Regulatory Filings • Dec 15, 2021
Regulatory Filings
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Press release December 15, 2021
Edenred, the leader in specific-purpose payment solutions (like Ticket Restaurant®, Ticket Mobilité, Kadéos and Télétravail Edenred) in France and worldwide, has joined forces with sunday, the world's fastest way to pay in restaurants thanks to a QR code on the table. The alliance will enable Edenred Ticket Restaurant® card users to pay their lunch bill in under ten seconds after eating, without even having to call the waiter.
By joining forces, Edenred and sunday are taking the digitalization of lunch breaks to the next level and providing Edenred Ticket Restaurant® card users in France with an innovative payment solution that is perfectly in line with new consumer restaurant habits.
Edenred is once again strengthening its position as the digital leader in the meal benefits market. The first issuer to offer mobile payments in 2016 with Apple Pay, and the first to allow users to take advantage of payment APIs to order on over 70 partner meal delivery platforms starting in 2018, Edenred today has more than 1.5 million active Ticket Restaurant® cards in France, available on MyEdenred super app'.
Edenred is the industry's digital pioneer in France. More than 7 million French employees now have access to Edenred's digital solutions in France and can use the MyEdenred super app' to enjoy a unique experience with Edenred's Ticket Restaurant®, Ticket Mobilité, Kadéos and Télétravail solutions.
The health crisis has accelerated the shift to digital solutions at lunch and popularized the use of QR codes on restaurant tables to see the menu. With sunday, this technology can now be used to pay for meals in just seconds directly on a smartphone.
In particular, sunday will allow Edenred Ticket Restaurant® card users to get their check without waiting for a waiter to bring it to the table, split the bill, leave a tip and pay the total, all using digital means.
Patrick Langlois, General Manager at Edenred France, said: "I'm very pleased with this new partnership, which consolidates our digital leadership in the meal benefits market. Edenred is the first company in France to offer a comprehensive range of payment solutions suited to employees' new consumption habits, whether they're having lunch at the office, at home or in a restaurant. From cards and mobile payments to meal delivery and now QR code-based pay-at-table solutions with sunday, we are constantly innovating to offer an optimal user experience to our clients. All these services are now integrated to the MyEdenred super app', which gathers all our employee benefits solutions on a single platform to support our users throughout their day."
Nicolas Martin-Bouyer, General Manager, France at sunday, said: "This partnership with Edenred is a new milestone in sunday's growth and in the development of pay-at-table solutions. We want to make sunday available to as many people as possible, and Edenred is the world leader in the lunch break market, with over 1.5 million active Ticket Restaurant cards in France. Our partnership will address growing demand among consumers and restaurant owners for QR code payments, right at the table."
For restaurant owners, this solution makes it possible both to adapt to new consumer behaviors and requirements resulting from the health crisis, such as contactless payment, and to save time – on average 15 minutes per table – before taking orders and when settling the bill. Tips are also more generous from app users (40% higher on average), who spend 12% more than other customers on average too.
Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting over 50 million users and 2 million partner merchants in 46 countries via more than 850,000 corporate clients.
Edenred offers specific-purpose payment solutions for food (such as meal benefits), mobility (such as multienergy, maintenance, toll, parking and commuter solutions), incentives (such as gift cards, employee engagement platforms) 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
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and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.
Edenred's 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.
In 2020, thanks to its global technology assets, the Group managed close to €30 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 Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.
The logos and other trademarks mentioned and featured in this press release are registered trademarks of Edenred S.E., its subsidiaries or third parties. They may not be used for commercial purposes without prior written consent from their owners.
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sunday is a spin-off of Big Mamma that turns the tedious 15 minutes it takes to pay at a restaurant into a quick, simple experience that takes less than 10 seconds. Guests scan a QR code, pay, and walk away.
sunday has offices in Paris, London, Barcelona, Madrid, New York, Montreal and Atlanta.
Emmanuelle Châtelain +33 (0)1 86 67 24 36 [email protected]
Matthieu Santalucia +33 (0)1 86 67 22 63 [email protected]
Cédric Appert +33 (0)1 86 67 24 99 [email protected]
Loïc Da Silva +33 (0)1 86 67 20 67 [email protected]
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