Up Luxembourg, Expert in Digital Meal Vouchers, Announces Strategic Partnership with CACTUS, the Leading Retail Group in the Grand Duchy of Luxembourg
- Launched in June 2023, Up Luxembourg announces the activation of its digital meal voucher service in all CACTUS group outlets starting in December.
- Up Luxembourg is committed to offering quality service, combining innovation and support, to meet the evolving needs of the fringe benefits market.
- Up Luxembourg aims to provide the best value for money service. Employers and merchants benefit from a more transparent and 100% automatable service offering.
After announcing its launch in June 2023, Up Luxembourg, the brand name of Monizze, a Belgian pioneer in fintech and HRTech, is proud to announce the activation of its digital meal voucher service in all CACTUS group outlets in Luxembourg starting in December (deployment in progress).
Created in June 2023 and going into production in September 2023, Up Luxembourg enters the market with strength by signing a strategic partnership with CACTUS, a Luxembourg supermarket chain with a sales network encompassing all store formats and ideally distributed across the country.
As a new player in the market, Up Luxembourg represents a significant opportunity for merchants seeking to rebalance the power dynamics with meal voucher issuers. The arrival of Up Luxembourg finally opens the meal voucher market to competition, offering merchants better service quality and increased price flexibility. Thanks to Up Luxembourg, transaction fees become more balanced and transparent.
Furthermore, Up Luxembourg distinguishes itself by positioning as a partner rather than just a service provider. By offering genuine advisory support during this transition, Up Luxembourg is committed to assisting major supermarkets, such as CACTUS, in their transition to the digitalization of meal vouchers. The technical changes induced by this transformation, such as the automatic sorting of food and non-food products at checkout and the automatic identification of the card, are challenges to which Up Luxembourg provides solutions.
Up Luxembourg is committed to offering quality service, combining innovation and support, to meet the evolving needs of the fringe benefits market. The collaboration with CACTUS marks the beginning of a new era for Up Luxembourg and strengthens its position as an emerging leader in the digital meal voucher sector.
Gilles Feipel, Marketing Director of Cactus S.A.:
“At Cactus, Up Luxembourg is not just a provider offering an additional payment method, but a committed partner sharing a common vision: the best customer service in line with our value Fir Iech do ! This carefully crafted collaboration integrates elements such as innovation, proximity, and efficiency, and we see this partnership as a very attractive payment option for our mutual customers.”
Alicia Brun, Country Manager of Up Luxembourg, emphasizes the importance of this partnership:
“With the support of CACTUS, we confidently tackle the major challenges of the coming months, namely convincing HR managers that there is a third way to better manage their fringe benefits. The support of Cactus marks a new era for meal vouchers for merchants and with merchants.”