Thomas Cook, Pine Labs launch UPI payment facility for foreign visitors : Pine Labs, a leading merchant commerce omnichannel platform and Thomas Cook (India) Limited, India’s leading foreign exchange service provider, have partnered with National Payments Corporation of India (NPCI), in a pioneering initiative to ensure safe, seamless, convenient merchant payments via UPI for foreign nationals from G20 countries.
February 2023 Current Affairs Quiz
The prepaid payment product is issued by Pine Labs under the PPI authorisation obtained from RBI. This facility can be availed on arrival – across Thomas Cook’s airport counters.
When encashing foreign currency at Thomas Cook’s counter, the customer can open a Pine Labs Fave Money prepaid account loaded with the rupee value.