Thomas Cook (India) has inaugurated new Forex outlets at the new Manohar International Airport – at Mopa, Goa. The Company has won a 5 year contract for setting up and operating 4 foreign exchange counters at the new Goa Airport. This expands Thomas Cook India’s forex network/consumer access in Goa to 6 outlets: 2 branches and 4 airport outlets. In addition, the company operates 25 airport counters across India, Sri Lanka and Mauritius.
In an initiative to ensure safe, seamless and convenient merchant payments, Thomas Cook’s Goa airport counters will empower foreign nationals from G20 nations and NRIs, with UPI enabled Indian Rupee transactions on arrival. Travellers can then access their INR wallet to ensure smooth and secure digital payments across millions of merchant establishments equipped with the UPI QR facility pan India. The prepaid payment product is issued by Pine Labs under the PPI authorisation obtained from RBI.
Goa is a key and significant growth market for tourism – for both inbound and outbound, in addition to the domestic market. With strong pent-up demand and easing of restrictions driving positive consumer sentiment, consumers are displaying high travel desire. The new Mopa Airport is expected to serve around. 4.3 million passengers in the first year with an increase to around 13.1 million passengers within 5 years. The new forex counters at the airport offers Thomas Cook significant opportunity to capitalize on the foreign exchange requirements of both inbound and outbound travellers.