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foodpanda & Pine Labs’ Qwikcilver to launch Gift Cards for checkout payments

By Gloria Mathias

December 27, 2023

  • APAC news
  • Finance Platform APAC news
  • Fintech news
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Pine Labs, Qwikcilver, Fintech News, Payments, Gift Cards, Fintech solutions, Payments solutions, Food payments,  Pine Labs’ Qwikcilver, an end-to-end gift card and stored value solutions provider in SEA and India, and foodpanda, Asia’s food and grocery delivery network, have partnered to launch foodpanda Gift Cards, an enhanced solution that enables foodpanda customers to easily redeem and cart out purchases.

The new Gift Card feature will be first available to foodpanda corporate customers under ‘foodpanda for Business’, the company’s vertical providing corporate solutions. The integration of Gift Cards simplifies the administrative process for foodpanda’s corporate customers as it lets them easily purchase and share Gift Cards with their employees via the foodpanda for business portal, enabling them to easily keep track of previous purchases and spends.

Upon confirmation of orders, recipients will be able to receive their Gift Cards within 24 hours, providing a convenient way for companies to dish out employee benefits that suit any occasion.

For employees, Gift Cards also allow for greater flexibility for usage as unlike vouchers, Gift Cards allow customers to store any unused balance for later use. Gift Cards can also be used on multiple orders, providing customers with more options to redeem their Gift Cards on foodpanda’s many services, including purchasing groceries at pandamart and retail specialty goods on foodpanda shops.

The Gift Cards powered by Pine Labs Qwikcilver are currently available for purchase in Thailand and Singapore, and will eventually be rolled out to all 11 markets that foodpanda operates in.

Abhishek Ahuja, Director of Fintech at foodpanda said, “Together with Pine Labs’ Qwikcilver, we can now offer companies a user-friendly way that they can show appreciation for their employees through Gift Cards, without the additional administrative and payment burden.”

“With a presence in more than 400 cities, foodpanda is a name to reckon with in the online food delivery and grocery space. For Pine Labs’ Qwikcilver brand, it is an absolute thrill to partner with tech-first company foodpanda and power their gift cards and vouchers program across 11 APAC countries, and this is just the beginning of future collaborations between the two entities,” said Dheeraj Chowdhry, Chief Business Officer – SEA, Pine Labs.

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