Mastercard collaborates with foodpanda to fuel the growth of Pak’s digital economy

Karachi
Mastercard has once again collaborated with foodpanda to boost digital payment in Pakistan and support the nation’s transition toward a cashless economy.
According to data from the State Bank of Pakistan, currency in circulation (CIC) in the country increased by 11.2% during the first half of 2024. The partnership introduces initiatives designed to encourage the use of digital payment methods over cash on delivery (COD). By leveraging foodpanda’s extensive network, Mastercard will drive awareness and usage of secure, rewarding payment options for millions of consumers across the country.
“By combining our global expertise in seamless and secure payment technologies with foodpanda’s vast reach, we are making digital payments more accessible and convenient for consumers across the country.” said Muhammad Nana, senior vice president, Digital Partnerships, EEMEA, Mastercard.
“Our partnership with Mastercard enables us to accelerate this transformation, turning COD users into active digital consumers. As we serve a significant percentage of the population, this initiative reflects our commitment to innovation and financial inclusion in untapped markets,” said Muntaqa Peracha, CEO, foodpanda Pakistan.