Thomas Cook (India) Limited announced on Thursday the expansion of its prepaid forex card to include a total of 28 currencies. This development adds 16 new currencies to its existing portfolio of 12, positioning it as one of the most extensive offerings in the prepaid forex card market in India.
The newly added currencies encompass 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. This expansion complements existing currencies such as the US Dollar, Euro, British Pound, and Japanese Yen. The newly expanded product suite is accessible through both Visa and Mastercard platforms.
According to the company, the shift in travel preferences among Indian consumers towards emerging short-haul destinations in Asia, Southeast Asia, and Africa has driven this initiative. The forex card facilitates direct loading and spending in local currencies, thereby circumventing the costs associated with multiple currency conversions—typically from INR to USD and then to the local currency. Customers can load funds onto the card through retail locations, digital platforms, a WhatsApp service, or in collaboration with quick-commerce platform Blinkit, all within an hour.
Despite this announcement, Thomas Cook India’s stock was trading at ₹93.89 on the National Stock Exchange at midday Thursday, reflecting a decrease of 1.25% from the previous close of ₹95.08. The stock has experienced a decline of over 30% in the past year and is down nearly 37% year-to-date, significantly lagging behind the Nifty Total Market index. It reached a 52-week low of ₹86.35 in March 2026, in contrast to its 52-week high of ₹188.29. The company’s total market capitalization is approximately ₹4,415 crore, with the stock trading at a price-to-earnings ratio of 17.74.
Fairbridge Capital (Mauritius), a subsidiary of Fairfax Financial Holdings, owns 63.83% of Thomas Cook India’s paid-up capital.
Published on April 30, 2026.
