MoneyWorks4Me

Thomas Cook, Pine Labs partner with NPCI

23 Feb 2023 Evaluate

Thomas Cook (India) and Pine Labs have partnered with National Payments Corporation of India (NPCI), in a pioneering initiative to ensure safe, seamless, convenient merchant payments via UPI for foreign nationals from G20 countries. The prepaid payment product is issued by Pine Labs under the PPI authorisation obtained from RBI. This facility can be availed on arrival - across Thomas Cook’s airport counters.

To facilitate this process, Pine Labs has launched Fave Money that allows travellers from G20 countries the ability to pay digitally via their mobile phone at millions of merchant establishments in India using UPI. The prepaid product issued by Pine Labs is powered by its proprietary issuing platform Qwikcilver and is integrated with the Fave mobile app.

Thomas Cook (India) is India’s leading integrated travel services company.

Peers
Company Name CMP
Thomas Cook (India) 106.20
IRCTC 476.45
TBO Tek 1707.80
Le Travenues Techno 165.85
Yatra Online 104.50
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