Edenred, a French prepaid solutions provider, has agreed to buy the payroll card portfolio of Mint for an undisclosed sum.

The payroll cards of Mint primarily cater to Abu Dhabi-based clients.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Through the takeover, Edenred intends to round out its geographic presence. Till now, it mainly had operations in Dubai.

“With a combined total of more than 1.6 million users, Edenred will benefit from substantial scale effects linked to its B2B2C intermediation platform model and its global technology assets,” the French firm.

At present, around 600,000 employees use Mint payroll cards.

These employees can now avail value-added services from Edenred using the C3 card and myC3card mobile application.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

These value-added services include phone top-ups, consultation of account balance in real time, international remittances and transaction history.

Edenred expects the transaction to boost its EBIT from 2020.

Edenred EMEA COO Arnaud Erulin said: “Edenred’s commercial and technological know-how currently allows over 1 million employees to benefit from this unique suite of services in the United Arab Emirates, up from 400,000 five years ago. And we are now delighted to be extending access to nearly 600,000 Mint card holders.”

Edenred offers employee benefits services as well as fleet and mobility solutions.

It also offers corporate payment services through virtual payment cards and identified wire transfers as well as incentive and rewards through incentive programmes and gift cards. The company employs 10,000 people.

Last year, Mastercard partnered with Edenred to test its biometric card technology in Mexico.