Logiq’s (OTC: LGIQ) PayLogiq Partners with Indonesian Bank BPRS Insan Cita to Provide Digital Payment Solutions to 18,000 Customers

NEW YORK, Nov. 04, 2021 — Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning customer acquisition solutions, has partnered with Jakarta – PT Bank Pembiayaan Rakyat Syariah Insan Cita Aritha Jaya (BPRS Insan Cita) to offer micro-finance services and digital payment solutions to its more than 18,000 customers and general public.

Logiq will provide these services through its mobile fintech platform, PayLogiq, including an eWallet, online bill payment, funds-in-advance-of paycheck and other financial products. These services are now available to select customers and Logiq expects to fully release these services over the next three months.

“We welcome BPRS Insan Cita as the first Indonesian bank to join our new micro-finance program,” said Logiq’s president, Brent Suen. “Insan Cita shares our vision of greater financial inclusion in Indonesia, with this advanced through the greater adoption of our micro-finance services.

“The introduction of this program to their thousands of customers represents a tremendous endorsement of our micro-finance and mobile payments solutions. We see this paving the way for other banks to follow, as well as a rapid ramp up in revenue generated by this micro-finance program.”

The partnership with BPRS Insan Cita follows Logiq’s recent approval of a lending interest rate from the Indonesian government for the launch of micro-lending services to the more than 50 million members of Badan Perlayanan Jaminan Sosial Ketenagakerjaan (BPJSTK), which manages their pensions and health benefits.

The lending rate approval is part of Logiq’s earlier announced launch of mobile fintech services in an exclusive strategic alliance with the country’s social security program provider, Koperasi Mona Santoso Berjaya (KMSB). Together, they will be offering microloans to BPJSTK members for personal and business use.

Logiq and KMSB are also developing a jointly owned and operated mobile fintech platform designed to deliver these mobile financial services throughout Indonesia. Logiq, through its Indonesian operations, is providing the platform design and technology, management, ongoing hosting and technical support. KMSB is providing the professional and financial institutional relationships that will drive the micro-finance program.

The global pandemic has accelerated the adoption of digital financial services across Southeast Asia and has driven increasing demand for contactless digital banking services. According to SGE, Indonesia’s digital financial services market is expected to soar at a compounded annual growth rate of 34% to reach US$8.6 billion by 2025.

About Logiq

Logiq Inc. is a U.S.-based leading global provider of e-commerce and fintech business enablement solutions. Its DataLogiq business provides a data-driven, end-to-end marketing and consumer acquisition solution. Its AI-powered LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend and personalization. The company’s Fixel technology offers simplified online marketing with critical privacy features.

In its AppLogiq business, Logiq’s platform-as-a-service, branded as CreateApp™, enables small- and medium-sized businesses worldwide to easily create and deploy a native mobile app for their business without technical knowledge or background. CreateApp™ empowers businesses to reach more customers, increase sales, manage logistics, and promote their products and services in an easy, affordable, and highly efficient way.

CreateApp™ is offered in 14 languages across 10 countries and three continents, including some of the fastest-growing emerging markets in Southeast Asia. The company’s PayLogiq, branded as AtozPay™ in Indonesia, offers mobile payments, and GoLogiq, branded as AtozGo™ in Indonesia, offers hyper-local food delivery services. Connect with Logiq: website | LinkedIn | Twitter| Facebook.

Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.