There’s not a single food delivery or ride hailing app in Asia or the West (Uber, Lyft, Bolt, Deliveroo, Delivery Hero and more that have gone bust) to date that has made a profit.
It’s all about getting as many users onboard as quickly possible , collecting data about every aspect of their lives and having the ‘everything app’ that people live through - banking, loans, food, travel, health, medical. These areas are all connected - loans for cars, hospitals. Houses, holidays etc etc .
Grab already provides finance loans to its riders, with repayments deducted through each day of work they do. The next step is to have credit accounts and bypass banks (not a bad thing) as they are already doing in Singapore.
Line already has payment features but their food delivery service is not as popular as Panda or Grab. Collecting their users could mean everything could be done through the Line app.