Thomas Cook India eyes high growth outward remittances segment

With industry data reflecting a robust 25% year-on-year growth for the last 2 years, India’s outbound remittances market represents a significant opportunity. Data from Thomas Cook (India) also reiterates the strong growth momentum in its outbound remittances business. Hence, with a focussed intent to maximise on this potential, Thomas Cook (India) Limited, has announced the launch of TCPay, a new digital service that brings ease and efficiency to international money transfers.

Traditionally, sending money abroad was considered an arduous process, that involved visits to branches, cumbersome paperwork and limited operating hours. Recognising the challenges, Thomas Cook has introduced TCPay that offers multiple benefits to transform the way individuals transfer funds. The simple digital platform coupled with Thomas Cook’s recently launched Video KYC process, empowers customers with paperless transfers from the comfort and convenience of their home.

Deepesh Varma, Executive Vice President, Thomas Cook (India) Limited, said, “Our data indicates a significant growth in our outward transfers business. Hence reinforcing the Company’s digital-first approach and our intent to maximise our market share in this high potential segment, we have introduced our latest digital solution – TCPay.

The TCPay commitment will ensure smooth and seamless outward remittances for individuals and businesses, as well as facilitate digitization of the remittance process combined our additional digital services like Video KYC verification option. This launch is not merely a service, but a testament to the Thomas Cook India Group’s unwavering focus on creating digital-first innovation and customer-centricity.”

Thomas Cook India eyes high growth outward remittances segment

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