Business Update22 May 2024, 11:44 pm
Thomas Cook India Announces Aggressive Expansion Strategy for Forex Business, Opens 8 New Outlets, Now Serves Over 130 Locations
AI Summary
Thomas Cook India, India's leading omnichannel forex services company, recently announced an aggressive expansion strategy. This strategy includes the inauguration of 8 new forex outlets, bringing the total number to 134 locations across the country. The physical expansion is accompanied by digital initiatives such as TCPay, Video KYC, FxMATE, and FKNOW, which have led to a 25% increase in digital adoption. Thomas Cook India is India's largest non-bank foreign exchange services provider, witnessing a significant 24% YoY growth for the twelve-month period ended March 31, 2024.
Key Highlights
- Thomas Cook India inaugurated 8 new forex outlets in the last quarter
- Foreign exchange business has seen a noteworthy increase in digital adoption to 25%
- Thomas Cook India's foreign network currently extends to over 130 locations
- India's largest non-bank foreign exchange services provider grew by 24% YoY for the past year.
- Newly opened forex outlets located in Chennai, Hyderabad, Jaipur, Faridabad, Bengaluru, Delhi, Lucknow, and Bhuj.