UPDATE - Emerging Markets Report: Fifty Million Reasons
September 21 2021 - 3:20PM
InvestorsHub NewsWire
Logiq to Enter Massive Market, Changes Lives for the
Better
ORLANDO, FL -- September 21, 2021 -- InvestorsHub NewsWire --
via Emerging
Markets -- Not long ago we continued our coverage
of Logiq,
Inc. (NEO:
LGIQ) (OTCQX:
LGIQ), a global provider of award-winning e-commerce
and fintech solutions with an
essay on how the Company reported that it 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.
It's not that we are prophetic or even that we're that skilled
at identifying opportunity. We just know that deals can beget
deals.
And with the size of the opportunity in Indonesia. As such, it
is with interest that we are looking at the report
that Logiq received approval of an annual lending rate
from the Indonesian Government to provide micro-lending services to
the more than 50 million members of Badan Perlayanan Jaminan
Sosial Ketenagakerjaan (BPJSTK). BPJSTK manages the pensions
and health benefits for these members in Indonesia.
First off, we love the idea of micro lending, of helping those
in need start businesses and better themselves. Microlending can be
amazing, transformative… mutually beneficial for lender and
recipient.
As Logiq president Brent Suen said, "This lending rate approval
by the Indonesian Government represents a major step towards
improving the lives of millions of Indonesians who do not have
access to traditional financial services."
It's another big deal with the Indonesian government which for
us certainly implies some level of trust or satisfaction with the
decision makers. But it's also an opportunity to change lives and
to potentially bring in additional revenue for Logiq.
For more information, visit https://logiq.com/.
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