AEON Bank (M) Berhad, Malaysia’s first Islamic digital bank, has partnered with foodpanda Malaysia to drive digital banking among riders, merchants, and customers through innovative fintech solutions. The partnership aims to enhance financial inclusion, support gig workers, and accelerate business growth across the country’s booming food and grocery delivery ecosystem.
MALAYSIA, 5 AUGUST 2025 – AEON Bank (M) Berhad, Malaysia’s pioneering Islamic digital bank, has officially inked a strategic partnership with foodpanda Malaysia, the nation’s leading online food and grocery delivery platform. The collaboration is designed to strengthen financial inclusion, foster fintech adoption, and empower the gig economy through tech-driven banking solutions tailored to riders, merchants, and consumers.
The partnership was formalised with the signing of a Memorandum of Understanding (MoU) by YM Raja Datin Paduka Teh Maimunah Raja Abdul Aziz, Chief Executive Officer of AEON Bank, and Tan Ming Luk, Managing Director of foodpanda Malaysia.
At the core of the partnership is a wide-ranging initiative to enhance digital financing access, facilitate customer acquisition, co-develop joint marketing campaigns, and offer value-added services to the broader ecosystem of foodpanda’s stakeholders — including over 10,000 riders, thousands of merchants, and millions of users.
“This strategic partnership with foodpanda marks the beginning of an exciting chapter for AEON Bank,” said YM Raja Datin Paduka Teh Maimunah. “By connecting foodpanda’s extensive delivery and merchant network with our Shariah-compliant digital banking offerings and AEON Points loyalty programme, we are enabling access to meaningful financial services for Malaysia’s gig workers and MSMEs.”
With Malaysia’s food delivery and online grocery market projected to reach a user base of over 14.5 million by 2030, the partnership is expected to play a vital role in accelerating fintech adoption in underserved segments.
Tan Ming Luk added, “For foodpanda riders, this collaboration is about more than deliveries — it’s about access to microfinancing, essential digital tools, and financial literacy programmes. For merchants, AEON Bank’s support opens new growth avenues through financing and joint campaigns, while customers will enjoy exclusive rewards and easier access to AEON’s retail ecosystem.”
Among the key initiatives in the pipeline:
- For Riders:
- Access to digital banking tools and microfinancing for devices and motorcycles
- Financial literacy programmes to improve money management
- For Merchants:
- Business financing via AEON Bank to Business (AB2B) Programme
- Campaign collaborations to boost customer reach and inventory support
- For Customers:
- Exclusive rewards and promotions
- Expanded online grocery shopping across AEON’s retail network
The partnership will also feature co-branded campaigns spotlighting AEON Bank’s mascot “Neko” and foodpanda’s beloved “Pau-Pau”, creating a unique engagement strategy for a wider audience.
This collaboration marks a shared commitment to leveraging technology to drive socio-economic impact, accelerate digital financial services, and uplift the financial well-being of Malaysia’s gig and microbusiness community.
