Monizze, the Successful Fintech, Finally Arrives in Luxembourg Under the Name Up and Will Soon Launch Its Digital Meal Voucher Service
- Up Luxembourg, incorporated in May 2023, will soon launch in Luxembourg with meal vouchers, following in the footsteps of Monizze, a true “success story” and pioneer of the Belgian Fintech and HRTech ecosystem since 2011.
- Up Luxembourg is pleased to see the Luxembourg Ministry of Finance implementing this meal voucher reform, which will modernize and open up the market, fostering innovation and providing more services and benefits for users.
- Up Luxembourg aims to offer the best value for money service. Employers and merchants will benefit from a more transparent and automatable service offering.
For many years, the question of replacing paper meal vouchers in the Grand Duchy with electronic meal vouchers has regularly made headlines, highlighting numerous advantages in terms of cost, ease of use, and ecology, for merchants, employers, and their employees alike.
The bill, presented on June 9 by the Luxembourg Ministry of Finance, paves the way for the digitalization of meal vouchers within a clear legal framework, promoting competition and confirming a broader trend towards the digitalization of payments as a whole. It is in this context that Up Luxembourg, incorporated in May 2023, will soon launch in Luxembourg, following in the footsteps of Monizze, a true “success story” and pioneer of the Belgian Fintech and HRTech ecosystem since 2011.
Up Luxembourg simplifies the use of meal vouchers by digitalizing them, significantly reducing the administrative management of employee benefits through a single card and platform. Up Luxembourg also guarantees the best value for money on the market for all companies, regardless of their size, with the clear objective of further simplifying the lives of employers, employees, merchants, and its partners.
Up Luxembourg therefore allows:
- Employers to offer their employees more purchasing power without administrative hassle.
- Employees to increase their purchasing power and simplify their daily lives.
- Merchants to increase their sales and attract new customers at a fair and transparent price.
“At Up Luxembourg, we are pleased to see this bill taking shape, as we are already developing this new generation of benefits such as fully digitalized meal vouchers for the benefit of employees, employers, and merchants in the Grand Duchy. This new legal framework will foster innovation, open up the market, and bring more services and benefits for everyone. I am delighted to lead Up Luxembourg, highlighting the advantages of this cutting-edge HRTech innovation,” explains Alicia Brun, Country Manager of Up Luxembourg.
“With Up Luxembourg, we are proud and motivated to energize a market that has been dominated by a paper duopoly. We commend the Luxembourg Ministry of Finance for implementing this reform, which will modernize and open up the market. Our ambition is to offer an increasingly efficient, advantageous, simple, secure, and innovative solution. At the heart of our solution is our R&D team, and we work to respond immediately to our clients and improve our solution daily,” details Jean-Louis Van Houwe, CEO and founder of Monizze.