+
Thomas Cook India, NPCI Launch RuPay Forex Card for UAE
ECONOMY & POLICY

Thomas Cook India, NPCI Launch RuPay Forex Card for UAE

Thomas Cook India has announced a collaboration with the National Payments Corporation of India (NPCI) to introduce its first RuPay prepaid forex card specifically designed for Indian travelers visiting the UAE. This partnership marks a significant milestone as the UAE serves as a pilot market, with plans for a phased global rollout.

Travelers can now utilize Thomas Cook's RuPay AED (United Arab Emirates Dirham) card for extensive transactions and ATM withdrawals across the UAE. Thomas Cook India asserts that it is the pioneering company to partner with NPCI for launching the RuPay AED prepaid forex card.

Deepesh Varma, Executive Vice-President of Foreign Exchange at Thomas Cook (India), highlighted the uniqueness of this Made-in-India initiative, stating, "This innovative Made-in-India initiative is a first-of-its-kind partnership with an Indian non-banking entity."

The UAE holds strategic importance for Thomas Cook India's foreign exchange business, evidenced by the significant growth in the company's card business, with recharges and new prepaid card issuances increasing by approximately 1.5 times in FY24.

Kunal Kalawatia, Chief of Products at NPCI, emphasized the growing outbound travel from India to destinations like the UAE and the need for convenient and innovative forex services. "The introduction of the RuPay forex card in collaboration with Thomas Cook India is a progressive step towards providing convenience and innovation in forex services," he said.

Thomas Cook India has announced a collaboration with the National Payments Corporation of India (NPCI) to introduce its first RuPay prepaid forex card specifically designed for Indian travelers visiting the UAE. This partnership marks a significant milestone as the UAE serves as a pilot market, with plans for a phased global rollout. Travelers can now utilize Thomas Cook's RuPay AED (United Arab Emirates Dirham) card for extensive transactions and ATM withdrawals across the UAE. Thomas Cook India asserts that it is the pioneering company to partner with NPCI for launching the RuPay AED prepaid forex card. Deepesh Varma, Executive Vice-President of Foreign Exchange at Thomas Cook (India), highlighted the uniqueness of this Made-in-India initiative, stating, This innovative Made-in-India initiative is a first-of-its-kind partnership with an Indian non-banking entity. The UAE holds strategic importance for Thomas Cook India's foreign exchange business, evidenced by the significant growth in the company's card business, with recharges and new prepaid card issuances increasing by approximately 1.5 times in FY24. Kunal Kalawatia, Chief of Products at NPCI, emphasized the growing outbound travel from India to destinations like the UAE and the need for convenient and innovative forex services. The introduction of the RuPay forex card in collaboration with Thomas Cook India is a progressive step towards providing convenience and innovation in forex services, he said.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code