Thomas Cook India Introduces TCPay for International Money Transfers

On May 10, 2024, Thomas Cook India informed the exchanges about the launch of TCPay, a new digital service that simplifies and streamlines international money transfers.

The company stated that the conventional way to send money abroad was regarded as a difficult process that involved visits to branches, cumbersome paperwork, and fixed working hours. Addressing these challenges, Thomas Cook has introduced TCPay, which offers numerous benefits that transform how individuals transfer funds. The simple digital platform, associated with Thomas Cook’s recently launched Video KYC process, assists customers in transferring funds from the comfort and convenience of their homes.

The new TCPay service comes with several advantages like accessible 24*7, paperless transfer, and a simple and seamless digital interface across Thomas Cook’s digital tools: FXNOW (B2C app), Portal, and Call Center for assistance.

Speaking of this new service launch, the Executive Vice President of Thomas Cook (India) Limited, Deepesh Varma, 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.”

He further added, “The TCPay commitment will ensure smooth and seamless outward remittances for individuals and businesses, as well as facilitate digitisation of the remittance process combined with 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.”

About Thomas Cook (India) Limited 

Thomas Cook (India) Limited (TCIL) is one of the leading omnichannel travel companies in India. The company offers a wide array of services such as Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Value Added Services, and Visa Services. It operates renowned B2C and B2B brands, including SOTC, Thomas Cook, TCI, Asian Trails, SITA, Allied TPro, Australian Tours Management and more. With its headquarters in the Asia-Pacific region, The Thomas Cook India Group boasts a vast network spanning 28 countries across 5 continents.

On May 10, 2024, the share price of Thomas Cook (India) Ltd opened at ₹202.20, touching the day’s high at ₹203.95, as of 11:52 AM on the NSE.

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