Long Term Agreement to Set Up Forex Outlets at Manohar International Airport, Mopa – Goa

Thomas Cook (India) Limited, inaugurated new Forex outlets at the new Manohar International Airport – at Mopa, Goa. The Company has won a 5-year contract for setting up, and operating, 4 foreign exchange counters at the new Goa AirportThis expands Thomas Cook India’s forex network/consumer access in Goa to 6 outlets: 2 branches and 4 airport outlets. In addition, the company operates 25 airport counters across India, Sri Lanka and Mauritius.

In an initiative to ensure safe, seamless and convenient merchant payments, Thomas Cook’s Goa airport counters will empower foreign nationals from G20 nations and NRIs, with UPI enabled Indian Rupee transactions on arrival. Travellers can then access their INR wallet to ensure smooth and secure digital payments across millions of merchant establishments equipped with the UPI QR facility pan India. The prepaid payment product is issued by Pine Labs under the PPI authorisation obtained from RBI.

Deepesh Varma, Executive Vice-President – Foreign Exchange, said, “Goa is a strong high growth market for us at Thomas Cook India. With the new Manohar International Airport at Mopa (Goa), and its anticipated passenger loads of approx. 13.1 Mn in 5 years, we foresee a significant forex requirement in the region. We are therefore delighted to announce Thomas Cook’s successful bid for a 5 year contract at Goa’s Mopa airport. Our four new foreign exchange counters will ensure smooth and secure customer transactions at this prime gateway airport.

Forex is a key business line for the Company and our strong focus has ensured our leadership – as India’s largest non-bank Foreign Exchange service provider. This contract will further strengthen Thomas Cook India’s presence in this growing forex market with presence at Goa’s new airport.”