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Thomas Cook partners with Ratnakar Bank

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ETW StaffMumbai

Thomas Cook (India), integrated travel and travel related financial services company has announced its partnership with RBL Bank (Ratnakar Bank), to distribute its innovative multi-currency Borderless Prepaid Card via the bank’s 185 branches across India. The collaboration expands the reach of Thomas Cook India’s Borderless Prepaid Card via the extensive network of RBL Bank, across India’s metros, mini metros, emerging Tier II and III regional markets and rural India.

The Borderless Prepaid Card offers travellers the advantage of loading up to eight currencies on a single prepaid card (US Dollars, British Pounds, Euro, Australian Dollars, Canadian Dollars, Swiss Francs, Singapore Dollars and Japanese Yen); thus empowering the cardholder with immediate access to destination currency. Unique consumer-centric features on the card include instant loading; emergency cash disbursement and free replacement card in case stolen or lost and 24×7 global emergency assistance via toll free access in over 80 countries. The chip and pin features of the Borderless Prepaid Card safeguards the security of the traveller, ensuring smooth travel across countries.

Ritesh Pai, senior vice president and head – direct banking channels, RBL Bank, said, “RBL Bank is privileged to be a part of the distribution network of this pioneering innovation. The Thomas Cook India and MasterCard joint-invention of the EMV Compliant Borderless Prepaid Card will be of substantial benefit to India’s tech-savvy and new-age travellers. With increasingly large number of Indians commuting abroad for the purpose of business, leisure and education, a single card with provisions for eight currencies will certainly increase travellers’ convenience and enhance security as well. We will leverage our bank’s network of branches across the country to market this outstanding product to a large number of our patrons.”

Commenting on the partnership, Mahesh Iyer, COO, foreign exchange, Thomas Cook (India), said, “Thomas Cook India is truly delighted to partner with RBL Bank, one of India’s fastest growing commercial financial institutions, to offer India’s outbound travellers easy access to our unique Borderless Prepaid Card. Our collaboration with RBL Bank takes our legacy as innovators and pioneers in the travel and payment solutions business a definite step forward.”

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