Announced Mon, 13 Jul · 14:36 IST
Thomas Cook launches Zero Markup Forex Card for travellers
Business Updates View source PDF
THOMASCOOK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹103.22
prior close
₹104.29
base price
In-mkt
timing
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-0.1+0.1+0.1-0.1-0.4+0.3+0.8-0.2-1.1-1.3————
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AI summary
Thomas Cook India has relaunched its One Currency Card as the Zero Markup Card, with no forex mark-up and no cross-currency conversion charges. Travellers can load money in USD to lock in exchange rates, protecting against currency volatility. Features include 10% cashback at brands like McDonald's, Starbucks, Uber, complimentary insurance up to 7.5 lakh rupees, and global acceptance in over 200 countries. The card is sold digitally via the app, website, WhatsApp, and Blinkit.
Likely market impact
New competitive product may boost forex card volumes and revenue, supporting growth in the company's core foreign exchange business.