In a strategy to rapidly grow its market share while supporting corporates in reducing their carbon footprint, Thomas Cook (India) has launched EnterpriseFx – an environment friendly prepaid forex corporate card. In partnership with Visa & Mastercard, the innovative product has been thoughtfully designed, offering a range of premium benefits to empower business travellers – across India Inc, multinationals and SMEs.
India is now a US $30Bn business travel market, and expected to triple by 2030 (KPMG). Thomas Cook’s forex prepaid card data reiterates that the corporate/business traveller is its fastest growing segment with over 50% share.
This initiative reiterates Thomas Cook’s position as India ka Forex Specialist (#IKFS) – highlighting the Company’s sustained focus on innovation and elevated customer experience.
Aligned with the Company’s sustainability goals, Thomas Cook’s EnterpriseFx Card features three key elements: 1) made from recycled plastic 2) security feature of a green pin (paperless) 3) Thomas Cook pledge to plant a tree on behalf of the Corporate for every 25th card sold; additionally an e-certification and geo-tagging. The cumulative impact is a saving of approx. 30 kgs carbon emissions per card. So, for 1 lakh EnterpriseFx cards, a significant 3000 tonnes of carbon emission was saved which is equivalent to over 12 lakh trees.
The Thomas Cook EnterpriseFx Card Advantage:
Thomas Cook Edge reward points on spends (on POS transactions) with redemption for Holidays, Flights & Hotels
Free Lounge Access valid on International Airports in India
Complimentary international SIM card
Free ATM Withdrawal
Complimentary Youth Card: 1,50,000+ discounts and offers across 60,000+ Brands in 125+ Countries
Surcharge-free withdrawals at Allpoint ATMs
Comprehensive insurance cover up to Rs. 7,50,000.00
Free card replacement
Emergency cash assistance
Earn Krisflyer (Singapore Airlines) Miles on card issuance
Special offers on select McArthurGlen designer shopping outlets in Europe
Thomas Cook India is India’s largest non-bank foreign exchange services provider with its prepaid card business witnessing a strong uptick of 1.5x YoY for the twelve-month period ended December 31, 2023.
Deepesh Varma, Executive Vice President – Foreign Exchange, Thomas Cook (India) said, “Our prepaid card business is power driving our growth story with a significant uptick of 1.5x YoY for Jan-Dec 2023. In a strategic move to leverage India’s powerful business travel market, I am delighted to announce yet another first-mover initiative – our EnterpriseFx Card in collaboration with Mastercard and Visa. This pioneering eco-friendly card is set to be a game changer: both in its sustainability focus and in elevating the consumer experience.
The EnterpriseFx Card comes loaded with a range of benefits such as Thomas Cook Edge reward points, a Youth Card where business travellers under the age of 35 can avail exclusive discounts across brands in over 125 countries, emergency cash assistance, and much more!
Aligning with our Company’s green initiative, this eco-friendly card has been made with recycled plastic, comes with a paperless pin and the Thomas Cook pledge of planting a tree on behalf of the Corporate for every 25th card sold – saving approx. 30kg of carbon emissions per card.”
