Kochi, Oct 15: ESAF Small Finance Bank has partnered with
Thomas Cook (India) Ltd to launch the co-branded Borderless Prepaid Multicurrency Card, strengthening the Bank’s foreign exchange (forex) and international banking offerings. The card is designed to offer customers a convenient and secure way to manage foreign currency requirements while travelling overseas. The partnership combines
ESAF Small Finance Bank’s banking capabilities with
Thomas Cook’s expertise in foreign exchange and travel services.
Dr. K. Paul Thomas, Managing Director and CEO, ESAF Small Finance Bank, said, “This partnership brings together the strengths of banking, foreign exchange and travel to offer our customers greater convenience and flexibility while managing their finances overseas. It is an important step in strengthening our forex proposition and expanding our international banking solutions.” Thomas Cook (India) Ltd is a travel services company with an established foreign exchange business, offering forex products and services to international travellers.
The launch event was attended by Shri Atique Khan, Vice President – Forex Cards, and Shri Sushant Srinivas, Regional Zonal Head – Forex Services, Thomas Cook (India) Ltd. Representing ESAF Small Finance Bank were Shri Gireesh C. P., Executive Vice President, and Shri Chandramgethen K. K., Treasury department, who facilitated the partnership on behalf of the Treasury & International Banking Division. The first co-branded card was presented and exchanged in the presence of Dr. K. Paul Thomas, marking the inaugural issuance under the partnership. ESAF Small Finance Bank commenced banking operations in 2017 and serves customers across India through its banking network. Its business portfolio spans retail banking, MSME, agriculture, treasury and international banking. The partnership is expected to support the Bank’s efforts to expand its forex franchise and offer customers more convenient solutions for overseas travel and foreign currency management.
