Thomas Cook (India) Limited has informed the Exchange regarding a press release dated July 24, 2025, titled "Thomas Cook India becomes first Forex Card provider in India to enable contactless Cross-Border payments in partnership with Google Pay & Visa".
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Thomas Cook India has become the first forex card provider in India to enable contactless cross-border payments through a new partnership with Google Pay and Visa. Customers can now add Thomas Cook's prepaid forex cards (Borderless Travel, One Currency, Study Buddy, EnterpriseFX) to Google Pay and complete tap-and-pay or online transactions in 95 countries without needing the physical card. The company noted that digital platforms already contribute over 20% to its forex business, and cited India's UPI growth — 16.58 billion transactions worth INR 23.49 lakh crore as of October 2024, up 45% year-on-year — as evidence of rising digital payment adoption. The move targets India's young, digitally-savvy outbound travellers, especially millennials and Gen Z who increasingly prefer mobile-first payment experiences.
This is a product differentiation and capability upgrade rather than a financial event, so any immediate stock price impact is likely limited. However, it strengthens Thomas Cook's competitive position in the crowded forex market and could help grow its card customer base among younger digital-first travellers over time. Investors should treat this as a brand and innovation enhancement, not a near-term revenue catalyst.