Thomas Cook collaborates with FINO PayTech Ltd
IIFL :
This unique collaboration also serves to expand Thomas Cook India’s footprint in tier I to VI markets courtesy FINO PayTech’s strong reach of over 400 money marts.
India’s leading integrated travel and travel related financial services company has announced a first of its kind partnership with FINO PayTech Ltd, (a banking correspondent that has been granted in-principle payments bank license by the Reserve Bank of India) with an enviable reach across tier I to VI cities, pan India.
The Hindu Business Line :
Thomas Cook (India) Ltd has informed BSE regarding a Press Release dated May 17, 2016, titled "Thomas Cook India targets high potential Outward Remittances Market Enters into a first of its kind collaboration, with FINO PayTech Ltd".
Live Mint :
Thomas Cook (India) has entered into first of its kind partnership with FINO PayTech (a banking correspondent that has been granted in-principle payments bank license by the Reserve Bank of India) with an enviable reach across tier I to VI cities, pan India. This is the first time that a leading Foreign Exchange player has tied up with a Payment Bank to provide and facilitate ease in outward remittance transactions; also provide additional foreign exchange products and services to customers in tier I to VI markets.
FINO PayTech was chosen by UIDAI to demonstrate the tech enabled payment mechanism at the national launch of Aadhaar-based service delivery.