Banking on corporate travel, which is the fastest growing segment with over 50 pc share of the outbound travel market in India, forex services company Thomas Cook India has launched EnterpriseFx, an environment friendly prepaid forex corporate card.

According to a press statement by Thomas Cook, the new product has been launched in partnership with Visa and Mastercard to offer a range of premium benefits to empower business travellers of all categories.

The statement adds that the EnterpriseFx Card features three key elements, that it is made from recycled plastic, has a security feature of a green pin and that Thomas Cook has pledged to plant a tree for every 25th card sold with an e-certification and geo-tagging. The cumulative impact is a saving of approximately 30 kg carbon emissions per card, says the company. 

Deepesh Varma

“Our prepaid card business is power driving our growth story with a significant uptick of 150 pc year-on-year for January-December 2023. In a strategic move to leverage India’s powerful business travel market, I am delighted to announce yet another first-mover initiative, our EnterpriseFx Card in collaboration with Mastercard and Visa. This pioneering eco-friendly card is set to be a game changer: both in its sustainability focus and in elevating the consumer experience,” says Deepesh Varma, Executive Vice President, Foreign Exchange, Thomas Cook (India).

The statement adds that the Thomas Cook EnterpriseFx Card advantages will include such as Thomas Cook Edge reward points on spends with redemption for holidays, flights and hotels, free lounge access valid on international airports in India, complimentary international SIM card and free cash withdrawal.

Anubhav Gupta

“This exciting collaboration with Thomas Cook for Mastercard Forex card underscores the company’s commitment to offering the best rewards to cardholders while ensuring their peace of mind through safe and secure transactions. It comes loaded with a whole gamut of exciting offers and benefits, such as one-night free stay at over 2,000 hotels worldwide, car rental offers and dining experiences. Moreover, the new card will further sensitize the corporate sector about the importance of embracing sustainable products and solutions,” says Anubhav Gupta, Senior Vice President, Business Development, South Asia at Mastercard.

Sujai Raina

“We are thrilled to partner with Thomas Cook to introduce their new Visa Forex cards for the corporate traveller, made from recycled plastic and affirming our commitment to sustainability with features like the green PIN. As a global leader, Visa provides unparalleled international acceptance, so our consumers can use their Visa cards wherever they go. With robust risk mechanisms and round-the-clock payment security, we believe this card will be a great choice for corporate travellers. As we continue to innovate responsibly with our partners, we look forward to enhancing the travel experience with the great benefits this proposition brings to cardholders,” says Sujai Raina, Head, Business Development, India, Visa.