Stock Report

Thomas Cook India launches FX-Now

Posted On : 2022-06-27 12:53:01( TIMEZONE : IST )

Thomas Cook India launches FX-Now

With the rapid revival of business travel and corporates accelerating their digital transformation, Thomas Cook (India) Limited - India's leading omnichannel forex services company has launched FX-Now - a pioneering digital tool that empowers its corporate segment with convenient, customizable and contactless end-to-end foreign exchange services.

Foreign exchange procedures require careful documentation and approvals - resulting in complex/cumbersome processes. In an initiative to simplify the process, yet maintain necessary checks and balances, Thomas Cook India's FX-Now ushers in a digitized foreign exchange model that ensures speed, accuracy and seamless services for its on-the-go business travellers.

Benefits for Business Travellers:

- Simple, swift, convenient and contactless online process
- In-built with traveller documentation and KYC for multiple usage
- Streamlined approval processes saving time and effort
- Auto recommendation of optimal card to currency mix
- Smooth coordination with foreign exchange provider

Benefits for Corporate Enterprise:

- Incorporates travel policy and approval matrix - customizable per corporate
- Digital upload of employee master and approval matrix for quick authorization
- Automation of critical documentation and data storage
- Simplified online approval process - single or multiple levels and on-the-go
- Digitized process ensuring accuracy
- Comprehensive MIS capabilities
- Audit trail

4 Simple Steps for Booking Forex on FX-Now

1. Enter Personal details (KYC)
2. Enter Travel Itinerary
3. Confirm system suggested Card-Currency mix
4. Check Cart and submit to Approver

Mr. Deepesh Varma, Senior Vice President, Foreign Exchange, Thomas Cook (India) Limited said, "The pandemic has served to fast track India's digital evolution and this is even more so for our corporate travellers - a critical segment for our Forex business.

With the current Forex processes being rather cumbersome, requiring significant documentation and approvals, we were keen to eliminate the pain points for our business travellers. This formed the genesis of FX-Now, our cuttingedge corporate self-booking tool that empowers our corporates with simple, swift, convenient and contactless services for end-to-end forex transactions. FX-Now is inbuilt with customisable corporate travel policies, approval matrix and customisable MIS capabilities to further benefit our corporate segment."

Shares of Thomas Cook (India) Limited was last trading in BSE at Rs. 61.25 as compared to the previous close of Rs. 56.55. The total number of shares traded during the day was 137495 in over 2871 trades.

The stock hit an intraday high of Rs. 63.00 and intraday low of 57.15. The net turnover during the day was Rs. 8303035.00.

Source : Equity Bulls


ThomasCookIndia INE332A01027 FXNOW DigitalTool ForeignExchangeServices