Partnership Announcement: Thomas Cook India Joins Forces with Muthoot Group to Enhance Payment Solutions
Thomas Cook India has partnered with Muthoot Group to expand their payment solutions business. This collaboration aims to utilize Muthoot's extensive branch network across India for enhanced accessibility of prepaid forex cards.
Partnership Announcement: Thomas Cook India Joins Forces with Muthoot Group to Enhance Payment Solutions
Thomas Cook (India) Limited has formed a strategic partnership with Muthoot Forex to broaden the reach of its Borderless Travel and Study Buddy Cards. This collaboration will enable both prepaid forex cards to be accessible through Muthoot’s extensive network of over 7,000 branches, including 43 dedicated forex branches, throughout various locations in India.
Deepesh Varma’s Statement
Deepesh Varma, Executive Vice President – Foreign Exchange at Thomas Cook (India) Limited, expressed:
“At Thomas Cook India, we are committed to making our forex card solutions smooth, seamless and rewarding for our customers. 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.”
Product Benefits
1) Borderless Travel:
Thomas Cook’s prepaid Borderless Travel Card is an efficient, secure solution for outbound leisure travelers, featuring benefits such as:
- Support for 12 global currencies for international transactions.
- Free emergency cash assistance and card replacement.
- Complimentary global SIM card.
- Secure with embedded chip & pin security and insurance cover of up to ₹7.5 lakh.
2) Study Buddy Card:
Tailored for Indian students studying abroad, it offers:
- Free International Student Identity Card (ISIC).
- Free global SIM card and monthly ATM withdrawals.
- Zero markup on transactions in base currency.
- Comprehensive fraud protection insurance and 24/7 customer support.
