The Thomas Cook Borderless card can be loaded with nine global currencies on a single card - US Dollars, British Pounds, Euro, Australian Dollars, Canadian Dollars, Swiss Francs, Singapore Dollars, Thai Baht and United Arab Emirates Dirhams.
Additionally, the partnership benefits customers with access/acceptance across the extensive Visa network over 70 million merchant establishments and ecommerce sites worldwide, Thomas Cook said.
The stock is currently trading at Rs63.25 up by Rs1.1 or 1.77% from its previous closing of Rs62.15 on the BSE.
In the filing, the company said that the pandemic has witnessed a rapid acceleration in India’s shift to digital-first commerce. Consumer concerns on health/safety have only served to fast track the deployment of technology - reducing dependencies on physical touch points and enhancing contactless, fast and secure payment options. Visa’s report reiterates that digital payments are here to stay: with nearly two thirds (65%) of consumers stating that post-vaccine, they would prefer to use contactless payments as much as, or even more than, they are currently (The Visa Back to Business Study 2021 Outlook).
Mr. Madhavan Menon, Managing Director, Thomas Cook (India) Limited. said, “As India sees a rapid shift to digital-first commerce, our sustained focus on technology led innovations has seen extension of our portfolio with the introduction of our Borderless multicurrency prepaid card in partnership with Visa. The card offers significant consumer benefits. In addition to nine global currencies, the chip and pin security enabled Borderless prepaid card provides customers with access to the largest global network of merchant establishments, ecommerce sites and ATMs. The top up and seamless shift to multiple currency wallets makes cross border travel smooth and effortless.”