Sodexo, a benefits and rewards firm for corporate employees currently claims to have about 45,000 merchants in India.
Globally, Sodexo has nearly 70 per cent of its business volume managed digitally but in India, the brand embarked on the digital journey in 2015.
Meal coupons in paper format will need to issue electronic forming or cards before December 31, 2017. RBI also said that maximum value of PPIs cannot exceed Rs 1,00,000.
The Reserve Bank of India has extended the time to send suggestions or comments on the regulation of prepaid instruments (PPIs) to April 15.
Thanks to demonetisation, more companies are offering cashless payment options for employee expenses. And that's a windfall for Sodexo, Zeta and other firms that specialise in meal vouchers and employee benefit programmes, CNBC-TV18‘s Adith Charlie reports from Bengaluru.
Wagh Bakri, which caters largely to west, central and northern parts of the country, buys tea from North and South India and markets packets under four brands.
Sodexo‘s global CEO and Chairman Michel Landel in an interview to CNBC-TV18 said their company is likely to see a double-digit revenue growth from India, in the next two years.
Observing that Sodexo meal vouchers are utility goods, which are capable of being sold, delivered and possessed, the Bombay High Court has held that octroi and Local Body Tax (LBT) can be levied on them.
French catering and voucher group Sodexo today said it has acquired maintenance and facility management firm MacLellan India with an aim to further consolidate its position in the fast growing facility management solutions pace.