The services based on Logiq's PayLogiq digital wallet will be powered by Comviva's mobiquity Pay platform. mobiquity Pay is a digital wallet solution, powering over 70 digital financial services across more than 50 countries.
In addition, Logiq has partnered with Koperasi Mona Santoso Berjaya to provide micro-lending services to members of the Badan Perlayanan Jaminan Sosial Ketenagakerjaan (BPJSTK) social security agency. The micro-lending services aim to benefit BPJSTK's members as well as SMBs.
Using Logiq's digital wallet, BPJSTK members and SMBs will be able to perform financial transactions such as money transfers, receiving and repaying loans, accessing insurance, buying airtime or data, and paying bills or merchants.
Furthermore, Logiq has also recently partnered with Yabx, a fintech venture of Comviva, to offer credit-based financial services such as cash advance for merchants and buy-now-pay-later options for consumers.
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