Travel related financial services company Thomas Cook has entered in a deal with Western Union Business Solutions and DCB Bank. The deal is aimed at facilitating international trade payments by small- and medium-sized enterprises. Through the pact, Thomas Cook looks to reach out to its set of SME base and the larger market to essentially refer trade remittance transactions to DCB Bank through the Western Union technology platform. Thomas Cook India COO Mahesh Iyer said the alliance is to penetrate the high-growth Indian SME segment for its international trade payment requirements. DCB Bank head retail and SME banking Praveen Kutty said the business alliance with DCB Bank, Thomas Cook and Western Union has the vision to empower MSMEs and SMEs by providing smooth and convenient trade remittance facility.
