KinerjaPay Corp. to Offer Alternative Offline Payment Capabilities in the Indonesian Market
Indonesia's State-run Post Office to Participate in the Company's Payment Platform
JAKARTA, Indonesia, April 6, 2017
KinerjaPay Corp.,(OTCQB: KPAY), a digital payment and ecommerce platform, ("KinerjaPay" or the "Company") announced that it is now providing an offline alternative to traditional payment services in the Indonesian market, enabling un-banked Indonesians the ability to manage and add to cash balances in Company-linked accounts for use within the KinerjaPay platform and mobile apps.
The Company also announced that Pos Indonesia, the state-owned postal service, is now accepting payments through the KinerjaPay platform. Pos Indonesia operates in 11 regional divisions across the country, each covering multiple provinces. Pos Indonesia services 100% of the Country's inner cities and rural areas and approximately 42% of Indonesia's remote locations through its 4,800 post offices.
Although the Indonesian economy generates nearly $1 trillion annually, only 42% of the 250+ million citizens have bank accounts and only 5% have credit cards. KinerjaPay's new service expands the Company's existing platform of payment channels which allow un-banked Indonesian consumers and business to shop and pay bills quickly, safely and conveniently.
Edwin Ng, Chairman and CEO for KinerjaPay Corp. commented, "We are very proud of this feature and determined to improve the lives of Indonesians through our solutions. We believe that Indonesia will quickly move towards a digital and cashless society, and we launched this service because we recognized that offline options need to be combine with online solution to address the needs of the huge unbanked population in Indonesia."
Mr. Ng went on to say, "The KinerjaPay platform has been very well received across Indonesia; we are now driving over 1,000 transactions per day. The offline component provides citizens with even greater flexibility in managing their day to day finances, facilitating their access to services as basic as the post office."
About KinerjaPay
KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company's services are available through its mobile applications and on its website at http://www.kinerjapay.com.
Notice Regarding Forward-Looking Statements
This press release may contain forward-looking statements, about KPAY's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing. Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY 's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY 's filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on February 11, 2016.
For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter.
Media Contact:
KinerjaPay Corp.
Email: info@kinerjapay.co
+62-8229-777-0098