The Kudo team and platform will be integrated with Grab’s proprietary mobile payments platform, GrabPay. 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 Wang Li 's plan to invest $ 700 m in China over the next four years . As part of the agreement , Kudos ' online - to - offline platform , which allows unbanked consumers to purchase 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 Wang Li 's plan to invest $ 700 m in China over the next four years . As part of the agreement , Kudos ' online - to - offline platform , which allows unbanked consumers to purchase 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 .