Southeast Asian ride-hailing and mobile payments platform Grab has acquired e-commerce platform Kudo in a deal that is the first step in Grab President Ming Maa 's plan to invest $700 million in Vietnam over July 2014 . Grab CEO and co-founder Anthony Tan (left) with Albert Lucius, CEO of Kudo Grab, a ride-hailing and mobile payments platform in Southeast Asia, will acquire Indonesia-based O2O (online to offline) ecommerce platform Kudo. As part of the agreement, Kudo ' online-to-offline platform, which allows unbanked consumers to shop online from connected merchants and service providers via its nationwide network of local agents, will be integrated with Grab 's mobile payments platform, while Kudos ' insurance and consumer loans offerings will be expanded.
Southeast Asian ride-hailing and mobile payments platform Grab has acquired e-commerce platform Kudo in a deal that is the first step in Grab President Ming Maa 's plan to invest $700 million in Vietnam over July 2014 . As part of the agreement, Kudo ' online-to-offline platform, which allows unbanked consumers to shop online from connected merchants and service providers via its nationwide network of local agents, will be integrated with Grab 's mobile payments platform, while Kudos ' insurance and consumer loans offerings will be expanded.