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Development 21 March 2017

Promising first months for Ticket Log

Edenred finalized in May 2016 the merger between its Expense management activities in Brazil and Embratec as part of the Ticket Log joint-venture, which will soon celebrate its first anniversary.

With the creation of Ticket Log, Edenred has enhanced its solutions for the fuel card and maintenance market, which is particularly buoyant in Brazil.

Fully in line with the Group's strategy of picking up speed on the Expense management market, this transaction was an ambitious challenge.

In order to gain market shares in Brazil, the product range was reorganized. In addition to Ticket Car, used to pay for fuel, two new solutions were launched: Ticket Fleet for the management of light vehicle fleets and Ticket Cargo for the management of heavy vehicle fleets.

A joint technical platform was also developed thanks to technological investments.

In addition, a genuine team spirit among staff has been buit thanks to a proactive human resources.

Ticket Log in figures

The joint-venture currently has 27,000 clients, 5,000 of which were acquired after the merger. It relies on a network of over 24,500 affiliated service stations and maintenance shops, i.e. 58% of the Brazilian national network. More than a million vehicles are equipped with Ticket Log solutions.

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 60 million users and more than 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), engagement (such as gift cards and engagement platforms), mobility (such as multi-energy solutions, including EV charging, maintenance, toll and parking) 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 sustainable mobility.

Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.

In 2023, thanks to its global technology assets, the Group managed €41 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, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe.

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Matthieu SANTALUCIA

Media relations

By phone: +33 (0)6 83 54 12 10