Thomas Cook India Partners with NPCI

Thomas Cook (India), a travel services provider, announced on Tuesday its partnership with the National Payments Corporation of India (NPCI) to introduce its inaugural RuPay prepaid currency card. This card is specifically designed for Indian travelers visiting the UAE.

Thomas Cook stated that the cooperation will begin with the UAE as a pilot, and will then be expanded globally in a gradual manner.

Travelers can use Thomas Cook's RuPay AED card extensively throughout the UAE for both transactions and ATM withdrawals.

Read also - Myntra Launches Rising Star Program for D2C Brands in Beauty and Personal Care

The corporation asserted its exclusive status as the inaugural and sole partner with NPCI in introducing the RuPay AED prepaid forex card.

The United Arab Emirates (UAE) holds a large position in the global market for Thomas Cook (India)'s foreign currency industry. The company's card business has experienced substantial development, with a rise of about 1.5 times in both recharge and issuance of new prepaid cards during FY24.

Kunal Kalawatia, NCPI Chief of Products, said: "As outbound travel from India to destinations like the UAE is on the rise, the introduction of RuPay forex card in collaboration with Thomas Cook India is a progressive step towards providing convenience and innovation in forex services,"

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.