Thomas Cook India, a leading financial and travel services provider, has announced the launch of its latest financial product, the Borderless Travel Card. This new offering is designed to cater to international leisure travelers, providing them with a secure, convenient, and efficient way to manage their foreign exchange needs while abroad. The announcement was made on March 11, 2025, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring complete transparency in the company’s financial disclosures.

The Borderless Travel Card is a prepaid forex card that allows travelers to load multiple currencies in advance, enabling them to make seamless transactions across various international destinations. It is specifically targeted at domestic travelers who are heading abroad for leisure purposes. With a range of supported currencies, including USD, EUR, GBP, AUD, CAD, SGD, JPY, THB, AED, CHF, SAR, and NZD, the card ensures a hassle-free experience for users by eliminating the need to carry cash or exchange currency frequently.

Key Features of the Borderless Travel Card:

• Multi-Currency Support: Travelers can load and manage multiple foreign currencies on a single card, making it easy to switch between them as needed.
• Global Usability: The card is accepted at millions of merchants worldwide and ATMs that support international prepaid forex cards.
• Security & Fraud Protection: The card comes with chip and PIN protection, ensuring safety against unauthorized transactions.
• Ease of Use: Customers can manage their card balance, check exchange rates, and reload currency through Thomas Cook India’s online portal and mobile app.

Impact of the Launch on Travelers and the Market

The introduction of the Borderless Travel Card aligns with Thomas Cook India’s commitment to providing seamless financial solutions for Indian travelers exploring international destinations. With the increasing demand for secure and digital payment solutions while traveling, prepaid forex cards have become a preferred choice over traditional cash-based transactions.

This launch also comes at a crucial time when international travel is witnessing a resurgence. The ability to lock exchange rates in advance shields travelers from foreign currency fluctuations, allowing for better budgeting and expense management. Additionally, unlike credit and debit cards, which often come with hidden forex markup fees, the Borderless Travel Card ensures cost-effective currency conversion.

Compliance with SEBI Regulations and Financial Transparency

The disclosure of this new product launch follows the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which mandates publicly listed companies to disclose key financial developments that could impact investors and stakeholders. Thomas Cook India has consistently adhered to SEBI’s transparency norms, ensuring that shareholders and the market remain informed about its latest business initiatives.

The company has officially notified both BSE Limited and the National Stock Exchange of India (NSE) under the scrip codes 500413 (BSE) and THOMASCOOK (NSE). This announcement is expected to strengthen investor confidence, as it highlights the company’s focus on innovation and customer-centric financial solutions.

Market Outlook and Future Prospects

The prepaid forex card market in India is witnessing rapid growth, driven by an increase in outbound travel, digital payment adoption, and growing demand for hassle-free foreign exchange solutions. With this launch, Thomas Cook India aims to capture a significant share of this expanding market, offering a product that caters to modern travelers’ financial needs.

Given its broad range of supported currencies, secure transactions, and easy management features, the Borderless Travel Card is set to become a preferred choice for Indian travelers looking for a smart and convenient way to manage their expenses abroad.

In conclusion, Thomas Cook India’s Borderless Travel Card is a game-changer in the forex services sector, enhancing the travel experience for Indian customers by providing them with a secure, cost-effective, and user-friendly foreign exchange solution. This move not only strengthens the company’s position in the financial services industry but also underscores its commitment to innovation, regulatory compliance, and customer convenience.

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