We’re thrilled to announce the launch of our new brand: Edenred Payment Solutions. This new brand unifies the two payment services of Edenred group in Europe - PPS and Edenred Corporate Payments. It marks an exciting evolution in our journey towards empowering innovation and unleashing the potential of our ambitious customers. This transformation will see the collation of the Edenred Group’s payment expertise and technology under one roof - a shift that will provide our customers with an even more robust and simplified solution, while strengthening our capabilities.
Why the shift to Edenred Payment Solutions? And why now?
The fintech space is rapidly evolving with an increasing number of solutions entering the market. 2023 is no exception with the industry expected to multiply and reach $174 billion this year. Having recognised a tremendous opportunity to better support the market by aligning our products and services for maximum impact, we decided now was the right time to refocus our efforts under a new brand - Edenred Payment Solutions.
A strategic focus from the wider Edenred ecosystem - in which Edenred Payment Solutions has a critical role to play - combined with the ever-flourishing fintech evolution, further motivated our decision to rebrand now. By embracing this progression, we can now serve communities, and businesses, and better foster financial inclusion while connecting with our vision: Empower Innovation, Unleash Potential.
Moreover, as the market continues to face turbulence in the face of a challenging economic environment, Edenred Payment Solutions is dedicated to designing effective and tailored products and services that support business continuity.
So what’s changing?
We care for our customers. This is why there will be a seamless transition with no disruption to the way companies use our products and services. In fact, Edenred Payment Solutions customers can continue with business as usual while enjoying a refreshed approach that enhances customer relationships and offers an improved experience from their trusted industry leader.
Through a comprehensive brand refresh and optimised expertise reorganisation, we have aligned ourselves closely with the teams in the wider Edenred ecosystem. Our commitment to excellence is further amplified by the recruitment of industry experts and the strengthening of our existing teams. Additionally, we have adopted a vertical approach to our go-to-market strategy to cater to specific industry requirements, ensuring customisable solutions for our customers and partners.
What you need to know about Edenred Payment Solutions
Edenred Payment Solutions, a critical player in the wider payment ecosystem, is a trusted and regulated Electronic Money Institution operating in the UK and Europe. We deliver flexible and reliable solutions across embedded finance, digital banking, and payment card services. Having processed over €35 billion of volume outside of Edenred’s own activity volume in 2022, Edenred Payment Solutions has a successful track record which includes collaborations with renowned brands such as Tide, Sainsbury’s, TUI and Oney.
As the fintech market in Europe is projected to reach €1 trillion by 2025, Edenred Payment Solutions emerges as the leading player in payment solutions. Our deep understanding of the industry drives us to provide modular solutions, where innovation and adaptability are key. Trust, reliability, and flexibility form the foundation of our core values, ensuring that our partners receive nothing short of exceptional service.
About the wider Edenred group
Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting 60 million users and 2 million partner merchants in 45 countries via 1 million corporate clients.
Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) 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 vitalise the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products, and softer mobility.
Having reached €38 billion in business volume and with total revenue exceeding €2 billion, Edenred’s 12,000 employees are well-equipped and committed to making the world of work a connected ecosystem that is safer, more efficient, and more responsible every day.
Edouard Billion, Managing Director of Edenred Payment Solutions, commented, "Our new name and visual identity reflect the clarity, expertise, and positivity we bring to our customers and the industry. We strike a balance between human connection and technological know-how, which sets us apart. Our aim is to create a payment experience that goes beyond mere mechanics, focusing on the entire journey."
Gilles Coccoli, COO of Payment Solutions & New Markets, commented, “We believe in enriching connections and designing solutions to our customers’ challenges with passion, innovation and imagination. The Edenred Group and Edenred Payment Solutions are aligned on these values, and this change strengthens our ability to help customers to unleash their potential with access to market-leading payment expertise and technology."
