2002 Press Releases

Buy Forex Online and Get Doorstep Delivery

Online sales of foreign exchange from thomascook.co.in

Not so long ago, you’d have to go to a moneychanger, stand in line and make sure you had all your travel documents ready just to buy a little foreign exchange. Now you can have it delivered to your doorstep.

Thomas Cook (India) Ltd, a leading travel and foreign exchange service provider, announced today that customers can buy their foreign exchange online at www.thomascook.co.in. The online service will be available in 16 cities nationwide and follows a highly successful four month pilot carried out in Mumbai.

Thomas Cook (India) Ltd is the only non-bank company with an RBI license to deal in foreign exchange and its related financial services. This move is a logical next step and effectively provides Thomas Cook with a round-the-clock outlet offering a range of foreign exchange products to consumers.

"We have a market leading travel site in thomascook.co.in and an online forex store is a natural fit with a travel portal," said Madhavan Menon, Executive Director, Thomas Cook (India) Ltd. "Since our customers can buy other travel services from us online, why not foreign exchange? Our pilot in Mumbai was very well received and so we’ve launched the service nationwide." He further informs that the Reserve Bank has been gradually increasing the Business Travel Quota allowance over the past few years. The current limit was $5,000/- per annum. An online transaction and home delivery also builds in a safety factor for the customer, he adds.

Ordering online is quick and easy with up-to-date exchange rates available online. Customers can choose between travellers cheques, currency notes and Cash Passport, Thomas Cook’s prepaid ATM card. Customers can also use a currency converter and check buy and sell rates online for over thirty different currencies.

The online service is fully integrated with the company’s 54 branches including airport outlets across the country. Customers can choose between home delivery or branch pick-up of their foreign exchange orders. Home delivery is free for orders over $3,000 and incurs a fee of Rs. 250 for orders below that amount.

Thomas Cook India created thomascook.co.in in 2000 as part of its commitment to give customers a choice of ways to access travel products and services. Today, thomascook.co.in offers holidays, flights, hotels and foreign exchange - all of which can be booked online. Backed by a state of the art call centre in Chembur and a nationwide network of 54 locations, Thomas Cook is strategically positioning itself as a truly multi-channel full service travel company