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Thursday, 03 December, 2015, 08 : 00 AM [IST]

Thomas Cook India Launches ‘One Currency’ Card

In a bid to transform the payment-solutions space, Thomas Cook (India) Ltd., has launched the ‘Thomas Cook One Currency Card’, a prepaid travel card with zero cross currency conversion fees, in collaboration with MasterCard Worldwide, stated a release.

Thomas Cook India‘s internal customer research has revealed that though prepaid cards offer strong security benefits, for value conscious Indian travellers, the high cross currency conversion charges (typically between 3-4%) create a strong deterrent. The Thomas Cook One Currency Card offers single load currency (USD) and zero cross currency conversion charges, across the world.

The card offers 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 35.2million merchant establishments in over 275 countries.

Mahesh Iyer, COO - Foreign Exchange & Head – Visas, Thomas Cook India, said, “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 travellers 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.”

“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 & 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 travellers in the near future,” said Porush Singh, Division President South Asia - MasterCard.

The Thomas Cook One Currency Card can be bought or recharged via and across Thomas Cook’s foreign exchange network across 136 locations (including 23 airport counters).
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