Thomas Cook India launches FX-Now

FX-Now is a digital tool that empowers its corporate segment with convenient, customisable and contactless end-to-end foreign exchange services

With the rapid revival of business travel and corporates accelerating their digital transformation, Thomas Cook (India) Limited has launched FX-Now - a digital tool that empowers its corporate segment with convenient, customisable 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 digitised foreign exchange model that ensures speed, accuracy and seamless services for its on-the-go business travellers.

Benefits for Business Travellers:

  • Simple, swift, convenient and contactless online process
  • In-built with traveller documentation and KYC for multiple usage
  • Streamlined approval processes saving time and effort
  • Auto recommendation of optimal card to currency mix
  • Smooth coordination with foreign exchange provider

Benefits for Corporate Enterprise:

  • Incorporates travel policy and approval matrix – customisable per corporate
  • Digital upload of employee master and approval matrix for quick authorisation
  • Automation of critical documentation and data storage
  • Simplified online approval process – single or multiple levels and on-the-go
  • Digitised 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

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 travellers. 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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