Thomas Cook India, an omnichannel travel company, has announced the launch of TCPay, a new digital service that provides efficiency to international money transfers.
The company highlighted that as per industry data, a robust 25% year-on-year growth for the last 2 years, India’s outbound remittances market represents a significant opportunity.
TCPay offers multiple benefits to transform the way individuals transfer funds. The digital platform coupled with Thomas Cook’s recently launched Video KYC process which allows customers with paperless transfers.
As per the company, some of the advantages of TCPay are, it includes 24/7 access, paperless transfers, Video KYC for quick, safe transactions.
Deepesh Varma, Executive Vice President, Thomas Cook India, said, “Our data indicates a significant growth in our outward transfers business. Hence reinforcing the Company’s digital-first approach and our intent to maximize our market share in this high potential segment, we have introduced our latest digital solution -TCPay. The TCPay commitment will ensure smooth and seamless outward remittances for individuals and businesses, as well as facilitate digitization of the remittance process combined with our additional digital services like Video KYC verification option. This launch is not merely a service, but a testament to the Thomas Cook India Group’s unwavering focus on creating digital-first innovation and customer-centricity.”
