McArthurGlen designer shopping outlets in Europe*

Thomas Cook India is India’s largest non-bank foreign exchange services provider with its prepaid card business witnessing a strong uptick of 1.5x YoY for the twelve-month period ended Dec. 31, 2023.

Mr. Deepesh Varma, Executive Vice President – Foreign Exchange, Thomas Cook (India) Limited said, “Our prepaid card business is power driving our growth story with a significant uptick of 1.5x YoY for Jan-Dec 2023. In a strategic move to leverage India’s powerful business travel market, I am delighted to announce yet another first-mover initiative – our EnterpriseFx Card in collaboration with Mastercard and Visa.

The EnterpriseFx Card comes loaded with a range of benefits such as Thomas Cook Edge reward points, a Youth Card where business travellers under the age of 35 can avail exclusive discounts across brands in over 125 countries, emergency cash assistance, and much more!

Aligning with our Company’s green initiative, this eco-friendly card has been made with recycled plastic, comes with a paperless pin and the Thomas Cook pledge of planting a tree on behalf of the Corporate for every 25th card sold – saving approx. 30kg of carbon emissions per card.”

About Thomas Cook Foreign Exchange – India ka Forex Specialist (#IKFS): The business’ omnichannel model today serves over 1 million retail customers annually, via its website, FXNOW (m-app and corporate booking tool), call centre, and 130 Forex stores located across 69 metros, tier 2-4 cities/towns pan India.

Thomas Cook Forex serves 1000+ corporate clients, 1 million+ active Forex prepaid card users and over 1 Lakh students studying overseas using fees and other remittance services of the Company. Thomas Cook operates 29 counters at leading airports in India, Sri Lanka and Mauritius. The Company’s Forex business has expanded its digital penetration with a unique B2B online platform – on boarding over 2300 Fx MATE partners since its inception during the pandemic.

The Company’s Ghar pe Forex commitment of doorstep delivery in 2 hours, serves as a strong reassurance with a smooth, swift and effortless closure.

Anubhav Gupta, Senior Vice President, Business Development, South Asia at Mastercard, said, “This exciting collaboration with Thomas Cook for Mastercard Forex card underscores the company’s commitment to offering the best rewards to cardholders while ensuring their peace of mind through safe and secure transactions.

It comes loaded with a whole gamut of exciting offers and benefits, such as one-night free stay at over 2000 hotels worldwide, car rental offers and dining experiences. Moreover, the new card will further sensitize the corporate sector about the importance of embracing sustainable products and solutions.”

Sujai Raina, Head – Business Development, India, Visa said, “We are thrilled to partner with Thomas Cook to introduce their new Visa Forex cards for the corporate traveller, made from recycled plastic and affirming our commitment to sustainability with features like the green PIN. As a global leader, Visa provides unparalleled international acceptance, so our consumers can use their Visa cards wherever they go.

With robust risk mechanisms and round-the-clock payment security, we believe this card will be a great choice for corporate travellers. As we continue to innovate responsibly with our partners, we look forward to enhancing the travel experience with the great benefits this proposition brings to cardholders.”