Thomas Cook India inks agreement to set up Forex outlets at Manohar International Airport, Mopa. Th
Thomas Cook (India) Limited has inaugurated new Forex outlets at the new Manohar International Airport – at Mopa, Goa. The Company has won a five-year contract for setting up and operating four foreign exchange counters at the new Goa Airport. This expands Thomas Cook India’s forex network/consumer access in Goa to six outlets: two branches and four airport outlets. In addition, the company operates 25 airport counters across India, Sri Lanka and Mauritius.
In an initiative to ensure safe, seamless and convenient merchant payments, Thomas Cook’s Goa airport counters will empower foreign nationals from G20 nations and NRIs, with UPI enabled INR transactions on arrival. Travellers can then access their INR wallet to ensure smooth and secure digital payments across millions of merchant establishments equipped with the UPI QR facility pan India. The prepaid payment product is issued by Pine Labs under the PPI authorisation obtained from RBI.
Goa is a key and significant growth market for tourism – for both inbound and outbound, in addition to the domestic market. With strong pent-up demand and easing of restrictions driving positive consumer sentiment, consumers are displaying high travel desire. The new Mopa Airport is expected to serve approx. 4.3 Mn passengers in the first year with an increase to approx. 13.1 million passengers within 5 years. The new forex counters at the airport offer Thomas Cook significant opportunity to capitalise on the foreign exchange requirements of both inbound and outbound travellers.
Deepesh Varma, executive vice-president – Foreign Exchange, Thomas Cook (India) Limited said, “Goa is a strong high growth market for us at Thomas Cook India. With the new Manohar International Airport at Mopa (Goa), and its anticipated passenger loads of approx. 13.1 million in five years, we foresee a significant forex requirement in the region. We are hence delighted to announce Thomas Cook’s successful bid for a five- year contract at Goa’s Mopa airport. Our four new foreign exchange counters will ensure smooth and secure customer transactions at this prime gateway airport.
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