Thomas Cook India Launches ’One Currency’ Card

By BW Hotelier IN A bid to transform the payment-solutions space, Thomas Cook (India) Ltd., has launched ’Thomas Cook One Currency Card’ ’India’s first prepaid travel card with zero cross currency conversion fees, in collaboration with MasterCard Worldwide. Thomas Cook India’s internal customer research has revealed that though prepaid cards offer strong security benefits, for value conscious Indian travelers, the high cross currency conversion charges (typically- between 3-4 per cent) create a strong deterrent. The Thomas Cook One Currency Card hence offers better value to the customers with its USP of a single load currency (USD) and zero cross currency conversion charges, across the world. Added benefits of the Thomas Cook One Currency Card include embedded chip and PIN security, locking of funds (to avoid cross currency fluctuations), instant loading, emergency cash disbursement, encashment of the residual balance or use for future travel, free replacement card in case stolen or lost and 24-7 global emergency assistance available via toll free access in over 80 countries global access via 2.2 million ATM’s and 35.2 million merchant establishments in over 275 countries Mahesh Iyer, Chief Operating Officer - Foreign Exchange & Head ’ Visas, Thomas Cook India, said (see photo), ’With exponential growth in multi-national travel, the need of the hour was clearly a single currency card, sans the downside of cross currency charges. As pioneers in the foreign exchange business, our innovative the Thomas Cook One Currency Card, the first of its kind in India, brings Indian travelers a strong value proposition: zero currency conversion charges in a digital currency ecosystem.’ He added, ’We are delighted with our partnership with MasterCard, and this drives significant advantages in ensuring a comprehensive solution to our customers.’ Porush Singh, Division President South Asia ’ MasterCard, said, ’MasterCard & Thomas Cook India ’ two of the leading brands in the travel and payment solutions area have had a strong relationship over the past few years in providing products to make travel easier and more convenient, via our focus on innovation excellence and technology. The Thomas Cook One Currency Card is an innovative solution and we are confident of it becoming the preferred prepaid travel card for overseas travelers in the near future.’ The Thomas Cook One Currency Card can be bought or recharged via thomascook.in, and across Thomas Cook’s extensive foreign exchange network across 136 locations (including 23 airport counters)   -