This article has multiple issues. Please help improve it or discuss these issues on the talk page . (Learn how and when to remove these messages)
|
Company type | Public (Societas Europaea) |
---|---|
| |
Industry | Corporate services |
Founded | June 29, 2010 [note 1] |
Headquarters | , |
Area served | Worldwide |
Key people | Bertrand Dumazy (Chairman and CEO) |
Products | Ticket Restaurant® |
Revenue | €2.31 billion (2023) |
€706 million (2023) | |
€267 million (2023) | |
Number of employees | 10,000 employees as of February 22, 2022 |
Website | Edenred.com |
Edenred, formerly known as Accor Services, is an international payment service provider.
Jacques Borel created a meal voucher called Ticket Restaurant in 1962. He was inspired by the original Luncheon Voucher, a concept launched in the United Kingdom in 1954 and the Luncheon Vouchers Company founded by John Hack in 1955, [2] A French government decree, passed in 1967, officially recognized the meal voucher as an employee benefit. The concept was launched outside France starting in 1976. Ticket Restaurant and its local variant Ticket Alimentación began spreading to other countries in Europe and Latin America, including Brazil and Mexico. [3]
The Ticket Restaurant entity, which had been a subsidiary of Accor since 1983, became Accor Services in 1998. Accor had also acquired Luncheon Vouchers one year prior. Thus the two entities were merged under the new name of Accor Services.
In September 2007, Accor Services acquired a 98.3% stake UK pioneer and market leader in prepaid cards, PrePay Technologies Ltd, for €55M. [4]
Following the split of Accor's hotel and prepaid services businesses, Accor Services became Edenred in June 2010. [5] The group was listed on NYSE Euronext Paris on July 2, 2010. Jacques Stern was appointed chairman and chief executive officer.
Edenred also launched the Ticket Plus Card in Germany (staple goods: food, fuel, meals), Ticket Cultura in Brazil (cultural goods and services), [6] and Fides Cloud Loyalty Software in India, managed by its subsidiary Accentiv India Pvt. Ltd. [7]
In 2014, Edenred acquired C3, a leader in the employee payroll cards market in the United Arab Emirates. [8] The Group also acquired 34% of UTA, Europe’s second largest fuel card issuer, before increasing its stake to 51% in January 2017 [9] to 66% in 2018 and 100% in 2020. [10]
Bertrand Dumazy became chairman and chief executive officer of Edenred on October 26, 2015. [11]
The group shifted focus to digital products and launched the Ticket Restaurant card in France in April 2014. As of 2021, 90% of the group's business volume around the world was generated from digital products. [12] [13]
In 2016, the Group began a far-reaching transformation as part of its Fast Forward strategic plan (2016-2019). Also in the year, Edenred launched its Corporate Payment Services business and acquired Embratec's operations in Brazil. [14] In November 2018, Edenred announced the acquisition of Corporate Spending Innovations, an electronic B2B payments company, for $600 million. [15]
Edenred operates in 46 countries and has over 10,000 employees. The group has moved into new countries since 2010: Finland in 2011, Japan in 2012, Russia, the United Arab Emirates in 2014 and Moldova in 2018. [17]
A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back. Many new cards now have a chip on them, which allows people to use their card by touch (contactless), or by inserting the card and keying in a PIN as with swiping the magnetic stripe. Debit cards are similar to a credit card, but the money for the purchase must be in the cardholder's bank account at the time of the purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase.
A loyalty program or a rewards program is a marketing strategy designed to encourage customers to continue to shop at or use the services of one or more businesses associated with the program.
Accor S.A. is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. It is the largest hospitality company in Europe, and the sixth largest hospitality company worldwide.
Employee benefits and benefits in kind, also called fringe benefits, perquisites, or perks, include various types of non-wage compensation provided to employees in addition to their normal wages or salaries. Instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a "salary packaging" or "salary exchange" arrangement. In most countries, most kinds of employee benefits are taxable to at least some degree. Examples of these benefits include: housing furnished or not, with or without free utilities; group insurance ; disability income protection; retirement benefits; daycare; tuition reimbursement; sick leave; vacation ; social security; profit sharing; employer student loan contributions; conveyancing; long service leave; domestic help (servants); and other specialized benefits.
