AEON Bank, an Islamic digital bank, has partnered with foodpanda Malaysia to enhance financial accessibility for customers, delivery riders, and merchants in the region.

Boosting Digital Banking and Financial Inclusion

This B2B partnership aims to increase digital banking adoption among the combined stakeholder base of both companies and support Malaysia’s gig economy with advanced fintech solutions. The collaboration also focuses on promoting financial inclusion.

Collaboration Scope

The Memorandum of Understanding (MoU) between AEON Bank and foodpanda covers various areas, including customer acquisition, digital financing, joint campaigns, and value-added services for their broader ecosystem. These efforts are expected to contribute significantly to the growth of Malaysia’s food delivery and online grocery sectors.

Supporting Delivery Riders

AEON Bank and foodpanda plan to introduce several initiatives aimed at improving the livelihoods of delivery riders. This includes providing access to AEON Bank’s digital banking services, financial tools, microfinancing for devices and motorcycles, as well as financial literacy programs.

Assisting Merchant Partners

For merchant partners, the collaboration will offer targeted campaigns and financial solutions through AEON Bank’s business-to-business (AB2B) program. This includes financing for wholesale purchases to support inventory expansion and business growth.

Customers will also benefit from special rewards and promotions that enhance their foodpanda orders and access to the AEON retail ecosystem, allowing them to shop for groceries online beyond AEON MaxValu Prime.

A Shared Commitment

Both AEON Bank and foodpanda Malaysia are committed to optimizing the financial well-being of their community. By leveraging each other’s strengths, they aim to deliver customer-centric digital financial solutions that can foster dynamic growth in the region.