UCB Fintech Company Ltd’s mobile financial service upay and foodpanda Bangladesh have entered into a strategic partnership to introduce a digital cash collection solution for foodpanda riders, aiming to make transactions more seamless, secure and convenient across Bangladesh.
The agreement was signed recently at a ceremony held at Golden Tulip The Grandmark Dhaka. Under the partnership, foodpanda riders will use upay’s digital payment platform to facilitate collections, a move the companies said in a press release would help strengthen the country’s growing cashless ecosystem.
The two organisations will work together to develop a rider-centric user journey, enabling foodpanda riders to migrate more easily to upay’s collection solution and encouraging wider adoption of digital transactions.
The collaboration is also expected to create opportunities for upay agents and foodpanda riders through a more efficient collection and settlement process, according to the press release.
Representing foodpanda Bangladesh at the signing ceremony were Tanveer Rashid, Director-Finance; Siddhartha Bhowmick, Head of Partnership & Shops; Mohiuddin Kazi Showron, Lead-Fintech & Digital Payment; Mohammad Ruhul Amin Robin, Lead-Country Fleet Health; and Md Istiaque Haque Robin, Assistant Manager-Quality Team.
From upay, attendees included Sajjad Alam, Head of Corporate Sales; Md Mahbub Sobhan, Chief Business Officer; Md Mamunur Rashid, Manager-Corporate Sales; Josim Uddin, Regional Sales Manager; Mienul Islam Chowdhury, KAM-Corporate Sales; and Sohel Rana, KAM-Corporate Sales.
The partnership combines upay’s mobile financial services network with foodpanda’s delivery and customer ecosystem and represents another step in the development of Bangladesh’s digital commerce landscape, the companies said in the press release.
