Thomas Cook (India) has teamed up with MasterCard Worldwide to introduce a new travel card known as the Thomas Cook One Currency Card.
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The new card offers single load currency (USD) and zero cross currency conversion fees worldwide.
The chip and PIN-enabled card enables locking of funds to prevent cross currency fluctuations, instant loading, emergency cash disbursement, as well as encashment of the residual balance or use for future travel.
Customers will get a free replacement card in case of lost or stolen card alongside 24/7 global emergency assistance.
Thomas Cook India COO – foreign exchange and head – visas Mahesh Iyer said: "With exponential growth in multi-national travel, the need of the hour was clearly a single currency card, sans the downside of cross currency charges.
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By GlobalData"As pioneers in the foreign exchange business, our innovative the Thomas Cook One Currency Card, the first of its kind in India, brings Indian travellers a strong value proposition: zero currency conversion charges in a digital currency ecosystem."
