Edenred appoints New Managing Director for UAE

Dubai, United Arab Emirates – 05 January 2022Edenred, UAE’s largest salary processing provider, today announced the appointment of Wael Fakharany as Managing Director effective immediately.

Previously Omnix International’s CEO, Wael Fakharany will now be responsible for running all facets of the business at Edenred in the region and empowering the UAE companies to pay their employees on time, securely and easily.

Fakharany has held several executive positions at IBM, 3Com, and Oracle. Having spent more than nine years at Google Middle East in various roles, he is highly recognized among MENA’s top most influential leaders in advancing technology and transforming millions of lives.

Commenting on Fakharany’s appointment, Pierre Gagnoud, Regional Director for South Europe, Middle East and Africa of Edenred said, “I would like to welcome Wael to Edenred UAE. His experience will be a key asset to reinforcing our leadership in UAE and continuing our expansion across the rest of the Middle Eastern region.”

Wael Fakhrany added, “I am delighted to join Edenred UAE and I am committed to ensure financial inclusion and digital onboarding for both the banked and unbanked population. Edenred is a regional leader in the payroll industry and UAE’s largest salary processing provider with digital innovative solutions, great ambitions and international committed teams.”

Edenred UAE provides a complete solution of financial inclusion for employees, offering technology-driven solutions to corporations and their employees through C3Pay card, C3Pay mobile app and Edenred Payroll Portal.

As FinTechs continue to grow in the UAE, more customers will take part in a digital revolution. FinTech companies like Edenred help increase financial services uptake among the unbanked and underbanked population in the UAE, making financial services accessible to all.

The UAE has grown into the most digital-friendly country in the Middle East, with an impressive 99% of the population being active internet users, according to the UAE Internet and Mobile Statistics (January 2020).

Edenred is present in 46 countries and the world leader in specific-purpose payment solutions. Listed on the Euronext Paris stock exchange, Edenred designs and manages solutions for companies and public institutions seeking to improve their attractiveness and efficiency, enhance users’ well-being and purchasing power, and vitalize the employment market and the local economy.

For more information on Edenred, visit https://edenred.ae

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About Edenred UAE:

Edenred UAE is the UAE’s largest salary processing provider serving more than 6,000 companies, 2 million employees, 10 banks and 35 financial institutions. Operating out of the UAE since 2008, Edenred remains committed to empowering the economy by simplifying payroll for businesses and improving the quality of life for employees with two intuitive products.

The Edenred Payroll online portal allows companies to efficiently manage the salaries of all their employees in one place and in compliance with the Wage Protection System established by the UAE Central Bank. The other product is C3Pay, a Mastercard linked to a mobile app, which enables unbanked and underbanked employees access essential financial services to increase financial literacy with specific features relevant to their needs (such as money transfer, and mobile top-up). For more information, please visit https://edenred.ae/

About Edenred

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting over 50 million users and 2 million partner merchants in 46 countries via more than 850,000 corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions), incentives (such as gift cards, employee engagement platforms) and corporate payments (such as virtual cards).

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.

Edenred’s 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.

In 2020, thanks to its global technology assets, the Group managed close to €30 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.

The logos and other trademarks mentioned and featured in this press release are registered trademarks of Edenred S.E., its subsidiaries or third parties. They may not be used for commercial purposes without prior written consent from their owners.