In Bengaluru, it's not unusual to come across rows of shops bearing the purple Zeta logo. It's not entirely clear what header you would be claiming that expense under at each shop, but it does show that these apps are also growing in their reach. Another benefit of going digital is that the companies are able to provide mobile apps that also have very interesting features. For example, Bagri demonstrates the Niyo app, showing us how you can use it to track all your expenditures using the Benefits card, as well as how much you can claim under reimbursements. When the card is locked, it can't be used at a swipe machine.
Or you could disable it for everything apart from fuel bills. These companies are innovating in other ways as well. For example, Zeta recently launched a product called Super Tag, which is an NFC tag that can be attached to your wallet, your ID card, or any other place you prefer. This can be linked to your food reimbursements, for use in the company cafeterias. That's a big problem when you're a company with thousands of employees all queuing up to grab their lunches.
The question is, what's preventing the industry leader, Sodexo, from bringing out features like these. Sodexo has an Android app, to help you find merchants who accept the physical vouchers, but for now your Sodexo vouchers remain physical coupons. As Bagri points out, the company has a massive infrastructure already in place around the paper business, which makes it harder for it to change now. In a post-demonetisation world, people are getting used to managing financial transactions through their phones, and that means that companies like Zeta and Niyo are going to look even more attractive, especially when the alternative is walking around with booklets full of vouchers.
After this article was published, Sodexo contacted Gadgets to share that apart from meal vouchers, it also offers a card-based payments system, and is now piloting mobile payments. The Sodexo card can only be used at specific merchants - there are some 15, in cities already, Das tells us. The company has also piloted a mobile payments system in Mumbai, based around QR codes and the card PIN for authentication, which it will roll out to other parts in four to five weeks time. For the latest tech news and reviews , follow Gadgets on Twitter , Facebook , and subscribe to our YouTube channel.
Gopal Sathe , 14 March Further reading: Niyo , Zeta , Sodexo , Meal vouchers , Coupons. In our campus, Sodexo has provided card similar to debit card but can only be used in Office canteen. Shande you made my day: I heard from one of my friend in Bangalore that the traffic police accepted Sodexho coupons as bribe as he fell short of money. Another way of using these coupons Reddy garu, that incident of police taking sodexho for bribe is true.
Envywin; Thanks for sharing. Congrats on this article. It is high time the Government finds an alternative to this. But that is highly unlikely, given that so many scams have surfaced. And maybe this one also becomes a scam if delved further into this. Nice piece of information!!! Once a shopkeeper told me they stopped accepting sodexo by the time of billing. It was about rupees. I had enough cash to pay that day and I escaped the situation.
I used to buy regular in that shop using sodexho.
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The shop keepers have removed the stickers of sodexho. But I failed to notice because of other advertisement stickers. They have not kept any board or so. When I tried asking about that he showed no interest in listening to me. From that day I never go that shop again. Excellent article. Sodexo and Accor coupons can be eliminated only by joint efforts of retail segment. Nice article. One thing which i find un-explained, is, Sodexo is printing this coupons and selling them it involves manpower and cost to print as well as distributue.
Dear Nidhi, First let me congratulate you on a very comprehensive article. Although I do not agree with all the points because of the following points: We do not even have to go anywhere, their people come and collect it and within a few days the money is directly transferred in our account so there is no free money available for Sodexo.
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The fresh vouchers are given with a minimum validity of 1 year. If you cannot use a voucher in! You raised a point of why SOdexo vouchers are digitized so let me tell you that if you notice the Meal Law a few years back and the one active right now there is a difference. The earlier one had the word "Electronic voucher" mentioned in it. The new law has that word omitted and only "paper voucher" is mentioned.
SO the electronic cards do not have a legal backing.
Sodexo in my experience is a very ethical client and also very strict on their KYC norms. They are ready to loose business but don't go against the law of the land to make money and that is the reason all my 25 shops in Maharashtra accept the vouchers and get paid without any trouble.
The reason why Major supermarket chains were complaining were because since the have a bigger lobby they tried to bring SOdexo to its knees by stopping the acceptance of Sodexo vouchers without any prior notification which is a very unethical thing. It is not the Meal vouchers that are supposed to be used in company campus, it the electronic cards.
All the Sodexo electronic cards used by its clients are only used in their campus and you can check with major IT companies.
I hope that being a blogger and writer you would authorize this so people know the real scenario and not the one that is projected. Better for odisha. If sodexho charges any Service Tax on coupons' worth,then i am afraid that employer may hesitate. Can anyone clarify whether Svc Tax is applicable? Perfect explanation of pains. Govt plays a fool by allowing such middle man to create madness among masses.
It gives a sense of being a tax beggar. If we can pay 5 Lakh as tax and then all such drama to save INR?
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Since this is a paper, is there any option to get it replaced if it got damaged while tearing? Since this is a paper, is there any way to get the paper replaced if it get damaged while tearing or will the employee lose her money due to this damage paper. There is a process but it is super complicated and will cost lots of time and effort,so most won't bother.. Easy money for Sodexho and one of the reason why they will never launch an electronic version. Why these corrupt practice is not being challenged is a surprise. Sodexo is getting tax exemption at par with schemes that are meant to increase GDS of country.
