arrow-thincheckemaillocationphone

You are here

September 02, 2019

Edenred launches exclusive partnership with Itaú Unibanco in the Brazilian Employee Benefits market

Edenred, the global leader in payment solutions for the working world, has announced the closing of an exclusive partnership between Ticket Serviços, its Brazilian subsidiary dedicated to Employee Benefits, and Itaú Unibanco, Brazil’s largest privately owned bank. Following the prior approval of the Brazilian Central Bank and the Brazilian anti-trust authority, the contract was closed in accordance with the agreement signed and announced on September 5, 2018. Itaú Unibanco will now exclusively distribute Ticket Serviços’ Employee Benefits in Brazil. The new distribution channel strengthens Edenred’s existing sales organization and will help speed up its growth in the high-potential Brazilian employee benefits market.

Edenred has announced the closing of the strategic partnership communicated on September 5, 2018 between Ticket Serviços, its Brazilian subsidiary dedicated to Employee Benefits, and Itaú Unibanco, Brazil’s largest privately owned bank. Edenred received prior approval for the partnership from the Brazilian anti-trust authority (CADE) and the Brazilian Central Bank (BACEN). Itaú Unibanco will now exclusively distribute Ticket Serviços’ Employee Benefits to its corporate customer base in Brazil.

Digital leaders in their respective markets, Edenred and Itaú Unibanco are both recognized for their strong capacity to develop innovative digital solutions. Itaú Unibanco is a strong fit for Edenred in Brazil. It has one of the largest banking franchises in the country supported by its digital distribution channels. Itaú Unibanco also has a very solid base of Brazilian corporate clients, including a significant portion of SMEs. With the ramp-up of the partnership, Edenred is strengthening its existing sales channels and aiming to outperform the Brazilian employee benefits market in the coming years.

To further cement the business partnership, Itaú Unibanco will become a minority shareholder in Ticket Serviços, holding an 11% stake.

Download the press release

Read more

edenred_appears_in_the_dow_jones_sustainability_index_(DJSI)_europe_for_the_seventh_consecutive_year

News • Social responsability

Edenred appears in the Dow Jones Sustainability Index (DJSI...

16 September 2019

News • Development

Mega Bank Partners with Edenred Taiwan To Use Benefit...

12 September 2019

Press release • Finance

Edenred successfully placed bonds convertible into and/or...

Press release • Finance

Edenred launches an offering of bonds convertible into and/...

Press release • Event

Edenred supplies restaurant cards to the 2,000 journalists...