TBM Staff - Mumbai
India’s business travel market has reached a staggering USD 30 billion and is projected to triple by 2030, as per KPMG. Thomas Cook’s data on forex prepaid cards underscores the rapid growth of the corporate/business traveler segment, capturing over 50% market share. In a strategic move to expand its market dominance while championing environmental sustainability, Thomas Cook (India) Limited, the nation’s leading omnichannel forex services provider, has introduced EnterpriseFx – an innovative, eco-friendly prepaid forex corporate card.
Developed in collaboration with Visa and Mastercard, this groundbreaking product offers a suite of premium benefits tailored to empower business travelers across India Inc, multinational corporations, and SMEs.
The EnterpriseFx Card incorporates three key elements:
•Crafted from recycled plastic
•Enhanced security features with a green pin (paperless)
•A pledge by Thomas Cook to plant a tree on behalf of the corporate for every 25th card sold, complemented by e-certification and geo-tagging. This collective effort translates into substantial carbon emissions savings, approximately 30 kgs per card. For instance, issuance of 1 lakh EnterpriseFx cards would result in a significant reduction of 3000 tonnes of carbon emissions, equivalent to over 12 lakh trees.
The advantages of the Thomas Cook EnterpriseFx Card include:
•Thomas Cook Edge reward points on POS transactions, redeemable for Holidays, Flights & Hotels
•Complimentary international SIM card
•Free ATM Withdrawal*
•Comprehensive insurance cover up to Rs. 7,50,000.00
•Free card replacement*
•Earn Krisflyer (Singapore Airlines) Miles on card issuance
•Special offers on select McArthurGlen designer shopping outlets in Europe*
•And much more, including a complimentary Youth Card offering exclusive discounts across 60,000+ brands in 125+ countries*
Thomas Cook India, the country’s largest non-bank foreign exchange services provider, has witnessed a robust uptick of 1.5 times Year-over-Year for its prepaid card business in the twelve-month period ending Dec. 31, 2023.
Deepesh Varma, Executive Vice President – Foreign Exchange, Thomas Cook (India) Limited, expressed, “Our prepaid card business is propelling our growth trajectory with a remarkable increase of 1.5 times Year-over-Year for Jan-Dec 2023. In a strategic endeavor to leverage India’s burgeoning business travel market, I am pleased to unveil yet another pioneering initiative – our EnterpriseFx Card in collaboration with Mastercard and Visa. This eco-friendly card is poised to revolutionise the industry with its sustainability focus and enhanced consumer experience. With benefits like Thomas Cook Edge reward points and exclusive discounts, this card aligns seamlessly with our company’s green initiative, offering not just convenience but also a tangible contribution to environmental preservation.”
