Thomas Cook India Ltd. has launched the 'TC Pay' foreign exchange application for Android and Apple users, announced on Monday. The app serves business-to-consumer (B2C) customers, offering services such as forex card management, currency exchange, and international remittances. Key features include end-to-end digital fulfillment, real-time card tracking, and WhatsApp calling for support. TC Pay aligns with the trend of mobile-based remittances, which account for 60% of digital transfers globally, and reflects a shift in India towards digital payments, with over 93% of consumers using digital methods. The launch is seen as a strategic move to enhance Thomas Cook's digital presence and reach new markets. Despite this innovation, Thomas Cook India's shares fell by 1.12% on Monday, while the Nifty 50 index dipped by 0.18%.