Logiq, Comviva Offer Digital Wallet, Payment Services

By Ahmed Rahma

An operator of an online mobile application platform, Logiq, has collaborated with Comviva to offer digital wallet and payment services.

Recall that recently, Logiq partnered with Yabx, a fintech venture of a global leader in digital financial solutions to offer credit-based financial services.

The new deal with Comviva will enable the firm to offer its services across Indonesia and it is based on Logiq’s PayLogiq digital wallet to be powered by Comviva’s mobiquity® Pay platform.

mobiquity Pay, which is one of the world’s largest digital wallet solutions, powering over 70 digital financial services across more than 50 countries, is expected to play an essential role in Logiq’s new partnership with Koperasi Mona Santoso Berjaya (KMSB).

Together with KMSB, Logiq is providing micro-lending services to members of Badan Perlayanan Jaminan Sosial Ketenagakerjaan (BPJSTK), the social security agency that provides retirement and pension plans on behalf of Indonesian government entities.

Speaking on the development, the chief strategy officer at Logiq, Mr Matthew Brent said, the collaboration will help with the provision of a “best-in-class” digital wallet in the country.

“Our partnership with Comviva enables us to provide best-in-class digital wallet services to thousands of individuals and small-and-medium-sized businesses (SMBs) in Indonesia,” he said.

“Digital is quickly becoming the preferred method for transactions, and the global pandemic has only accelerated that transition.

“By providing digital access to an array of financial services instantly from the convenience of a mobile device, we see our combined platform enhancing the lives of many people, helping to grow their businesses and boosting the country’s economic activity,” he explained.

On the beneficiary of the micro-lending, it was disclosed that the services will benefit BPJSTK’s 48 million members and 600,000 SMBs.

The partnership with Comviva will also allow Logiq to extend swift, convenient and secure digital wallet services to BPJSTK members and SMBs.

Using Logiq’s digital wallet, BPJSTK members and SMBs will be able to perform multiple financial transactions quickly and securely, including money transfers, receiving and repaying loans, accessing insurance, buying airtime or data, paying bills or merchants—all on their mobile phone, anytime, anywhere.

Also commenting, the COO and EVP of Digital Financial Solutions at Comviva, Srinivas Nidugondi, said, “Our mobiquity Pay is a feature-rich, scalable and flexible digital wallet platform that has been deployed across five continents.

“We will bring our global expertise in digital wallets to this deployment with Logiq.

“The platform will enable Loqiq to accelerate the growth of digital wallets in Indonesia by introducing innovative digital financial services to transform the way Indonesians save, borrow, transfer and make payments.”