Product Code Database
Edenred, formerly known as Accor Services, is an international payment service provider based in France. The company focuses on payment services used in the workplace, including employee benefits such as Ticket Restaurant Meal voucher, 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.
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.ACCOR 2007 Registration Document filed with Autorité des Marchés Financiers on April 3, 2008. p.58
Edenred also launched the Ticket Plus Card in Germany (staple goods: food, fuel, meals), Ticket Cultura in Brazil (cultural goods and services), and Fides Cloud Loyalty Software in India, managed by its subsidiary Accentiv India Pvt. Ltd.
to 66% in 2018 and 100% in 2020.
Bertrand Dumazy became chairman and chief executive officer of Edenred on October 26, 2015.
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.
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 in Brazil. In November 2018, Edenred announced the acquisition of Corporate Spending Innovations, an electronic B2B payments company, for $600 million.
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.
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). 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. In the United Kingdom and other European markets, Reward Gateway provides employee engagement tools including benefits portals and recognition programmes.
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