India is now a US $30 billion business travel market and is 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. In a strategy to rapidly grow its market share while supporting corporates in reducing their carbon footprint, Thomas Cook (India) Limited, India’s leading omnichannel forex services company, has launched EnterpriseFx – a pioneering, environment-friendly prepaid forex corporate card. In partnership with Visa and Mastercard, the innovative product has been thoughtfully designed, offering a range of premium benefits to empower business travellers across India Inc., multinationals, and SMEs.
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) It is made from recycled plastic
2) It has security feature of a green pin (paperless)
3) Thomas Cook pledges to plant a tree on behalf of the corporate for every 25th card sold; additionally, it has an e-certification and geo-tagging.
The cumulative impact is a saving of approximately 30 kg of carbon emissions per card. So, for one lakh EnterpriseFx cards, a significant 3000 tonnes of carbon emissions will be saved, which is equivalent to over 12 lakh trees.
The Thomas Cook EnterpriseFx Card comes with multiple benefits, such as free lounge access on International Airports in India*, complimentary international SIM card, free ATM withdrawal*, surcharge-free withdrawals at Allpoint ATMs*, comprehensive insurance cover up to Rs 7,50,000.00, among many others.
Deepesh Varma, Executive Vice President – Foreign Exchange, Thomas Cook (India) Limited, said, “Our prepaid card business is power driving our growth story with a significant uptick of 1.5x from January to December 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 approximately 30 kg of carbon emissions per card.”
