{"id":17224,"date":"2023-12-19T23:38:45","date_gmt":"2023-12-19T18:08:45","guid":{"rendered":"http:\/\/pulseonline.co\/?page_id=17224"},"modified":"2023-12-19T23:38:45","modified_gmt":"2023-12-19T18:08:45","slug":"thomas-cook-india-partners-with-national-payments-corporation-of-india-npci-to-launch-a-pioneering-rupay-forex-card-pilot-with-uae-followed-by-a-global-phased-roll-out","status":"publish","type":"page","link":"http:\/\/pulseonline.co\/index.php\/thomas-cook-india-partners-with-national-payments-corporation-of-india-npci-to-launch-a-pioneering-rupay-forex-card-pilot-with-uae-followed-by-a-global-phased-roll-out\/","title":{"rendered":"Thomas Cook India Partners with National Payments Corporation of India (NPCI) to Launch a Pioneering RuPay Forex Card Pilot with UAE, Followed by a Global, Phased Roll-Out"},"content":{"rendered":"<div class=\"mediatxt clear_data_more_details data_details_list-style\" data-bind=\"html:newsmediaDetailViewModel.newsmediaDetailResponseList().shortDescription\">\n<p><span style=\"font-size: 1.8rem;\">Outbound travel from India is witnessing unprecedented growth, more so to short hauls like UAE: visitors to Dubai from India have surpassed pre-pandemic levels (2019), with a 23% growth for Jan-Jun 2023. Thomas Cook\u2019s foreign exchange business reiterates a significant uptick with its internal data reflecting a surge of over 2x (2022 vs. 2019) and an expectation of 3x growth by the end of the year. What is noteworthy is that the Company is seeing a strong increase in per person spends for UAE &#8211; of over 30% in 2022 vs. pre-pandemic. To seize this significant and growing opportunity, Thomas Cook (India) Limited has partnered with NPCI (National Payments Corporation of India) to launch a pioneering RuPay prepaid forex card for Indians travelling to the UAE; technology being enabled by NPCI Certified Partner, CARD91.<\/span><\/p>\n<\/div>\n<div class=\"mediabtxt data_details_list-style\" data-bind=\"html:newsmediaDetailViewModel.newsmediaDetailResponseList().description\">\n<p><span lang=\"EN-GB\">The Thomas Cook \u2013 RuPay partnership operates on NPCI\u2019s global card payment network of India. This pioneering initiative aligned with the Country\u2019s Made in India focus, offers international payment solutions for Indians travelling overseas.<\/span><\/p>\n<p><span lang=\"EN-GB\">Given the growth potential of the destination, the Thomas Cook and RuPay forex card partnership commences with UAE as its pilot; with a global rollout planned via a phased model. For phase one, Thomas Cook\u2019s RuPay card will be loaded in AED (UAE Dirhams) offering extensive usage across the UAE &#8211; for transactions and ATM withdrawals.<\/span><\/p>\n<p><strong><span lang=\"EN-GB\">Key Benefits of the Thomas Cook RuPay Card:<\/span><\/strong><\/p>\n<ul>\n<li><span style=\"color: #0000ff;\"><strong><span lang=\"EN-GB\">Thomas Cook travel vouchers worth INR 13,900<\/span><span lang=\"EN-GB\">.00<\/span><\/strong><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><strong><span lang=\"EN-GB\">Lounge access at International Airports in India*<\/span><\/strong><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><strong><span lang=\"EN-GB\">Free ATM Withdrawal (in UAE)*<\/span><\/strong><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><strong><span lang=\"EN-GB\">Free replacement on loss of Card\u00a0\u00a0<\/span><\/strong><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><strong><span lang=\"EN-GB\">Complimentary insurance cover up to INR 7,50,000<\/span><span lang=\"EN-GB\">.00<\/span><\/strong><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><strong><span lang=\"EN-GB\">50% off on unique photographic experiences at Dubai\u2019s top attractions, by Digiphoto Entertainment Imaging (DEI)<\/span><\/strong><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><strong><span lang=\"EN-GB\">KrisFlyer miles on every forex purchase<\/span><span lang=\"EN-GB\">\u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/span><\/strong><\/span><\/li>\n<\/ul>\n<p><span lang=\"EN-GB\">Thomas Cook\u2019s\u00a0<\/span><span lang=\"EN-GB\">position as India ka Forex Specialist is a result of the Company\u2019s sustained focus on the Country\u2019s foreign exchange segment &#8211; serving over 1 million active Forex prepaid card users, 1000+ corporates, over 300,000 outbound travellers and 100,000+ students studying overseas.