AEON Bank, foodpanda eyes raising digital banking adoption amongst riders, merchants

They will collaborate in customer acquisition and digital financing, amongst others.

AEON Bank and foodpanda Malaysia have teamed up to increase digital banking adoption amongst the delivery platform’s customers, riders, merchants, and business partners.

Under their memorandum of understanding, AEON Bank and foodpanda Malaysia will collaborate in customer acquisition, digital financing, joint campaigns, and value-added services in this ecosystem.

AEON Bank is Malaysia’s first Islamic digital bank.

“We look forward to providing value to foodpanda riders and merchants by enabling access to digital banking, rewards programmes and services that elevate their experience,” said YM Raja Datin Paduka Teh Maimunah Raja Abdul Aziz, chief executive officer of AEON Bank.

“By optimising foodpanda’s expansive network and connecting it with AEON Bank’s Shariah-compliant products and AEON Points loyalty programme, we aim to deliver meaningful impacts to the target segments — particularly gig workers and MSMEs — while driving growth and engagement,” Teh Maimunah said.

AEON Bank and foodpanda Malaysia expect to contribute to Malaysia’s food delivery and online grocery sector, where user penetration is expected to reach 34.2% in 2025 and over 14.5 million users by 2030.

CEO of AEON Bank, YM Raja Paduka Teh Maimunah and Managing Director of foodpanda Malaysia, Tan Ming Luk signed the MoU that outlines the strategic partnership