Thomas Cook India launches FX-Now, New Corporate booking tool; stock slips ~1%

27 Jun 2022 , 12:36 PM

Thomas Cook (India) Limited, India’s leading omnichannel forex services company, announced the launch of FX-Now, a game-changing digital tool that provides its corporate segment with convenient, customizable, and contactless end-to-end foreign exchange services.

Foreign exchange procedures necessitate meticulous documentation and approvals, resulting in complex/time-consuming procedures. Thomas Cook India’s FX-Now introduces a digitized foreign exchange model that ensures speed, accuracy, and seamless services for its on-the-go business travellers in an effort to simplify the process while maintaining necessary checks and balances.

“The pandemic has served to accelerate India’s digital evolution, and this is especially true for our corporate travellers – a critical segment for our Forex business,” commented Deepesh Varma, Senior Vice President, Foreign Exchange of Thomas Cook.

The tool is simple, swift, convenient, and has a contactless online process. In-built with traveller documentation and KYC for multiple usages.

Varma further added, “With the current Forex processes being rather cumbersome, requiring significant documentation and approvals, we were keen to eliminate the pain points for our business travellers. This formed the genesis of FX-Now, our cutting-edge corporate self-booking tool that empowers our corporates with simple, swift, convenient, and contactless services for end-to-end forex transactions.

FX-Now consists of customizable corporate travel policies, approval matrix, and customizable MIS capabilities to further benefit our corporate segment.”

At around 12.40 PM, Thomas Cook was trading at Rs60.75 down by Rs0.5 or 0.82% from its previous closing of Rs61.25 on the BSE. The scrip touched intraday high and low of Rs61.95 and Rs60 respectively.