Thomas Cook India introduces Zero Markup Forex Card
Deepesh Varma, Chief Business Officer – Foreign Exchange, Thomas Cook (India) Limited with Mahesh Iyer – Managing Director & Chief Executive Officer, Thomas Cook (India) Ltd
The group relaunched its One Currency Card with Zero Mark-up and Zero Cross-Currency Conversion charges. The card offers travellers protection against currency volatility during international travel.
Thomas Cook (India) Limited has introduced Zero Markup Card by relaunching its One Currency Card with Zero Mark-up and Zero Cross-Currency Conversion Charge. Designed for India’s rapidly growing base of digitally savvy and frequent international travellers, the card aims to offers a smarter, more transparent and cost-efficient payment solution for overseas travel.
The company’s latest offering combines the convenience of modern travel cards with the inherent advantages of a prepaid forex card, including the ability to lock in foreign exchange rates before travel. This provides customers protection against currency volatility — a key concern amid the heightened fluctuations witnessed across global currencies this year.
The Zero Markup Card has been designed to address four key pain points faced by travellers today including Zero Forex Markup on card loading, eliminating additional forex mark-up charges at the time of purchasing or loading foreign exchange; Zero Cross-Currency Conversion Charges, enabling travellers to make seamless payments in currencies beyond USD without incurring additional conversion costs; Protection against currency volatility, allowing travellers to pre-load the card in USD and lock in exchange rates before travel, helping safeguard against fluctuations in the Indian Rupee and major global currencies such as the US Dollar. The card is available through Thomas Cook India’s digital-first platforms. The card also offers several travel-friendly features and benefits.
Deepesh Varma, Chief Business Officer – Foreign Exchange, Thomas Cook (India) Limited, said, “Today’s travellers are far more value-conscious and digitally savvy when it comes to international spending. Our Zero Markup Forex Card has been designed to address the very specific needs of today’s traveller by combining zero markup and zero cross-currency conversion charges with the unique advantage of locking in exchange rates before travel. This gives customers greater control over their overseas spends while protecting them from unpredictable exchange rate movements during their journey – an advantage that is especially relevant in today’s volatile currency environment. The initiative reiterates Thomas Cook’s position as ‘India ka Forex Specialist’ and reflects our sustained focus on innovation and elevated customer experience.”
