DRMumbai: Thomas Cook India, country’s leading integrated travel and travel related financial services company, has identified the state of Maharashtra as a significant growth market for its Foreign Exchange business and to leverage this opportunity has opened a branch at Hinjewadi, Pune. The branch was inaugurated by Mahesh Iyer, CEO and Deepesh Varma, Head of Sales and Relationship Management- Foreign Exchange, Thomas Cook India.
Hinjewadi, as one of India’s largest Special Economic Zones (SEZ), is home to India’s corporate houses and MNCs, including top IT majors and hence, offers significant opportunity for Thomas Cook’s Foreign Exchange business.
This is reiterated via Thomas Cook India’s internal research that reveals the strong and growing potential of Hinjewadi, which is the gateway/hub for business travellers- young professionals, corporates and SMEs. Via its new outlet, the Company aims to harness this significant yet under-leveraged opportunity for its Foreign Exchange business. The new branch augments Thomas Cook India’s Foreign Exchange network in Pune to six and 30 for the state of Maharashtra.
The consumer empowering Foreign Exchange Product-Service portfolio available at the branch:
- Prepaid Travel Cards
- Multi-currency Border-less Prepaid Card in partnership with MasterCard- with nine global currencies
- Thomas Cook One Currency Card– India’s first prepaid card with Zero cross-currency conversion fees
- Forex App; Online Forex; Forex on Mobile- Easy ways to Book for Pune’s rapidly evolving on-the-move consume
- Education Forex for Pune’s overseas student segment with discounted air fares, excess baggage, insurance and foreign exchange products
- Remittances (both Inward and Outward); its “Send Money Abroad” covering over 120 countries
Mahesh Iyer, CEO, Thomas Cook (India) Ltd., said, “Maharashtra has been identified as a key source market and Pune is a strong growth driver that continues to deliver over 30 per cent YoY for our Foreign Exchange business. We have hence selected the prime location of Hinjewadi for our new outlet in Pune. Its viable catchment of consumers across segments like families, young professionals and business travellers offer us a significant opportunity.”
Deepesh Varma said, “Our new outlet at Hinjewadi gives our consumers an easy access to a range of foreign exchange products and services. Innovative products like our Border-less Prepaid card, the One Currency Card and our Forex mobile app are of great value to Maharashtra’s tech-savvy travellers. We are confident of seeing a strong uptake.”
