Thomas Cook (India) Limited on Thursday announced an expansion of its prepaid forex card to 28 currencies, adding 16 new currencies to its existing portfolio of 12 — creating one of the widest currency offerings on a prepaid forex card in India.
The newly added currencies include the Chinese Yuan, Vietnamese Dong, Malaysian Ringgit, Indonesian Rupiah, South Korean Won, Philippine Peso, South African Rand, Kuwaiti Dinar, Bahraini Dinar, Qatari Riyal, Omani Riyal, Hong Kong Dollar, Bangladeshi Taka, Swedish Krona, Danish Krone and Norwegian Krone. These join existing currencies such as the US Dollar, Euro, British Pound and Japanese Yen. The expanded suite is available on both Visa and Mastercard platforms.
The company cited shifting travel patterns among Indian consumers toward emerging short-haul destinations in Asia, Southeast Asia and Africa as the primary driver. To avoid the cost of layered conversions — typically INR to USD to local currency — the card allows direct loading and spending in local currencies. Customers can load forex through retail outlets, digital platforms, a WhatsApp service, or via a partnership with quick-commerce platform Blinkit in under an hour.
Despite the product announcement, Thomas Cook India’s stock was trading at ₹93.89 on NSE at midday Thursday, down 1.25 per cent from its previous close of ₹95.08. The stock has shed over 30 per cent in the past year and is down nearly 37 per cent year-to-date, significantly underperforming the Nifty Total Market index. It touched a 52-week low of ₹86.35 in March 2026, well off its 52-week high of ₹188.29. The company’s total market capitalisation stands at approximately ₹4,415 crore. The stock trades at a P/E of 17.74.
Fairbridge Capital (Mauritius), a subsidiary of Fairfax Financial Holdings, holds 63.83 per cent of TCIL’s paid-up capital.
Published on April 30, 2026
