Logiq Launches Exclusive Mobile Payment Services for Required Driver License Testing Across Indonesia

| Press Release
Logiq Launches Exclusive Mobile Payment Services for Required Driver License Testing Across Indonesia

NEW YORK, Sept. 09, 2021 (GLOBE NEWSWIRE) — Logiq Inc. (NEO:LGIQ)(OTCQX:LGIQ), a global provider of award-winning e-commerce and fintech solutions, has launched a new exclusive mobile payment option for driver license psychological testing in Indonesia. The tests are mandatory for millions of Indonesians looking to obtain or renew their license.

The launch follows Logiq’s announcement at the end of June that it partnered with Mentalku, the exclusive government-licensed provider of these tests that are mandated by regulatory statute. Mentalku administered about 17 million such tests last year.

As part of an initial pilot program for the new mobile payment services, Logiq has integrated its mobile payment solution, AtozPay™, into the Mentalku mobile app. AtozPay is also now initially available on payment terminals located in Mentalku testing centers across East Java.

The Mentalku app also offers telemedicine services, digital testing and virtual counselling that can be paid for using the newly integrated AtozPay eWallet payment gateway.

“This launch represents the first time electronic payments can be made within Mentalku’s mobile app or at their testing center terminals,” stated Logiq president, Brent Suen. “Following the initial pilot program, we plan to expand the payment services to Mentalku testing facilities throughout Indonesia beginning in 2022. The full roll out will include additional commercial features and services, such as mobile airtime and data top-up, e-money, general payments, and deliveries.”

The CEO of Mentalku, Dr. Mohsein Saleh Badegel, added: “Our strategic partnership with Logiq also allows Mentalku to expand its services online to include payments and delivery of pharmaceuticals. We see Logiq as a strong value-add partner who supports our aspirations to become the next Goto or Decacorn.”

Logiq’s digital wallet technology enables users to perform multiple financial transactions quickly and securely, including money transfers, receiving and repaying loans, accessing insurance, buying airtime or data, and paying bills or merchants—all conveniently on their mobile phone, anytime, anywhere.

To learn more about Logiq’s mobile payment services, go to Loqiq.com.

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 e-commerce marketing solution. Its AI-powered LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend. 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 | TwitterFacebook.

Important Cautions Regarding Forward-Looking Statements

This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This press release also contains forward‐looking statements and forward‐looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward‐looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward‐looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this press release should not be unduly relied upon.

These statements speak only as of the date of this press release. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, our competitive position in our industry, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward‐looking statement. Any forward‐looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Company Contact

Brent Suen, President
Logiq, Inc.
Email contact

Media & Investor Contact

Ronald Both or Justin Lumley
CMA Investor & Media Relations
Tel (949) 432-7566
Email contact