Thomas Cook (India) has launched new Foreign Exchange app, which serves as a one-stop-shop to customers, for foreign exchange transactions. According to International Data Corporation (IDC), smartphone shipment in India grew 44 per cent to 26.5 million units in June 2015.
Features of the app include live rates across major global currencies, ‘Block my Rate’ option as protection against rate fluctuations, rate alerts for specified currencies and currency conversion. Customers can also buy foreign exchange for up to four travellers via a secured travel gateway.
Amit Madhan, chief operating officer – IT and E Services, Thomas Cook (India) said, “Thomas Cook India’s internal research has highlighted that while over 40 per cent of our online transactions are via a mobile device, for foreign exchange this is truly noteworthy- at over 65 per cent. Hence launching our Thomas Cook Forex app was clearly the need of the hour.”
Madhan added, “With mobile data reiterating the Indian travellers’ shift to m-commerce, coupled with India’s booming smartphone market, as pioneers in the foreign exchange space we are delighted to present he first ever mobile application and its slew of unique and customer empowering features for India’s Forex consumers on the go.”