<\/span><\/p>\n<p><span lang=\"EN-GB\">Thomas Cook is the largest non-bank foreign exchange services provider and prepaid card issuer in India. The Company\u2019s card business is witnessing an impressive uptick: its card loads grew by 172% YoY, with new prepaid card issuance up by 228% YoY (FY23).<\/span><\/p>\n<p><span lang=\"EN-GB\">Thomas Cook\u2019s strategic omnichannel model ensures both choice and customer convenience with access to India\u2019s largest forex network of over 4000 touch points: An extensive retail footprint of owned\/ partner outlets and airport counters; its Online Forex Store, Virtual Forex Branch, Contact Centre, m-apps: FX Now (Corporate and Individual) and Fx MATE an innovative B2B partner platform. The Company\u2019s game-changer Ghar pe Forex commitment offers doorstep delivery within 2 Hours.\u00a0\u00a0<\/span><\/p>\n<p><span lang=\"EN-GB\">Thomas Cook\u2019s cashless portfolio features its multicurrency Borderless prepaid card (9 global currencies), One Currency (USD) prepaid card and its innovative Study Buddy Card focused on the overseas education segment.<\/span><\/p>\n<p><span lang=\"EN-GB\"><strong>\u00a0Mahesh Iyer<\/strong>, Managing Director &amp; Chief Executive Officer, Thomas Cook (India) Limited <\/span><span lang=\"EN-GB\">said,\u00a0<\/span><span lang=\"EN-GB\">\u201cWe are bullish about our forex card business and we are delighted to partner with NPCI for the upcoming launch of our pioneering RuPay prepaid forex card. This unique Made in India initiative will go-live with UAE as the pilot destination, followed by a phase wise global rollout.<\/span><\/p>\n<p><span lang=\"EN-GB\">Our card business has witnessed a significant uptick with card loads growing at 172% YoY and new prepaid card issuance by 228% YoY (FY23).<\/span><\/p>\n<p><span lang=\"EN-GB\">National Payments Corporation of India (NPCI)<\/span>\u00a0<span lang=\"EN-GB\">said,\u00a0<\/span><span lang=\"EN-GB\">\u201cThe RuPay Forex card is poised to be a game changing product for our consumers, owing to RuPay&#8217;s ever-expanding and innovative network. We extend gratitude to our partners, Thomas Cook and Card91, for their collaborative efforts in crafting and developing this rewarding card. As travel demand returns to normal, Indian tourists will soon have access to a myriad of enticing benefits and rewards offered by this card. Our goal with RuPay Forex card is to create an unparalleled end-to-end consumer experience for Indian travellers.\u201d<\/span><\/p>\n<p><span lang=\"EN-GB\"><strong>Ajay Pandey,<\/strong> CEO and Co-Founder, CARD91, <\/span><span lang=\"EN-GB\">said, &#8220;<\/span><span lang=\"EN-GB\">We are excited to partner with NPCI and Thomas Cook (India) for the launch of the RuPay Forex Card powered by CARD91&#8217;s highly configurable and state-of-the-art technology platform. Our feature-rich technology stack offers a one-stop solution for Thomas Cook (India) to issue secure Forex Cards, suiting the varying needs of its customers.<\/span><span lang=\"EN-GB\">\u201d<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Outbound travel from India is witnessing unprecedented growth, more so to short hauls like UAE: visitors to Dubai from India have surpassed pre-pandemic levels (2019), with a 23% growth for Jan-Jun 2023. Thomas Cook\u2019s foreign exchange business reiterates a significant uptick with its internal data reflecting a surge of over 2x (2022 vs. 2019) and&#8230; <\/p>\n<div class=\"link-more\"><a href=\"http:\/\/pulseonline.co\/index.php\/thomas-cook-india-partners-with-national-payments-corporation-of-india-npci-to-launch-a-pioneering-rupay-forex-card-pilot-with-uae-followed-by-a-global-phased-roll-out\/\">Read More<\/a><\/div>\n","protected":false},"author":9,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages\/17224"}],"collection":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/comments?post=17224"}],"version-history":[{"count":3,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages\/17224\/revisions"}],"predecessor-version":[{"id":17751,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages\/17224\/revisions\/17751"}],"wp:attachment":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/media?parent=17224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}