MUMBAI, 16 October, 2019: IDFC FIRST Bank and Sodexo, the leader in employee benefit services, announced a co-branded digital meal benefit solution that makes payments for food easier and also enables users to save on taxes related to meal expenses.

Corporate employees with salary accounts in IDFC FIRST Bank can now have access to Sodexo's digital suite of employee meal benefits, which will enable them to get exciting deals and discounts at restaurants, while also helping them claim tax exemption for meals as per existing tax laws.

Amit Kumar, Head - Retail Liabilities, IDFC FIRST Bank, said, "The meal benefits solution is a powerful combination of convenience and digital experience. The IDFC FIRST Bank and Sodexo meal card is a unique proposition meant exclusively for purchase of food items, thus enabling salaried individuals to accurately track meal expenses. It unlocks the potential of digital transformation in the meal benefits space and strengthens our Bank's offering to corporate clients."

Anish Sarkar, CEO, Sodexo Benefits and Rewards Services India said, "Our partnership with IDFC FIRST Bank during the last one year has helped us achieve great results through the gift card and this partnership will now enable Sodexo to extend its digital meal benefits to millions of new users, who will get access to Sodexo's proprietary meal network of 1,00,000+ points of acceptance across 1,700+ cities offering greater choice."

The meal card is an extension of the existing partnership between IDFC FIRST Bank and Sodexo for the co-branded gift and rewards cards, which won the award for the best co-branded gift card at the Payments and Cards Summit in 2018 and 2019.

IDFC FIRST Bank offers banking solutions backed by new-age technologies to individuals, entrepreneurs and small businesses. Its suite of digital offerings is aimed at making banking simpler, intuitive and engaging. The Bank customises solutions for corporates with the singular intent of creating superior experiences for clients and their employees.