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A rewarding business

Why prepaid gift cards are becoming popular as an employee reward

 Remember when Sodexo passes had become a sort of al- ternative currency? Companies doled out the meal vouchers as a form of tax-free compensation and the coupons gained acceptance virtually everywhere — you could use your Sodexo passes to not only buy a meal, but also your groceries, medicines, consumer electronics and clothes. And then, retailers tired of the high handling costs and delayed payments from Sodexo and stopped accepting the vouchers. There are murmurs that the French company is back in action in India, but it’s still muted.