Thomas Cook India partners with NPCI to launch a pioneering RuPay Forex Card Pilot with UAE
The Thomas Cook – RuPay partnership operates on NPCI’s global card payment network of India.
Thomas Cook (India) 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.
The Thomas Cook – RuPay partnership operates on NPCI’s global card payment network of India. This pioneering initiative aligned with the Country’s Made in India focus, offers international payment solutions for Indians travelling overseas.
Mahesh Iyer, Managing Director & Chief Executive Officer, Thomas Cook (India) Limited said, “We are bullish about our forex card business and I am 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.
Our card business has witnessed a significant uptick with card loads growing at 172% YoY and new prepaid card issuance by 228% YoY (FY23).
Our RuPay prepaid forex card is yet another game changer that ensures convenience and an elevated customer experience – with speed, simplicity and seamless end-to-end transactions on-the-go; thereby reiterating our position as #IndiaKaForexSpecialist! The Thomas Cook RuPay card will be loaded with very attractive benefits including Thomas Cook travel vouchers worth INR 13,900.00, lounge access at International Airports in India, free ATM withdrawal*, free replacement on loss of card, complimentary insurance cover, and more.”
National Payments Corporation of India (NPCI) said, “The RuPay Forex card is poised to be a game changing product for our consumers, owing to RuPay’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.” Ajay Pandey, CEO and Co-Founder, CARD91, said, “We are excited to partner with NPCI and Thomas Cook (India) for the launch of the RuPay Forex Card powered by CARD91’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.”
