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Paybon GmbH is introducing a smartphone-based meal voucher system that streamlines the process of issuing and redeeming vouchers, enhancing efficiency and reducing costs. This digital solution aims to disrupt the traditional paper voucher market by providing a more convenient and cost-effective alternative.
Meal vouchers have become a common part of employee benefit programs, growing to a €59 billion worldwide market annually.
To date this market has been dominated by two global providers, Sodexo and Edenred, accounting for approximately 30% of the market each, as well as internal proprietary company solutions and some local providers.
Most of the vouchers are still issued in paper form with its numerous disadvantages.
The rise of smartphone technology and digital payment systems has created an eno…
PAYBON GMBH
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