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Press release

Innovation 14 November 2017

Edenred steps up development in mobile payments

Edenred is strengthening its leadership position in the mobile payments market by introducing increasingly innovative solutions adapted to new consumer habits. The Group recently launched Android PayTM in Spain, enabling employees to pay for their meals directly with their smartphones.

More than ten million transactions already carried out using smartphones in 2017.

With more than ten million transactions already carried out using mobile payment solutions in 2017, Edenred has now become the first industry player to roll out a global, multi-brand mobile payment offering, spanning three continents (Europe, Latin America and Asia), offered in partnership with the leader OEM mobile payment brands and with Edenred proprietary solutions.

The Group launched its first mobile payment program in France in July 2016 followed by Spain in December 2016 for Ticket Restaurant card users, and will soon also be implementing the payment system in Italy for ExpendiaSmart card holders. In Sweden, Edenred introduced Samsung Pay in March 2017 and will shortly extend the solution to Brazil. Edenred is also developing its own solutions in Finland, Italy, Slovakia and Taiwan.

The rise of mobile payments is a historic turning point for Edenred; it marks an acceleration both in our shift to digital and in our drive to differentiate our offering. We are continuing to develop our strategic plan, which in particular aims to turn digital technology into a powerful growth driver. More than ever, we are making technological innovation and the customer experience the focus of our development” said Bertrand Dumazy, Chairman and Chief Executive Officer of the Edenred Group.

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 60 million users and more than 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), engagement (such as gift cards and engagement platforms), mobility (such as multi-energy solutions, including EV charging, maintenance, toll and parking) and corporate payments (such as virtual cards). 

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency,and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and sustainable mobility.

Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.

In 2023, thanks to its global technology assets, the Group managed €41 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe.

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