Thomas Cook (India) has entered into partnership with Google Pay to facilitate contactless payments via its range of prepaid forex cards. This makes Thomas Cook India the first in India in the cross-border payments category to enable customers transact effortlessly using their mobile devices across retail tap & pay (contactless) or online - using Google Pay. Thomas Cook’s cardholders are assured an extra layer of security via Google Pay’s state-of-the-art network tokenisation standards.
The launch commences via Thomas Cook’s partnership with Visa. The growing adoption of digital payments across India’s travel segments, from business to leisure and particularly Millennials and GenZ, highlights a significant market opportunity. India’s rapid shift toward contactless payments is evident, with the Government of India’s data revealing that UPI processed 16.58 billion transactions worth Rs 23.49 lakh crore as of October 2024 - 45% increase over the previous year.
Thomas Cook’s forex data underscores the growing importance of digital solutions with a noteworthy 20%+ contribution by its digital platforms - via its portal, apps to forex by whatsapp. Given the increasing need for seamless digital solutions in cross-border transactions, Thomas Cook’s partnership with Google Pay aims at equipping India’s consumers when traveling overseas - across transactions for accommodation, transport, dining, shopping and more. Customers merely need to add their Thomas Cook forex cards (Borderless Travel, One Currency, Study Buddy and EnterpriseFX) to Google Pay, to enjoy a simple, swift, secure and seamless payment experience.
Thomas Cook (India) is the leading omnichannel travel company in the country offering a broad spectrum of services including foreign exchange, corporate travel, mice, leisure travel, value added services, and visa services.
| Company Name | CMP |
|---|---|
| IRCTC | 553.35 |
| Thomas Cook (India) | 107.59 |
| TBO Tek | 1225.85 |
| Transcorp Intl. | 28.29 |
| Le Travenues Techno | 175.50 |
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