When we think of SuperApps we clearly look East. China with WeChat and Ant's Alipay, the burgeoning Southeast Asia with Goto Group (merger of Gojek and Tokopedia), which just cashed in $400M at a $28.5B valuation, and its competitor Grab, Korea has Kakao and Japan has Line. Latin America also is seeing the emergence of superapps such as Mercado Libre and Rappi.
When we look at the west, be it the US or Europe, long has been discussed whether Super Apps can develop or not. As of today, there is none and Paypal wants to become the first one. Its latest move was rumoured to be the acquisition of Pinterest for $45B. The deal has been pulled off yesterday after its shareholders balk.
Would it have been the right move for them or not? Let's dive in.
For more on "where are Western SuperApps?": https://dealroom.co/blog/where-are-the-western-superapps