Just Eat Takeaway.com, an Amsterdam-based food delivery giant, has launched Takeaway Pay Card in collaboration with homegrown fintech unicorn Adyen.
Adyen’s solution enables Just Eat Takeaway.com to issue pre-funded cards to employees for meal expenses. The card is an addition to the company’s Takeaway Pay employee benefit service.
How does it work?
Takeaway Pay allows businesses to provide their employees with meal benefit plans, enabling them to order from a wide range of Just Eat Takeaway.com restaurant partners.
The new debit card will allow Takeaway Pay corporate clients to use their meal allowance at thousands of selected food and beverage merchants that accept Mastercard and Maestro worldwide.
“With a shift to hybrid workplaces and return to offices, Takeaway Pay accelerates its trajectory to empower employees’ every food moment. No matter if employees are at home, on-the-go for commutes, on a business trip or for regular outdoor team lunches, Takeaway Pay is the benefit that serves corporations’ employees with the most holistic food benefits.” says Imad Qutob, Director Corporate Solutions at Just Eat Takeaway.com.
Initial roll out in Europe
Initially, the card will be rolled out to Just Eat Takeaway.com’s employees in Europe. The product will also be available to Just Eat Takeaway.com’s corporate clients in the Netherlands, Germany and Poland, with more countries to follow soon. Notably, Takeaway Pay is already available in 12 countries.
Adyen’s Issuing provides an expense management solution that handles the end-to-end process in a single platform, allowing greater flexibility on card usage and real-time confirmation of payments.
“We’re thrilled to see more use cases of our issuing solution being implemented,” says Kamran Zaki, COO of Adyen. “As easy as our cards make it for Just Eat Takeaway.com’s corporate clients and employees to shop and dine, we look forward to seeing their HR teams benefit from the instant and transparent overview of employee spending,” he added.
Just Eat Takeaway
Just Eat Takeaway claims to be one of the largest online food delivery marketplaces outside China. It is focused on connecting consumers and restaurants through its platforms. The company mainly collaborates with delivery restaurants.
Additionally, it also provides its proprietary ‘restaurant delivery services’ to restaurants that do not deliver themselves. It is connected with nearly 580,000 restaurants and operates in the UK, Germany, the Netherlands, Canada, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Norway, Poland, Portugal, Romania, Spain, and Switzerland, as well as through partnerships in Colombia and Brazil.
Recently, the company published its H1 2021 results, reporting a revenue growth of 52 per cent (63 per cent excluding Grubhub) to €2.6B. The company also acquired Grubhub and Bistro.sk business in Slovakia from Ringier Axel Springer Media.
Based out of Amsterdam, Adyen is a payments platform providing end-to-end infrastructure connecting directly to Visa, Mastercard, and other payment methods. It offers payment services across online, mobile, and in-store channels. The fintech unicorn serves customers including Facebook, Uber, Spotify, Casper, Bonobos, and L’Oréal.
A few months back, Adyen announced the launch of Planet, the company’s latest addition to its Impact product suite. It allows Adyen’s merchants to offer their shoppers the opportunity to offset the carbon footprint of their purchases at the end of the checkout process.