Thomas Cook India Extends its Outreach to Middle & Rural India Tier 3 & 4

By 121 News

Chandigarh 21^st December:- Thomas Cook (India) Ltd., India's leading integrated travel and travel related financial services company, has announced a strategic partnership with ItzCash to extend its outreach to India's rapidly growing unbanked inward remittance market, by offering remittance services (Xpress Money & MoneyGram) across an extensive network of over 75000+ touch points, pan India.

Commenting on the announcement, Mahesh Iyer, Chief Operating Officer,Foreign Exchange & Head- Visas, Thomas Cook (India) Ltd., said that inward remittances form about 22-23% of India's foreign exchange income and having more than tripled over the last decade, is a powerful growth market. Thomas Cook India's alliance with ItzCash, is hence a strategic move to leverage the powerful potential of this unbanked inward remittance market- especially in Middle India and rural and semi-rural catchment areas; and thereby offer our customers hassle free convenience and access and speedy inward remittance transactions.

He added that with this partnership, we aim to become one of the leading inward remittance distribution networks in India and reaffirm our consumer commitment as a comprehensive Payment Solutions Provider.