Grab acquires Kudo to boost mobile payment platform
Company appoints Jason Thompson head of GrabPay
Singapore-based ride-hailing and mobile payments platform Grab has entered into an agreement to acquire Kudo, an Indonesian start-up specializing in online to offline (O2O) e-commerce, for an undisclosed amount, the company said in a press release on 3 April. Kudo’s platform enables customers without bank account to shop online by connecting them with online merchant and service providers via its network of more than 400,000 agents in 500 towns and cities in Indonesia.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