What commercial benefit country gets by these tax treatment? ANswer is nothing. Yes Hemant. Nothing has changed since last 4 years when I wrote this post. Lots of things have gone digital since then, but Sodexho still is in the form of physical coupons. My vouchers were valid upto 31dc It's mentioned on the back side of the vouchers that the affiliate shops can reimburse the vouchers upto 31jan Any way of shops accepting my vouchers Is there any such procedure where the transaction date will be recorded?
Te shops still have time of a month to get back their money from Sodexo Kindly suggest n help. I doubt transaction date is recorded anywhere- that is an agreement between Sodexho and shopkeepers- because some processing time is involved between you buying at the shop and shop getting money from Sodexho, another month is included. You can go request shopkeeper to accept the coupon as he will still be able to claim the money. But if they refuse, you should probably contact Sodexho itself for re-issue.
Dearest NIdhi, It was a good article but it is quite incomplete - the essence of laissez faire or free market is buyer and seller matching the goods and prices. A farfetched proposition but bear with me - If the company gives you one lakh per month just for your meals on the condition that the amount be spent only in its cafeteria that too on beefed up pricing?
I do not disagree with the concept of sodexo? According to me Sodexo Meals coupon is not at all necessary and giving Deduction in income for the purpose of sodexo is not a justifiable thing. When people are in work, any how they are going to have their lunch, snacks or tiffin. If that food they buy by using hot cash instead of Sodexo coupon what difference it is going to make out. My company does not provide me sodexo coupons, However I spend everyday Rs. But I am not getting any deduction in Income.
It is a Impartiality to the Income tax assesses. Moreover, this sodexo involve huge burden of paper work. Company Employer has to estimate the value of coupon books to be bought and order to the sodexo, receive the coupon booklets safely, from sodexo and distribute to employees and obtain signature for having distributed the coupon booklets. Then employee to go in search of the restaurant where the coupon is accepted, have his food there instead of his favourite restaurant. Many people bring home made food to office, so they use that coupons for buying provisions for home and for buying other non food items.
In some companies they provide free lunch at company's canteen under these circumstances issuing sodexo to the employees and providing tax benefits on that is highly unjustifiable.
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Some employees especially market people go on business trip for many days and they will get perdiem and food allowance for all 3 time meals, tiffin or snacks. Under these circumstance, how it correct to give tax exemption for the sodexo coupons not spent for food during the office hours. Sodexo not only collects the money from the employees in advance and retain it till the coupon is encashed I think they may earn Interest Income on the cash received by virtue of supply of those coupons and by investing the money by restaurants and also they levy commission charges on the restaurants for giving cash in exchange of the coupons.
Also, they levy administrative charges to company for printing and despatching the coupons. These sodexo coupons many time given as a change in the absence of currency change in the restaurants. These kind of un-authorized circulation of sodexo pass coupon in lieu of money is illegal. Moreover, in our country, we do not have sophisticated and highly advanced systems like scanning the sodexo pass after it tendered in to the restaurant.
Through scanning of sodexo pass, the information should reach to the sodexo pass issuer computer servers, so that those sodexo pass coupons be prevented from circulating again among the public. By considering all these disadvantages, I feel sodexo not at all necessary for our country.
Moreover, in my opinion it acts as an alternative for money. And one more important point also I wanted convey here, since sodexo is charging commission on the restaurant there is more possibility that the restaurants will increase their food price in order to compensate the expenses they are incurring by paying commission to the sodexo. This is un-necessary economic burden to the consumer. Just wanted to know is the reimbursement mechanism true or fake and why it takes a lot of time to pay the vendors.
Ritika- If reimbursement was fake, shops wouldn't be accepting it. It takes lots of time because Sodexho prefers to delay the process as much as possible so that they get to keep the money longer. If they can automate the process, they can settle much faster, but they are not keen for obvious reasons. Ritika I do not claim to be an expert in Sodexo.
I was using these coupons for sometime, have colleagues who use them and lots of information is already in public domain- such as news as to why shops once refused to accept it because of unfavorable terms and so on. This post is a derivative of information and experience from above.
If there is anything wrong or if you have updated information do share. Hii, no nothing wrong is dere, but came across these coupons from 1. Thanx for d help. You can go to any supermarket or restaurant which accepts them and pay using the same. Thanx for all the help. It is very informative. I need to know more about the procedure to get exchanged the damaged coupons Thanks Ritika Yes, they don't consider damaged coupons their responsibility Appreciate your efforts and interests to comment.
Comments may be moderated due to increased spam. Will ideally respond to comments within few days. Good bad and Ugly. Sodexo meal coupons: Saturday, January 21, Lot of photo sharing in past few posts, time for some serious text. This post shares some thoughts on Sodexo meals coupon, which many retailers have stopped accepting.
Why Sodexo? Because of govt policy which allows tax exemption on money spent on food during working hours Upto Rs 50 per meal , concept of meals coupons came into being. Employee takes these coupons instead of cash, amount spent on these coupons, subject to max per month, is exempted from income tax. The Sodexo network and coupon lifecycle: Instead of giving cash to employees, company pays the amount to Sodexho Say Rs per employee.