Thomas Cook (India) Limited has introduced an industry-first cross-border rewards programme for customers using its forex cards, as disclosed in a regulatory filing under SEBI Listing Regulations Regulation 30.
The programme offers forex card customers 10% rewards-back on POS, contactless, and e-commerce spends across select global retail brands including Grab, 7-Eleven, Starbucks, McDonald's, KFC, Careem, and Burger King. The rewards are applicable on a minimum spend of USD 25 per merchant, with customers able to earn cashback of up to USD 10 per day across participating merchants. Rewards will be issued in the form of Amazon vouchers, subject to applicable terms and qualifying spend thresholds.
The initiative is available across all Thomas Cook India's Visa and Mastercard Forex Cards and complements the cards' existing benefits including multi-currency capabilities, global acceptance, and integration with digital payment platforms such as Google Pay.
According to Mr. Deepesh Varma, Chief Business Officer – Foreign Exchange, Thomas Cook (India) Limited, the programme is designed to encourage customers to actively transact using their Borderless Travel Card across transport, dining, retail, and lifestyle categories while earning meaningful benefits. The initiative supports the company's objective of accelerating the shift from cash withdrawals to secure, contactless, and digital-first payment solutions.
The programme reinforces the company's recent expansion to 28 currencies and aims to drive greater usage of prepaid forex cards for everyday overseas purchases, encourage a shift from cash withdrawals to retail spends, and deepen customer engagement through repeat usage.
Additional Company Context
Thomas Cook (India) Limited is India's leading omnichannel foreign exchange services company, operating since 1881. The company offers a broad spectrum of services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel and Value Added Services. It operates leading B2C and B2B brands including Thomas Cook, SOTC, TCI, SITA, Asian Trails, Allied TPro, Australian Tours Management, Desert Adventures, Travel Circle International Limited (TCI 勝景遊), Sterling Holiday Resorts Limited, Distant Frontiers, TC Tours, Digiphoto Entertainment Imaging (DEI), Go Vacation, Private Safaris East & South Africa.
The Thomas Cook India Group spans 28 countries across 5 continents and has received numerous industry awards including ET Edge's Best Organizations for Women (BOW) 2026, MICE Powerhouse at MaxiiiMICE Awards 2025, and Outbound Travel Operator of the Year (2024).
CRISIL has reaffirmed the rating on debt programs and bank facilities of TCIL - 'CRISIL AA/Stable' on the long-term bank facilities and 'CRISIL A1+' rating on the short-term bank facilities and short-term debt of the company, representing the highest rating for a travel & tourism company in India.
Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings Limited, is the promoter of TCIL with a shareholding of 63.83% of its paid-up capital.