Thomas Cook India reiterates strong growth impetus in ORB

With industry data which reflects a vigorous 25% year-on-year growth for the past 2 years, India’s outbound remittances market is representing a crucial opportunity. In its outbound remittances business, data from India’s leading omnichannel forex services company, Thomas Cook (India), also reiterates the strong growth momentum . Hence, with a focussed intention for maximising on this potential, Thomas Cook (India) Limited, has made the announcement of the launch of a new digital service, TCPay, bringing efficieny and ease  to international money transfers.

 Traditionally, sending money abroad was considered an arduous process, that involved visits to branches, cumbersome paperwork and limited operating hours. Recognising the challenges, Thomas Cook has introduced TCPay that offers multiple benefits to transform the way individuals transfer funds. The simple digital platform coupled with Thomas Cook’s recently launched Video KYC process, empowers customers with paperless transfers from the comfort and convenience of their home.

 The TCPay Advantage:

• Convenience of 24X7 access

• Paperless transfers
• Simple & Seamless digital interface, across Thomas Cook’s Digital Tools: FXNOW (B2C app), Portal; Call Center for assistance
• Video KYC - seamless digital process for convenient, safe and quick transactions

 To promote the launch, the company has conceptualised an engaging video that highlights the convenience and ease-of-use of TCPay.

 Deepesh Varma, Executive Vice President, Thomas Cook (India) Limited, said, “Our data indicates a significant growth in our outward transfers business. Hence reinforcing the Company’s digital-first approach and our intent to maximise our market share in this high potential segment, we have introduced our latest digital solution - TCPay.

The TCPay commitment will ensure smooth and seamless outward remittances for individuals and businesses, as well as facilitate digitization of the remittance process combined our additional digital services like Video KYC verification option. This launch is not merely a service, but a testament to the Thomas Cook India Group’s unwavering focus on creating digital-first innovation and customer-centricity.”