Thomas Cook India launches FX-Now

Foreign exchange procedures require careful documentation and approvals - resulting in complex/cumbersome processes


With the rapid revival of business travel and corporates accelerating their digital transformation, Thomas Cook (India) Limited - India’s leading omnichannel forex services company has launched FX-Now - a pioneering digital tool that empowers its corporate segment with convenient, customizable, and contactless end-to-end foreign exchange services.

Foreign exchange procedures require careful documentation and approvals - resulting in complex/cumbersome processes. In an initiative to simplify the process, yet maintain necessary checks and balances, Thomas Cook India’s FX-Now ushers in a digitized foreign exchange model that ensures speed, accuracy, and seamless services for its on-the-go business travelers.

Benefits for Business Travellers:

· Simple, swift, convenient, and contactless online process

· In-built with traveler documentation and KYC for multiple usages

· Streamlined approval processes saving time and effort

· Auto recommendation of the optimal card to currency mix

· Smooth coordination with the foreign exchange provider

Benefits for Corporate Enterprise:

· Incorporates travel policy and approval matrix – customizable per corporate

· Digital upload of employee master and approval matrix for quick authorization

· Automation of critical documentation and data storage

· Simplified online approval process – single or multiple levels and on-the-go

· Digitized process ensuring accuracy

· Comprehensive MIS capabilities

· Audit trail

  • 4 Simple Steps for Booking Forex on FX-Now

1. Enter Personal details (KYC)

2. Enter Travel Itinerary

3. Confirm system suggested Card-Currency mix

4. Check Cart and submit to Approver

Mr. Deepesh Varma, Senior Vice President, Foreign Exchange, Thomas Cook (India) Limited said, “The pandemic has served to fast track India’s digital evolution and this is even more so for our corporate travellers – a critical segment for our Forex business. With the current Forex processes being rather cumbersome, requiring significant documentation and approvals, we were keen to eliminate the pain points for our business travelers. This formed the genesis of FX-Now, our cutting-edge corporate self-booking tool that empowers our corporates with simple, swift, convenient, and contactless services for end-to-end forex transactions. FX-Now is inbuilt with customisable corporate travel policies, approval matrix, and customisable MIS capabilities to further benefit our corporate segment.”

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