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Press release

Development 15 February 2018

Foncia chooses Edenred to optimize fund collection

Foncia, France’s largest real estate management company, is teaming up with Edenred, the world leader in transactional solutions for companies, employees and merchants, to provide customers with a simple, efficient way of transferring funds.

A new digital payment method

Foncia has chosen Edenred Corporate Payment to develop a digital payment method for collecting fees and rental income for its 1.4 million condominium owners and tenant customers: the identified wire transfer.

With this solution, every owner and tenant customer will receive an individual settlement account number (personalized IBAN) that can be used indefinitely for each transaction. Consequently, each payment is systematically identified. 

In its role as a financial institution, Edenred will ensure the receipt of the funds and their immediate deposit in the destination account, such as the co-owners account handled by the condominium’s managing agency.

Collecting funds, an often complex process

The new payment method will make it easier to collect fees or rental income as part of condominium or rental property management operations. 

Payment options traditionally offered by Foncia and other property managers, such as checks and conventional bank transfers, do not allow for optimal fund collection.

The direct debit method generally favored by collectors is not always accepted by condominium owners and tenants, who sometimes want to control when they pay. Moreover, it requires setting up a preauthorized payment plan, which may lead to the risk of refusal. Payment by check requires manual handling, which lengthens the settlement period.
And conventional bank transfers can sometimes involve payer identification and payment processing problems. 

The goal of this partnership with Edenred is to make the identified wire transfer an efficient and secure alternative to the check and direct debit methods. The new solution will enable condominium owners and tenants who don’t want to use direct debit to have control over their payments” said Philippe Salle, Chairman of Foncia. 

Leveraging our unique expertise in managing transactional ecosystems and our broad understanding of regulatory frameworks, we are proud to be developing an innovative digital payment and settlement solution for Foncia. Through our Edenred Corporate Payment business, we are continuing to develop corporate payment solutions that will serve as an additional growth driver alongside our Employee Benefits and Fleet & Mobility solutions” said Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred. 


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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