Thursday, November 21

Foodpanda Strengthens Payment Portfolio With PhonePe Deal

Foodpanda, the food delivery app announced on Tuesday that it will begin a partnership with PhonePe to provide digital payments to every users on their platform. Moreover, Foodpanda users will benefit from a cashback of 50% up to Rs 100 on their first order as a first offer from PhonePe.

This partnership will now enable consumers to benefit from several methods of mobile payment such as PhonePe Wallet, UPI (Unified Payment Interface), Credit and Debit cards which can now be used to pay for food orders on the app.

“The partnership with PhonePe is in sync with the country’s swift movement towards digital payments considering they are less time consuming, secured and reliable. Like this, we intend to enter several other partnerships in the future to create a robust food tech ecosystem for all our stakeholders,” said Foodpanda’s Head of Partnerships and New Initiatives Anuj Sahai.

“At PhonePe, we are working to create a smooth and secure payment ecosystem that is conducive to all types of digital transactions be it using wallets, UPI or debit and credit cards. Online food ordering is a fast growing use case that has gained significant popularity among consumers,” said PhonePe’s Head-Business Development, Pradeep Dodle.

With this partnership with Foodpanda, PhonePe customers would be able to pay for their food orders faster,

he added.

Foodpanda currently boasts the widest reach in the country in the food delivery sector and the startup is looking forward to finding solutions for their customers’ needs by setting up a strong business proposition to the restaurants it partners with. Additionally, the firm is willing to cement its position in the food-tech sector by striking additional partnerships with payment apps, offer personalized menu to its customers and create virtual food festival such as What The Feast.

Foodpanda is, therefore, participating actively in creating the future wave of digital revolution in the country.