 | This article has multiple issues. Please helpimprove it or discuss these issues on thetalk page.(Learn how and when to remove these messages) (Learn how and when to remove this message)
|
 | |
| Company type | Public (Societas Europaea) |
|---|---|
| |
| Industry | Corporate services |
| Founded | June 29, 2010 (2010-06-29)[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 asAccor Services, is an internationalpayment service provider based in France. The company focuses on payment services used in the workplace, including employee benefits such as Ticket Restaurantmeal vouchers, as well as other business-to-business payment solutions. The company was created following Accor’s split and has been listed on Euronext Paris since 2010. Edenred operates internationally, with activities in 46 countries.
Jacques Borel createda meal voucher in France calledTicket Restaurant in 1962. He was inspired by the original Luncheon Voucher, a concept launched in the United Kingdom in 1954 and theLuncheon Vouchers Company founded by John Hack in 1955.[2] A French government decree, passed in 1967, officially recognized the meal voucher as anemployee benefit. The concept was launched outside France starting in 1976. Ticket Restaurant and its local variant Ticket Alimentación began spreading to other countries inEurope andLatin America, includingBrazil andMexico.[3]
The Ticket Restaurant entity, which had been a subsidiary ofAccor 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 onNYSE Euronext Paris on July 2, 2010. Jacques Stern was appointed chairman andchief 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 inIndia, managed by its subsidiary Accentiv India Pvt. Ltd.[7]
In 2014, Edenred acquired C3, a leader in the employee payroll cards market in theUnited 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 inFrance 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). In that year, Edenred also launched its Corporate Payment Services business and acquired Embratec's operations inBrazil.[14] In November 2018, Edenred announced the acquisition of Corporate Spending Innovations, an electronic B2B payments company, for $600 million.[15]
In May 2023, Edenred acquired Reward Gateway, a UK-based employee engagement platform, to extend its Employee Benefits solutions for an enterprise value of GBP 1.15 billion.[16]
Edenred’s operations are organised around three business lines. In employee benefits, the group issues meal and food benefits under brands such as Ticket Restaurant/Ticket Alimentación and also offers gift and incentive solutions as well as employee engagement platforms, a segment it expanded by acquiring Reward Gateway in 2023.[17][16] In mobility solutions, Edenred provides fleet and fuel cards and related services in Europe through UTA Edenred, following its purchase of a stake in Union Tank Eckstein (UTA) in 2014.[18][17] In corporate payments, Edenred develops virtual cards, accounts‑payable automation and other B2B payment services, strengthened by its 2018 acquisition of U.S. based Corporate Spending Innovations (CSI).[15]
Key product families include Ticket Restaurant meal benefits in markets such as France and Latin America, which can be used in restaurants and approved food retailers subject to national rules (for example, in France a daily spending ceiling and defined acceptance categories apply).[19] In Europe, UTA Edenred issues fuel cards accepted across multi‑brand networks and has added services for road payments and, more recently, electric‑vehicle charging via its UTA eCharge offer.[20] In the United Kingdom and other European markets, Reward Gateway provides employee engagement tools including benefits portals and recognition programmes.[21]
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, theUnited Arab Emirates in 2014 andMoldova in 2018.[23]
Media related toEdenred at Wikimedia Commons
| International | |
|---|---|
| National | |
