Thursday, November 14, 2019
News
NEWS HOME
PRN INDIA
IDFC FIRST Bank and Sodexo Partner to Introduce Digital Meal Benefit Solution for Corporate Employees
  SocialTwist Tell-a-Friend  
   

The co-branded benefit solution can be used exclusively for purchase of food at outlets chosen by Sodexo, thus helping employees to save on taxes

MUMBAI, Oct. 15, 2019 /PRNewswire/ -- IDFC FIRST Bank and Sodexo, the leader in employee benefit services, announced a co-branded digital meal benefit solution that makes payments for food easier and also enables users to save on taxes related to meal expenses.

Corporate employees with salary accounts in IDFC FIRST Bank can now have access to Sodexo's digital suite of employee meal benefits, which will enable them to get exciting deals and discounts at restaurants, while also helping them claim tax exemption for meals as per existing tax laws.

Amit Kumar, Head - Retail Liabilities, IDFC FIRST Bank, said, "The meal benefits solution is a powerful combination of convenience and digital experience. The IDFC FIRST Bank and Sodexo meal card is a unique proposition meant exclusively for purchase of food items, thus enabling salaried individuals to accurately track meal expenses. It unlocks the potential of digital transformation in the meal benefits space and strengthens our Bank's offering to corporate clients."

Anish Sarkar, CEO, Sodexo Benefits and Rewards Services India said, "Our partnership with IDFC FIRST Bank during the last one year has helped us achieve great results through the gift card and this partnership will now enable Sodexo to extend its digital meal benefits to millions of new users, who will get access to Sodexo's proprietary meal network of 1,00,000+ points of acceptance across 1,700+ cities offering greater choice."

The meal card is an extension of the existing partnership between IDFC FIRST Bank and Sodexo for the co-branded gift and rewards cards, which won the award for the best co-branded gift card at the Payments and Cards Summit in 2018 and 2019.

IDFC FIRST Bank offers banking solutions backed by new-age technologies to individuals, entrepreneurs and small businesses. Its suite of digital offerings is aimed at making banking simpler, intuitive and engaging. The Bank customises solutions for corporates with the singular intent of creating superior experiences for clients and their employees.

About IDFC FIRST Bank

IDFC FIRST Bank was founded by the merger of IDFC Bank and Capital First in December 2018. The Bank provides a range of financial solutions to individuals, small businesses and corporates. The Bank offers savings and current accounts, NRI accounts, salary accounts, demat accounts, fixed and recurring deposits, home and personal loans, two wheeler loans, consumer durable loans, small business loans, forex products, payment solutions and wealth management services. IDFC FIRST Bank has a nationwide presence and operates in the Retail Banking, Wholesale Banking and other banking segments. Customers can choose where and how they want to bank: over 300 bank liability branches, 102 asset branches, 199 ATMs and 520 rural business correspondent centres across the country, net banking, mobile banking and 24/7 toll free Banker-on-Call service. For more information, please visit www.idfcfirstbank.com

About Sodexo

About Sodexo Benefits and Rewards Services India

The Sodexo group works towards improving the quality of daily life for employees, partners, and customers across the world. Sodexo Benefits and Rewards Services India is a 100% digital India's No.1 Employee Motivation & Benefits Services provider, is a partner to over 11,000+ companies in public and private sectors. Our Employee Benefit Solutions are customized to meet specific needs of organizations and help them develop their best-motivated workforce. Sodexo BRS offers a range of employee benefit solutions. The meal benefit offerings include the Meal Pass card and Cafeteria Pass card. The company's Gifting & Recognition offerings include the Premium Pass Celebrations card for festivals & special occasions and Premium Pass Rewards card for ongoing rewards and recognition programs.

Recently launched Multi-Benefit Pass is the most compliant and 100% digital employee benefit solution with which organizations can offer all employee benefits on one innovative card. Sodexo reaches out to 3 million consumers across 1,700+ cities nationally and its' solutions are designed to drive superior employee experience at workplace and beyond.

For media queries, contact:
IDFC FIRST Bank
Freeda D'souza
+91-9892962607

Sodexo Benefits and Rewards Services, India

For more information, please visit, www.sodexobenefitsindia.com or call +91-22-4321-4321

More News by PR Newswire India

Ascensia Diabetes Care Celebrates the Important Role Families Play in Supporting People With Diabetes on World Diabetes Day 2019

International Peacemaker Professor Padraig O'Malley Receives Prestigious Henley & Partners Global Citizen Award

Higher Adoption of Emerging Technologies in Commercial Vehicles Stoke OEM Collaborations with Technology Developers

Chubb appoints Jason Keen as Division President, Chubb Global Markets

Adyen Launches Card Issuing Offering

NordVPN Officially Launches Its File Encryption Tool NordLocker

Innovative Term Product From ICICI Prudential Life Offers Life Cover to Individuals With Health Conditions

Industry Should Set Up Online Portal to Facilitate International Patients - Commerce Secretary

