The journey toward a cashless Pakistan is gaining momentum! Mastercard has once again teamed up with Foodpanda, a leading online food and grocery delivery platform, to drive digital payment adoption and support the country’s shift away from cash transactions.
Driving Financial Inclusion with Digital Payments
Mastercard reinforces its commitment to financial inclusion and strengthening Pakistan’s digital ecosystem with this partnership. According to the State Bank of Pakistan, currency in circulation (CIC) rose by 11.2% in the first half of 2024, highlighting the need for broader digital payment adoption.
By bridging the gap between cash and digital transactions, Mastercard and Foodpanda are creating a seamless, rewarding, and secure payment experience for millions of users across Pakistan.
Encouraging the Shift from Cash to Digital
Mastercard and Foodpanda have rolled out special discounts and rewards to incentivize consumers to opt for digital payments over cash on delivery (COD) to accelerate the transition.
🔹 20% OFF on Mastercard Gold and Titanium cards (Use Code: MC20)
🔹 30% OFF on Mastercard Platinum, World, and World Elite cards (Use Code: MC30)
These exciting discounts are available daily across all Foodpanda services, including food delivery, grocery shopping, and courier services—making digital payments more attractive than ever!
A Game-Changing Initiative: Payment Switch
Mastercard and Foodpanda have also introduced the Payment Switch Initiative, a strategic effort to:
✔️ Convert COD users to online payments
✔️ Position Mastercard as the preferred digital payment method
✔️ Encourage customer trial through exclusive vouchers
By offering instant rewards at the point of purchase, this initiative makes the switch to secure, cashless transactions effortless and appealing for consumers.
Leadership Insights
Muhammad Nana, Senior VP, Digital Partnerships, EEMEA, Mastercard:
“By combining our expertise in secure payment technologies with Foodpanda’s vast reach, we are making digital transactions more accessible and convenient. This partnership marks a pivotal step toward fueling Pakistan’s digital economy.”
Muntaqa Peracha, CEO, foodpanda Pakistan:
“With high smartphone penetration and a strong digital infrastructure, Pakistan is primed for rapid cashless adoption. Our partnership with Mastercard enables us to turn COD users into active digital consumers, ensuring a more seamless and secure payment experience.”
The Future of Digital Payments in Pakistan
As Pakistan’s digital transformation accelerates, collaborations like Mastercard and Foodpanda are crucial in driving financial inclusion, convenience, and economic growth. With secure payment options, exciting rewards, and increased accessibility, the shift to a cashless society is closer than ever! 🚀
🔗 Ready to experience seamless digital payments? Use your Mastercard on Foodpanda today and enjoy exclusive discounts!
