Logiq Inc (LGIQ) Stock Attempts To Recover From Lows

Shares of Logiq Inc (OTCMKTS:LGIQ) picked up momentum on Thursday and closed higher by over 4% to $3.63 on unusual volume. The stock has fallen over 60% since the beginning of the year.

Launches New Exclusive Mobile Payment Option For Driver License Psychological Testing In Indonesia

Logiq Inc (OTCMKTS:LGIQ) on September 9, 2021 said that it launched a special mobile payment option for license testing of drivers in Indonesia ,a mandatory need for millions requiring license or renewal of license.

In June 2021, the firm had partnered with Mentalku ,government-licensed provider of tests mandated by regulatory statute. Mentalku had done 17 million tests last year.  For the pilot program , Logiq is integrating Atozpay, the mobile payment solution , into Mentalku mobile app.

Also offering telemedicine services as well digital testing besides virtual counselling, Mentalku app can be used for plethora of services.  Brent sue, Logiq president, said that the launch shows that electronic payments can be done using Mentalku mobile app. Sue added that the company intends to expand payment services throughout Indonesia by 2022 and the complete roll-out includes commercial feature and services.

CEO of Mentalku , Dr Mohsein Saleh Badegel, said that the strategic partnership will allow the firm to expand online services for including delivery and payment of pharmaceuticals.

Logiq, a leading US-based global provider of e-commerce and fintech business enablement solutions, has digital wallet technology performing myriad financial transactions quickly including loans , accessing insurance , paying bills conveniently over phone.

Logiq’s platform-as-a-service, named CreateApp, allows SME’s globally to create a native mobile app for business without technical knowledge.