Sales Performance International Announces New Major Account Planning for Salesforce

Tradewind Announces $2.5 Million Credit Facility for Sustainable Homewares Company based in China and the USA

Introducing Maxima and Maxime, new premium fragrances to step up fragrance category

Queen's University Belfast Affirms Their Focus on Employability for Indian Students at Experience Queen's Event in Bangalore

Marketing analytics firms Marketscience Consulting and Truesight Consulting merge to deliver more unified and advanced client solutions

People Were Willing to Cooperate in Ayodhya Matter, Says Sri Sri in his EU Address

Nucleus Software Appoints Prakash Purushottam Pai as Chief Evangelist Officer

Prime Minister of the Republic of Singapore Intrigued by WeBank's Fintech-powered Services at SFF x SWITCH

Vakrangee Q2FY2019-20 Financial Results

Mumbai-based Artists 'Hari & Deepti' Revealed as the Next Four Seasons Envoys: Paper and Light Tell Their Story

Suning Sets New Singles' Day Record with Omni-Channel Orders Increasing by 76%

Indian Top Artist in Ketterer Kunst Auction in Germany

Bright Pattern Recognized for Highest ROI and Fastest Time to Deploy of All CCaaS Providers

Bloom Hotel Group bets Aggressively on Gujarat

'What Is Love?' - Burberry Reveals Festive Campaign

IIHM Young Chef Olympiad 2020 Launched at House of Lords, London

Chemetall completes expansion of its production site in Langelsheim, Germany

Gizmobaba, the Crossborder Social eCommerce Platform Gets Shortlisted for 3rd Startup India Investment Summit in China

International Gas Union Reaction to the IEA World Energy Outlook 2019

AI-Driven Health Benefits Platform ekincare Raises USD 3.6M

Wi-Fi Now Awards TalkTalk and ASSIA with "Best In-home Wi-Fi Product"

Enterprise AI Market in India is Heading Towards a Wider Adoption, Says New Study by Analytics India Magazine & BRIDGEi2i

Asia's Fastest Growing Cloud Telephony Platform, Exotel, Will Close the Year at Rs. 120 Crores

CreativeSprout's Assimilate to Organize India's First Health Marketing Summit in New Delhi

Megha Gas: An Extraordinary Beginning: Building Gas Infrastructure Aggressively for a Green Future

CIIE 2019: Yili Establishes Dairy Industry's First Sustainable International Supply Chain Network

Derana TV Selects LiveU Technology for its Entire Newsgathering Operations

Pennar Industries Reports 85% y-o-y Increase in Q2 FY2020 Consolidated PAT After Minority Interest at INR 23.5 Crore

Punjabi is the Fastest Growing Spoken Language in Australia: Australian High Commissioner Harinder Sidhu

Over 1,000sqm of Absen LED Used at GITEX 2019

INNOPIA launches Netflix-integrated Hailstorm Hybrid program in partnership with Amlogic and Verimatrix

INNOPIA becomes the first Korean ODM partner of Hailstorm Hybrid program, together with Synaptics and NAGRA

Isotropic Systems Completes Bi-Directional Over-the-Air Satellite Tests

Flexera Applauded by Frost & Sullivan for Being a Leader in Software-Enforced Software Licensing

The French Tennis Federation (FFT) selects Wilson Sporting Goods as an Official Partner of Roland-Garros and of the FFT

TRACE Releases 2019 Bribery Risk Matrix, Launches Bribery Risk Typology

Zeus Unveils High-Ratio FluoroPEELZ® Clear Peelable Heat Shrink

Tealium Launches Private Cloud to Help Organizations Maintain Unparalleled Data Security in the Cloud

Silicon Wafer Area Shipments Fall for Fourth Consecutive Quarter

World Intellectual Property Report 2019 - Local Hotspots, Global Networks: Innovative Activity Is Increasingly Collaborative and International

Fresh Hops Sent to Korea For Brewing in Just One Day

Cloudleaf Commended by Frost & Sullivan for Transforming Supply Chain Visibility and Redefining the Way Enterprises Work

Allscripts Awarded the 2019 US Company of the Year Award for its Advanced RCM Services

Ascom Commended by Frost & Sullivan for Dominating the Enterprise Wireless Phone Market with 20 Percent of the Shipment Share

Eastman collaborates with NB Coatings to offer sustainable automotive plastic

Parallel Wireless Helps to Deliver on MTN's OpenRAN Vision across Africa

Godrej Locks to Commemorate 3rd Home Safety Day on 15th November

Siklu Announces the Terragraph Product Family

Merck Licenses CRISPR Gene-Editing Technology to Evotec

Global urology leader Advanced MedTech co-leads SonoMotion's US$10 million Series B fundraising

PeopleStrong Appoints Ex-Aon Hewitt CEO Sandeep Chaudhary as President

Neurovalens Unveils Modius SLEEP, a Genius Next-Gen Device Powered by Neuroscience to Optimize Sleep Health and Address the Global Sleep Crisis, Without Medication

