MOS Utility Limited Partners with Thomas Cook (India) Limited for Foreign Exchange Services
MOS Utility Limited has announced the execution of a Referral Partnership Agreement with Thomas Cook (India) Limited (TCIL) for the distribution of foreign exchange products. The partnership, effective as of April 2, 2026, establishes MOS Utility Limited as a non-exclusive referral partner on a pan-India basis.MOS Utility Limited, a fintech organization providing various utility payment solutions, is teaming up with Thomas Cook (India) Limited, a leading travel and financial services company specializing in foreign exchange.
Under the terms of the agreement, MOS Utility Limited's role is strictly limited to generating customer leads and referring interested customers to Thomas Cook (India) Limited. All subsequent transactions, including servicing, rate quoting, Know Your Customer (KYC) verification, regulatory compliance, transaction execution, and end-to-end fulfillment, will be handled entirely by Thomas Cook (India) Limited.
The referral mechanism will cover several key foreign exchange products offered by Thomas Cook (India) Limited:
| Product Category | Description |
|---|---|
| Outward Remittance Services | Services for transferring money abroad. |
| Forex Cards | Transactions related to loading, reloading, and managing foreign exchange cards. |
| Foreign Currency | Sales and purchases of physical foreign currencies. |
The agreement stipulates that MOS Utility Limited shall not conduct, accept payment for, or process any foreign exchange transaction. All transactions will be processed and fulfilled exclusively by Thomas Cook (India) Limited, ensuring compliance with prevailing regulations.
Speaking about the collaboration, a spokesperson for MOS Utility Limited noted that the association broadens the range of regulated financial offerings available through its pan-India agent network. The company confirmed that its role is that of a referral partner, connecting interested customers with Thomas Cook (India) Limited, while the entire foreign exchange transaction remains the service and fulfillment responsibility of Thomas Cook.
A representative from Thomas Cook (India) Limited added that the arrangement allows the company to receive qualified customer referrals from a wide-reaching distribution network across India. They emphasized that every referred customer will continue to be onboarded, serviced, and fulfilled directly by Thomas Cook (India) Limited, maintaining the highest standards of regulatory compliance.
The partnership highlights the combined focus of both organizations on enhancing financial inclusion and providing convenient access to regulated forex services for Indian travelers, students, and outward-remittance customers.
MOS Stock Price Movement
Mos Utility Limited shares today slipped by 1.53% to settle at ₹12.85, shedding ₹0.20 in post-market trading. The stock saw robust activity, with 112,000 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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