Thomas Cook India announced the launch of the ‘Thomas Cook One Currency Card’ 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 travellers, the high cross currency conversion charges create a strong deterrent.
Added benefits of the Thomas Cook One Currency Card include embedded chip and PIN security, locking of funds, instant loading, emergency cash disbursement, encashment of the residual balance or use for future travel, free replacement card and 24×7 emergency assistance.
Mahesh Iyer, chief operating officer – foreign exchange and 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.”
“We are delighted with our partnership with MasterCard, and this drives significant advantages in ensuring a comprehensive solution to our customers”, he added.
“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.