A voucher is a bond of the redeemable transaction type which is worth a certain monetary value and which may be spent only for specific reasons or on specific goods. Examples include housing, travel, and food vouchers. The term voucher is also a synonym for receipt and is often used to refer to receipts used as evidence of, for example, the declaration that a service has been performed or that an expenditure has been made. Voucher is a tourist guide for using services with a guarantee of payment by the agency.
Ukash was a UK-based electronic money system that allowed users to exchange their cash for a secure code to make payments online. It was acquired by Skrill Group in April 2014 and merged into Austrian competitor paysafecard, acquired by Skrill a year earlier. All existing vouchers expired after 31 October 2015. Remaining ones could be exchanged into paysafecard PINs, in May 2016 paysafecard announced completion of the process.
Network for Electronic Transfers, colloquially known as NETS, is a Singaporean electronic payment service provider. Founded in 1986 by a consortium of local banks, it aims to establish the debit network and drive the adoption of electronic payments in Singapore. It is owned by DBS Bank, OCBC Bank and United Overseas Bank (UOB).
A meal voucher or luncheon voucher is a voucher for a meal given to employees as an employee benefit, allowing them to eat at outside restaurants, typically for lunch. In many countries, meal vouchers have had favorable tax treatment. Vouchers are typically in the form of paper tickets but are gradually being replaced by electronic vouchers in the form of a special payment card.
paysafecard is part of Paysafe Limited (“Paysafe”) (PSFE.WS), a global payments platform. Paysafecard is a prepaid cash-based, online payment method based on vouchers with a 16-digit PIN code. The vouchers can be used to fund online transactions without a bank account, credit card, or other personal information.
PayMate is a business-to-business (B2B) digital and financial services company headquartered in Mumbai.
Rede known as Redecard is a Brazilian multi-brand acquirer with 25 brands in its portfolio, for credit, debit and benefit cards. Its activities include merchant acquiring, capturing, transmission, processing and settlement of credit and debit card transactions, prepayment of receivables to merchants, rental of POS terminals, check verification through POS terminals, credit card machine and the capture and transmission of transactions using benefit-voucher, private-label cards and loyalty programs such as Multiplus. The company is the first largest in its sector. The company was traded in BM&F Bovespa and disclosed in September 24, 2012.
Brastel Telecom, popularly known as Brastel is a Japanese telecommunication company based in Tokyo. They distribute international prepaid calling cards within Japan and Asia via convenience stores. Brastel's largest target demographic is Brazilian ex-pats living in Japan.
RuPay is an Indian multinational financial services and payment service system, conceived and owned by the National Payments Corporation of India (NPCI). It was launched in 2012, to fulfil the Reserve Bank of India's (RBI) vision of establishing a domestic, open and multilateral system of payments. RuPay facilitates electronic payments at almost all Indian banks and financial institutions. NPCI has partnered with Discover Financial and JCB to help the RuPay network gain international acceptance.
Paysafe Limited is a multinational online payments company. Paysafe offers payment processing, digital wallet and online cash systems to businesses and consumers, with particular experience of serving the global entertainment sectors. The group offers services both under the Paysafe brand and subsidiary brands that have become part of the group through several mergers and acquisitions, most notably Neteller, Skrill, SafetyPay, PagoEfectivo, Paysafecash and paysafecard.
Paytm is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India. Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants to receive payments through QR code payment, Soundbox, Android-based-payment terminal, and online payment gateway. In partnership with financial institutions, Paytm also offers financial services such as microcredit and buy now, pay later to its consumers and merchants.
Oxigen Services is an Indian fintech company. It is involved in the micropayment of services and remittances in real time.
Zeta is a banking software company that was founded by Bhavin Turakhia and Ramki Gaddipati in 2015. The company provides credit and debit card issuer processing, BNPL, core banking and "mobile experiences". Zeta provides its products to banks and fintechs.
Google Pay, also known as GPay, is a mobile payments application developed by Google. It has been rolled out in India and Singapore.
SWILE is a French app-based company that focuses on improving the employee experience. Among others, the platform offers meal vouchers, gift vouchers, mobility vouchers, and business travel solutions.
Media related to Edenred at Wikimedia Commons