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Press release

Well-being at work 24 November 2021

Edenred France welcomes the government’s decision to raise the exemption ceiling for employee gift vouchers granted by works councils and companies for the holiday season again this year

In order to boost French consumers’ purchasing power in the run-up to the holiday season and drive additional business to local merchants, the French government has decided to make employee gift vouchers and cards exempt from social security contributions up to a higher limit this year, as it did last year. The current ceiling of €171 will be raised to €250 until the end of 2021, allowing works councils and employers to offer employees more generous gift vouchers without crossing the exemption threshold.

Like last year, the purpose of this measure is to bolster French consumers’ purchasing power while providing much-needed support for local, independent merchants. Many of these retailers are counting on the festive season to recoup revenue lost since the start of the health crisis in 2020.


Boosting French consumers’ purchasing power these holidays while channeling earmarked funds to French merchants

Every year, employee gift vouchers inject nearly €2 billion into the French economy, helping to support merchants. According to a report by trade association A3C [Association professionnelle des émetteurs de chèques- et cartes-cadeau, which represents 90% of the market], 80% of this additional business directly benefits independent retailers and specialty stores.

Following the French government’s decision to once again raise the exemption ceiling for gift vouchers this year, from €171 to €250 until the end of 2021, this extra business looks set to grow.

Patrick Langlois, Managing Director, Northern Europe and France at Edenred, said: “We welcome the government’s decision, which will benefit a considerable number of employees. It’s something we’ve been calling for alongside our merchant partners, who are still reeling from the health crisis. A higher exemption ceiling for employee gift vouchers from works councils and companies again this year is excellent news. It’s a smart way to support French consumers’ purchasing power over the holiday season, while directing their spending toward earmarked channels like local merchants and independent stores.


Highly positive results in 2020

France’s finance ministry implemented a similar measure in 2020, when it doubled the exemption ceiling for employee gift vouchers. The initiative was a resounding success, helping to noticeably kick-start spending.


An online portal to join the Kadéos acceptance network today

Local merchants and independent stores can now join the Edenred network in just a few clicks via a specially designed online portal. They can then start accepting Kadéos gift vouchers, which are used by over 3 million employees for their holiday shopping.

Access the online portal



Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 52 million users and 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), 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 vitalize the employment market 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 2022, thanks to its global technology assets, the Group managed some €38 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 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.

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