Logiq Inc Stock Price, News & Analysis

Logiq, a global provider of e-commerce and fintech solutions, has launched a new mobile payment option for psychological testing required for driver licenses in Indonesia, targeting millions of applicants. Additionally, Logiq received approval for an annual lending rate from the Indonesian Government to facilitate micro-lending services for over 50 million members of BPJSTK, which manages pensions and health benefits in Indonesia. This initiative represents a significant step towards improving financial access and generating potential revenue for Logiq.

Logiq, Inc. (LGIQ) has launched a new mobile payment service for driver license psychological testing in Indonesia, which is mandatory for millions seeking licenses. Furthermore, Logiq received approval from the Indonesian Government for an annual lending rate to provide micro-lending services to over 50 million members of BPJSTK, aiding individuals in accessing financial services. These developments highlight Logiq's potential to expand its market presence while positively impacting the lives of Indonesians by enhancing access to necessary services.

Logiq, Inc. (NEO: LGIQ) has announced a preliminary agreement with Novaji Introserve to deliver home delivery and mobile financial services to Nigeria's unbanked population. The partnership aims to implement Logiq’s GoLogiq and PayLogiq platforms for various fintech services, targeting a pilot program by the end of 2021 and full deployment in 2022. With 56% of Nigerian adults unbanked and 81% owning mobile phones, this initiative aligns with Nigeria's goal to enhance financial inclusion significantly.

Logiq Inc. (LGIQ) is expanding into new markets, having launched a mobile payment solution for psychological testing related to driver license applications in Indonesia. This initiative follows a partnership with Mentalku, the official provider of these mandatory tests. Last year, Mentalku administered approximately 17 million tests, marking a significant opportunity for Logiq's AtozPay payment gateway. The partnership also includes a microlending platform collaboration with BPJSTK, Indonesia's social security organization.

Logiq (LGIQ) has received approval from the Indonesian Government to provide micro-lending services to over 50 million members of BPJSTK, focusing on financial inclusion. This comes after a delay due to COVID-19 but aims to leverage the growing demand for digital financial services, projected to grow at a 34% CAGR to reach $8.6 billion by 2025. Logiq will roll out services initially to 5 million drivers and 6,000 government employees, allowing loans up to 20% of annual salaries. The partnership with KMSB will develop a mobile fintech platform to support these services.

Logiq, Inc. (NEO: LGIQ) announced executive stock transactions on Sept. 10, 2021. CEO Tom Furukawa sold 13,488 shares to cover tax liabilities from restricted stock units, marking the initial use of a new program allowing share sales for tax withholding. The option will be discontinued for corporate officers. In contrast, President Brent Suen purchased 24,000 shares at an average price of $3.21 each. Suen clarified that the sale should not be seen as a sign of decreased confidence in the company's performance, as tax-related sales are common in larger firms.

Logiq, Inc. (NEO: LGIQ) has launched a new mobile payment option for driver license psychological testing in Indonesia, partnering with Mentalku, the government-licensed test provider. The service, integrated into the Mentalku app, aims to facilitate payments for millions seeking licenses. The pilot program utilizes Logiq's AtozPay™ technology, available at Mentalku testing centers across East Java. Following the pilot, expansion is planned for 2022, including features for mobile airtime top-ups and digital transactions. This collaboration enhances Mentalku's online services, aligning with its vision for growth.

Logiq, Inc. (NEO: LGIQ) has partnered with IRIS.TV to enhance transparency and performance in streaming video for e-commerce marketers. This collaboration introduces IRIS_ID, a unique identifier for individual videos, facilitating brand-safe targeting for connected TV (CTV) advertising. eMarketer anticipates programmatic CTV spending will reach $2.37 billion in 2021, highlighting the sector's growth. Logiq aims to optimize video campaign performance through this partnership, providing small-to-mid-sized brands with access to video-level data for effective advertising strategies.

Logiq, Inc. (NEO: LGIQ), a leading provider of e-commerce and fintech solutions, launched CreateApp 4.0, featuring a robust inventory management system and enhanced food ordering capabilities. A new proprietary data platform, Radix, consolidates data across mobile commerce, aiding in analytics for unbanked users in emerging markets. The company also initiated a $500,000 digital marketing campaign with Civet Digital to expand product awareness. These developments aim to enhance user experience and drive growth in the rapidly evolving m-commerce sector.