Gifting and employee benefit services provider Sodexo in collaboration with IDFC Bank and National Payments Corporation of India’s (NPCI) RuPay has rolled out a new prepaid card.

Dubbed Sodexo Premium Pass, the new card is available in two variants – ‘Premium Pass – Celebrations’ for gifting during festivals and special occasions, and ‘Premium Pass – Rewards’ for ongoing employee and channel reward, and recognition programmes.

Issued on the RuPay platform, the cards can be accepted at over two million retail outlets and across all major online portals on the RuPay network.

Both variants of the Sodexo Premium Pass are customised and are secured with PIN. The cards can also be linked to the mobile app for easy transactions on the go.

The consumers can avail tax savings on up to INR5,000 ($78) per annum on the cards. Additionally, Sodexo’s clients can order and loading these cards from a simple, user-friendly interface that they already use for the meal benefit solution.

Sodexo BRS India CEO Stephane Michelin said: “Sodexo is committed to address the needs of its clients, which makes the company introduce new and innovative solutions to better address the increased sophistication of the Indian HR and incentive practices.

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“Premium Pass is a ‘personalized’ gifting solution and also gives the employees of our clients, access to exciting value deals and discounts from leading brands, exclusive for Sodexo cardholders. This increases the purchasing power of their employees far beyond the actual value of the gift.

“We are delighted to partner with IDFC Bank and RuPay to present this unique offering to our clients and look forward to creating an unparalleled experience for our consumers through new age technologies in the benefits and rewards space.”