Thomas Cook India & Muthoot Group join hands to expand payments solutions business
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Strategic partnership to leverage Muthoot Group’s extensive network of 7,000+ branches pan-India for Thomas Cook’s Borderless Travel and Study Buddy pre-paid cards.
Thomas Cook (India) Limited has announced a strategic partnership with Muthoot Forex, the foreign exchange division of the Muthoot Group, to expand the reach of its Borderless Travel and Study Buddy Cards. Through this collaboration, both prepaid forex cards will be available across Muthoot’s network of 7,000+ branches, including 43 forex branches – across India’s metros, mini-metros and Tier 2-4 source markets.
Thomas Cook’s pre-paid Borderless Travel Card is a smart, secure, and convenient solution for India’s outbound leisure travellers. The benefits of the card includes, supports 12 global currencies for seamless international transactions and access to over 70 million; mastercard and Visa merchant establishments in over 200 countries; free emergency cash assistance and card replacement (for lost/stolen cards); complimentary International global SIM card; secure with embedded chip & pin security; complimentary insurance cover up to INR 7.5 lakh; complimentary Airport meet & greet, free lounge access and porter services at selected international airports in India; 25% discount on selected attractions and unique experiences; 1,000 Thomas Cook Edge Reward Points on loading USD 1,000 (or equivalent) and up to 500 points on card spend, redeemable for holidays, flights and hotels from Thomas Cook India; free ATM withdrawal; eco-friendly card crafted from recycled plastic, promoting sustainability; and 24x7 Customer Support available via call centre, email and web support.
Study Buddy Card, curated for Indian students studying abroad, is said to offer free International Student Identity Card (ISIC); free global SIM Card; free ATM withdrawal once a month and surcharge free withdrawals at All Point ATMs in USA, Canada, Mexico, UK and Australia; zero Mark up on transactions in base currency; comprehensive fraud protection insurance and 24x7 customer support; free emergency cash assistance and free card replacement on loss of card; free lounge access at international airports in India; and KrisFlyer miles on every forex purchase.
Deepesh Varma, Executive Vice President – Foreign Exchange, Thomas Cook (India) Limited, said, “Our alliance with The Muthoot Group leverages our powerful synergies—combining our expertise in travel and foreign exchange with Muthoot’s extensive network across India’s tier 1-4 source markets. Through this partnership, we aim to bring our Borderless Travel and Study Buddy cards closer to consumers across India’s metros and regional markets, making international travel and study abroad even more convenient and accessible.”