‘Thoms Cook (nia id > “Thomas Cook Baling DD.N. Road, Fors mumeat-400008 Travel Smooth Bor 91-22-3603593 thomascook.in ‘cetssouownn976pico20717 ‘FAIRFAX Company wees? News Release Press Offce 022 66081380 Thomas Cook India targets large untapped inward remittances- unbanked segment Signs strategic partnership with ItzCash ~ Extends its outreach to Middle & Rural India Tier 3 & 4 Leverages ItzCash’s 75000+ consumer touch points pan India ~ Mumbai, December 24, 2015 Thomas Cook (India) Lid, India’s leading integrated travel and travel related financial Servees company, has announced strategic parinorship with ReCash To extend is aueach to India's rapidly ‘groWing unbanked inward remitance marke, by offering remiance sendces (Xpress Money & MoneyGram) across ‘5 extensive network of ever 75000+ touch pons, pan india ‘According to the World Bank Report Migration and Development Erie, India i the largest receiver of remittances in the word ~ at aprox $71 bllon in 2014 (up from a mere § 22 bilon 1 2005) ranking Indians asthe sacond largest ‘aspora global (approximately 25 mlion indans Iwing in 110 counties worldwide). However as per the Reserve Bank of India, about 40% of India's the population stil does not have access to financial services. Thomas Cook Indals rebearch-analvies futher reterated Uns opportunty, reveaing sttong potential in the unbanked Inward remitances markets of Middle Inda and rual areas, including Punjab, Haryana, Gujarat, Andhra Pradesh, Uttar Pradesh, Bihar and Kerala, Hence to leverage the unlapped opportunity ofthis unbankad market, Thomas Cook India has partnered with leCash, to offer extensive dstbution and hens both ease in access, conveniance and ‘Swit wansacions forts ward remittance cusiomers. Commenting onthe announcement, M. Mahesh Wver, Chief Operating Officer. Foreign Exchange & Head: Visas, ‘Thomas Cook (indla) Ltd, cis. "inward remittances form about 22-23% of lnda's foreign exchange inane ad having more than trpled over the fast decade, is a powerul growth merket. Thomas Cook India's allence with 2Gash, 1s honce a strategic move to loverage the powerful potenti! Of this unbanked inward remittance market ‘especialy in Mido India and rural and semenual Catchment areas, and thereby offr our customers hassle free ‘convenience and access and speedy inward remitance transactions.” He added, "Wh the parnorshp, wo aim To becomo one ofthe leading invard remittance dstibuton networks i India and reat our consumer comitmont as a comprehensive Payment Solutions Provider.” Mr. Naveen Surya, Managing Director of ltzCash Ltd said “From the inception, we have been offering digital [payments especialy forthe Mass Middle class in the county. Our leadership in this spaco coupled with Our {tatrbution especialy in 2 & T3 locatons wil add lots more value to the end consumer. We are very upbeat about ths association with ur estoomed parinar ~ Thomas Cook india.” tzcash isthe fist company to be issued the Certfcate of Authorization by the Raserve Bank of India (RBI) under the Payment and Setvement area and with an impressive network of ver 73000 consumer touch ports (han ar ute a up Eran) rs ae" Payet Sass Conan estaba) 2008.» paneer he aa Sve soa nts Se i cap a al payne naan oe ndan crs vnau buer hrs ‘yf uments ces tog en cere at es ein aunerng tr osu pr whe reat ey enn ery pet * aye prey enya as oor tnt na nas v7.0 aun Nannaces rans econ Wea sen me Bu 3 asco ayo! hr eh‘Thomas Cook (nid ~ “Thomas Cook Bulding Dr O.N, Ros, Fort Mumbai -40000% Travel Smooth Bown +95-22 61603333 thomascook.in | cre esodotans7ee.coz0717 oan ‘ose i na na te et el ited a ni cy nt st sn on TRESS Cop ara Cave are ss ae Se has Te yb TSR eit oct ott tenn re el ne 7 pt rr nin an 8S 17 hs wae ne ng te eo Tomas Cost ns) Lins econ dere aan CRA AS’ CRIS hs sad a ‘So rg Cs Aste eat oon aes oyna aden baring ae se em ig fC. [Ries amg aces Fb RA hs ts ong of RA AA Sate whe comp oped pron sae ean \S'SoraumorSuperorun ote & 28213 so atonal Tera Anan 313344 Tan ook Cte of ean has aed ATA, ‘Secreaton Yop South hls ATA Astored Tring Comar-201 23 82ers oma plseo at nenaeS ang Hoty Reso Lmtd» pans vacaton omar an a adn eho company a, wat nop a 88 whe on ey ey spate oda tame To aor ars he Spay poses Vacs soa ts Dang ‘igs sos ae tt Rly enone nna Curey Sern Noes hss ety oom Se ae t Senate aay eer prion of Cr Ho Hah Cat, Samay, St nd Jay, 205 cache he Comoe Scheme of Arngenat 2 Arpaia ey Parr tesa Ltn (th and Tas Cok rrr Sree fa Lt FTG a Ths Co ash ed sos tapee throne a eae (rene ene swe Ses ors er unary oS wae Came iS nen bsne a SH wos Aap wh Fe ot momar et emponh cme, Sng Hay Reso Lied Yrmey Tha Cok sane Seren (hi) Lint conte he ne spay sot 1 abd he plan 2 now esate cong ers Formas maton aw sano co 1 Mei Engrs eae contac: ens os nd Le aaron 02.0919 0 aD Ene eon aecagpeecitor em Fru Pt Ssraga 8} SOPTENG Cc