Meals supply firm foodpanda Singapore is implementing a platform payment of S$0.29 for all orders from this Sunday (Nov 21).

The agency mentioned that the payment can be used to develop and improve options on its platform, reminiscent of growing assets for the app’s retailers and common platform upkeep.

Competitor GrabFood Singapore additionally expenses a platform payment of S$0.30 on all supply orders.

Deliveroo Singapore doesn’t cost a platform payment, however there’s an analogous “service payment” of S$0.30 on all orders which matches into its 24-hour customer support and app enhancements.

GrabFood and Deliveroo has a variable small order payment for meals order values lower than the minimal quantity.

As for foodpanda, users are topic to minimal order values for some retailers, and should have to prime up the distinction for orders that don’t meet the minimal order worth.

Quick-growing meals supply market

Meals supply firms have been aggressively increasing in Singapore and the area, to compete for a bigger piece of the pie.

The e-Conomy SEA 2021 report by Google, Temasek, and Bain & Firm confirmed the meals supply sector rising 33 per cent year-on-year to attain US$12 billion in gross merchandise worth (GMV) in the area.

In Singapore, Seize and foodpanda are neck-to-neck in market share, with Seize at a 42 per cent share of the pie and foodpanda at 34 per cent, in accordance to analysis from Momentum Works and Statista.

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Featured Picture Credit score: Nikkei