Logiq Inc (LGIQ)

[Diamondjim61]

My AtoZpay shares may actually be worth something.

https://www.globenewswire.com/news-release/2019/09/04/1910813/0/en/Weyland-s-AtozPay-and-Grab-Partner-for-Short-Distance-Food-Delivery-Service-in-Jakarta.html

New York, NY, Sept. 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech (OTCQX: WEYL), a leading global provider of m-Commerce solutions, and its mobile fintech partner, AtozPay, have joined forces with Grab, the leading online-to-offline mobile platform in Southeast Asia, to promote the new AtozGo short-distance food delivery service in Jakarta, Indonesia.

Launched earlier this week, Grab is supporting a new AtozGo co-marketing campaign, targeting food establishments and mobile users in certain areas of Jakarta. Following a successful roll-out, the campaign is expected to expand to other areas of the city, along with the possibility of a strategic investment by Grab.

The program builds upon an existing relationship with Grab, where AtozPay’s e-Wallet provides payment options for Grab’s various m-Commerce apps used for ordering shared transportation and delivery services.

AtozGo, which is powered by AtozPay’s mobile payment platform and Weyland’s m-Commerce technology, allows office workers and city dwellers to browse the menus of their local favorite restaurants on their smartphone. They can easily order and pay for meals using their AtozPay e-Wallet, and track deliveries to their door. AtozGo saves the hassle of waiting in line, while providing a fast and easy way for others to make extra income in their spare time.

Unlike other food delivery services, such as GrabFood, AtozGo increases the potential population of delivery people by not requiring a motor vehicle. They simply need to be within walking distance of the customer and local food establishments. This helps make it a more affordable and faster option for urban consumers.

Given Jakarta’s population of 30 million, with another 3.5 million commuting daily, the city was an ideal location to launch AtozGo, initially targeting a single square block of offices. Since its launch in July, AtozGo has now reached more than 1,400 deliveries per day at this location.

“The success of the AtozGo model has begun to attract the attention of major players like Grab who appreciate its innovative approach and see an opportunity to expand their market reach,” said Weyland Tech CEO, Brent Suen. “Jakarta’s vast population, a huge selection of small eateries around the city, and our powerful m-Commerce technology, all make for a tremendously successful combination.

“In fact, AtozGo has been so successful, it has reached a saturation point in its initial deployment area,” continued Suen. “Having now proven out the model, scaling it up to multiple square office blocks can be greatly assisted by a technical infrastructure made possible by partnering with Grab, as well as further investment into marketing and customer aggregation.”

For Weyland Tech, the partnership with Grab also presents an opportunity to introduce its CreateApp mobile app development solution to a greater audience of merchants and SMBs.

“Grab's extensive network of small enterprises that use its transport, logistics and delivery solutions represents a great number of potential customers for CreateApp,” said Suen. “Their existing penetration of middle to higher income populations further enhances this opportunity.”