Quectel Opens R&D Center in Belgrade to Expand Global Presence

Appointment of Deepak Malhotra as a Director on Azure Power Global's Board

FreedomPay Announces An Agreement With Marriott International For Commerce Technology Innovation

Xinhua Silk Road: Wetland city Changde hosts international marathon event

Xinhua Silk Road: NE China's Heilongjiang launches winter tourism roadshow in Beijing

Volkswagen Joins SEMI; Membership to Advance Automotive Electronics

A Call to Action on Advancing Cyberstability: Global Commission (GCSC) Launches Final Report

MSI Unveils the Complete Product Line up of the New 'Content Creation' Series in India

UST Global Acquires Contineo Health, a Leading Healthcare Technology Consulting Firm Specializing in EHR Optimization

Seclore and Safetica Join Forces to Automatically Detect, Protect and Track Sensitive Information the Last Mile

GCPL's BBLUNT Re-energizes Growth With a Keen Eye on E-commerce and New Innovations in Their Hair Care and Styling Range

Xinhua Silk Road: Chery's engine listed among China's top ten engines for 2019

New World Gold Council Survey Highlights Substantial Opportunities for Gold

ThoughtWorks Honored With Excellence in Gender Inclusivity Award by NASSCOM

2019 World Sensors Summit Unveiled - Zhengzhou Embraces Whole World

Vymo Wins Aditya Birla's Bizlabs Fintech Award for Mobile-first Personal Sales Assistant

SummitAI Sierra Brings Enhanced AI Capabilities to Flagship ITSM Solution

Xinhua Silk Road: Sensor industry projects flock to settle in Zhengzhou, C. China

Statement: Vision Impact Institute Supports Women in Japan Demanding Rights to Wear Glasses at Work

WeBank's Henry Ma on Digital Banks: Promote Financial Inclusion and Achieve a Sustainable Business

Teleperformance in India Recognised as Best Employer 2019

Habanos, S.A. Presents Its World Preview of the Romeo y Julieta Maravillas 8, an Exclusive Edition to Celebrate the Chinese New Year

Hitachi Chief Revenue Officer to Share Winning Digital Strategies at the Sales Team Accelerator Retreat: A Frost & Sullivan Executive MindXchange

Prepare Your Business for the Workplace of 2025: Top Trends Impacting Latin America

ATAI Life Sciences and Cyclica launch joint venture to revolutionize drug development for mental health disorders

Ribbon Deploys Colt Japan's Emergency Calling Service

The Second China International Import Expo concludes successful run

The Fifth Edition of Solaris - IIM Udaipur's Annual Management Fest Concludes on High Note

Embassy Office Parks REIT Announces Second Quarter FY 2019-20 Results; Reports Another Strong Quarter of Leasing and a Quarterly Distribution of Rs. 4,630 Million

Admissions 2020-21 Open at India's First Design University

'Right To Protein' Health Campaign Launched to Create Awareness About the Importance of Proteins in an Indian Diet

Jaquar Group's Mehra Family Joins the Forbes List of top 100 Billionaires of India

Jana Small Finance Bank Raises Rs 225 Crores Capital

2019 World Sensors Summit and Expo Held in Zhengzhou, China

Global Modular and Prefabricated Building Market Set for Robust CAGR of 6.3% from 2018 to 2025

TATA Projects Builds 1000-bed Hospital

Swascan Collaborates With Video Conferencing Provider to Proactively Address Software Vulnerability

Kavalan's Latest Bottle Features a Studded Crown Fit For a King

CreditMantri Wins the Prestigious Jason J. Spindler 'Big Data for Impact' Award and the Alphamundi Foundation Impact Finance Awards at UNDP-SDG Finance Geneva Summit in Oct, 2019

Executive Education Programs from Michigan State University Coming to India

We Lose 11 Years on Smart Devices: Singapore health tech company calculates the cost of screen time with this revolutionary tool

SK-II ARTIST SERIES: POWER OF PITERA

Indian Neo Banks are Democratising ERP and Financial Services for Underserved SMBs - Ezo Banks

JA Solar Supplies High-efficiency PERC Modules for a 32MW Solar-Plus-Storage Project in Hokkaido

SpeakIn Finds its Latest Investor in Aditya Ghosh, CEO South Asia OYO

The Opening Of Grand Final UniPin SEACA 2019

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Robots to help Indian Army fight terror ...
SC to pronounce verdict in Rafale review...
DM Noida orders closure of all schools f...
TERI suggests RWA firecrackers burning t...
Telangana turns down idea of ex-judges' ...
Little chance of Tamil issue resolution ...
More...    
 
 Top Stories
Modi, Xi meet again after Mahabalip... 
Arjun Rampal set to return with sup... 
Liam Payne: Fame is like having a w... 
Vardhan Puri on traits he imbibed f... 
Dale Steyn, Jason Roy register them... 
PML-N rejects Pak govt's conditiona... 
Delhi: Air quality remains severe, ... 
Mumbai: Central Railway nabs fake t...