Foodpanda, Wasl Investment Finance Limited to Offer Delivery Riders Affordable Motorcycle Financing - Press Release issued by FoodPanda Pakistan.

Karachi -- November 11, 2022 (PPI-OT)

Following is the text of press release issued by FoodPanda Pakistan

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To help address the needs of its delivery riders, foodpanda has teamed up with Wasl Investment Finance Ltd, a non-bank finance company (NBFC), to provide accessible and flexible motorcycle loan options for its rider fleet. A signing ceremony was held in this regard recently which was attended by senior officials from both organizations.

As per the arrangement, foodpanda riders can now get motorcycles on installments as low as Rs. 999 per week. For riders' convenience, the process to acquire a new motorcycle is also kept very simple.

Any eligible rider can visit a nearby foodpanda pit stop with his valid CNIC and driving license for registration and a new motorcycle is handed over in the next few days.

The new bikes, in comparison to what the riders are mostly driving, offer significant fuel efficiencies which improve the economics of working as delivery riders. Furthermore, with affordable installment payments, the riders are able to own the asset within 18 months or less.

Speaking about the partnership, Muntaqa Peracha Managing Director and CEO foodpanda Pakistan, said, "Safety and...