foodpanda, Agribank join hands to offer affordable motorcycle financing to partner riders

As more and more people embrace online food delivery services, supporting the gig economy players in this thriving sector becomes even more relevant. To help address the needs of its partner riders, leading online q-commerce platform foodpanda recently formed a partnership with Agribank, one of the country’s leading rural banking institutions, to provide accessible and flexible motorcycle loan options for their partner rider fleet. 

Through this joint venture, Ka-Panda partner riders can now avail motorcycle units from a wide range of motorcycle brands and enjoy low monthly installments with exclusive discounts. Additionally, riders can easily apply for the motorcycle loan through AgriBank’s online portal without going through a tedious manual process.

“The collaboration is definitely one that will elevate the game in the country’s gig economy,” said Patricia Jacinto, Operations Director of foodpanda Philippines. “For us at foodpanda, we want to be known not just as a delivery platform that provides livelihood opportunities to Filipinos, but also one that puts the welfare of its partner riders as a priority – such as offering competitive benefits to them.” 

“We are glad to be working with foodpanda in this project that will benefit and create an impact in improving the lives of their riders,” Agribank’s President Danny Boy Antonio said. “We have also made our deposit products available to these partner riders as part of our advocacy to serve the unbanked market so they can place their hard-earned money in a Savings Account that will help them advance their financial goals in the future.” 

Sharing AgriBank’s goal of financial inclusion for all, Jacinto explained that “with this program, [riders] no longer need to show a paystub or go through a stringent process, which is often the case when applying for a motorcycle loan.”

Antonio also shared that they are looking forward to embarking on more activities with foodpanda which they can work on together moving forward. 

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About foodpanda:

foodpanda is dedicated to bringing food lovers their favorite meals from curated local restaurants in the Philippines. Since its creation, the on-demand food delivery service has grown to more than 170,000 partner restaurants in more than 325 cities across 13 Asian and Central Europe markets. foodpanda Philippines currently operates in 150 cities and municipalities across the Philippines and continuously expanding. foodpanda is a subsidiary under Delivery Hero, a worldwide leader of the food delivery industry. For more information, visit www.foodpanda.ph. 

How it works:

Through the foodpanda website or via the new iOS and Android apps, customers can enter their address and view a curated list of restaurants and shops serving their neighborhood. Once they have found their choice, they can place an order in the comfort of their home or office, paying online through foodpanda’s secure platform or via cash-on-delivery The order is then carefully prepared by the restaurant or shop, picked up by the foodpanda rider and delivered straight to their doorstep