Logiq, Inc., a global provider of award-winning e-commerce and fintech solutions, has been selected to provide mobile micro lending and related services to 48 million Indonesians in an exclusive strategic alliance with the country’s social security programme provider Koperasi Mona Santoso Berjaya (KMSB). Logiq and KMSB have agreed to jointly own and operate a new mobile fintech platform that will deliver mobile financial services. Logiq, through its Indonesian operations, will provide the platform design and technology, management, ongoing hosting and technical support. KMSB will provide micro lending services to Badan Perlayanan Jaminan Sosial Ketenagakerjaan (BPJSTK), the social security agency that administers retirement and pension plans on behalf of Indonesian government entities and about 600,000 small- and medium-sized businesses (SMBs), with a combined total of 48 million individual members.
