KinerjaPay Corp. Partners With Two of Indonesia's Leading Convenience Store Chains Adding Another 23,000 Locations to Its Network
Indomaret And Alfamart Will Accept Payments For Transactions Made On KinerjaPay Platform
JAKARTA, Indonesia, April 26, 2017
KinerjaPay Corp.,(OTCQB: KPAY), a digital payment and ecommerce platform, ("KinerjaPay" or the "Company") today announced that Indomaret and Alfamart, two of Indonesia's largest convenience store chains, will now allow customers to make payments on any transaction performed inside KinerjaPay platform.
Edwin Ng, Chairman and CEO for KinerjaPay Corp., commented on the addition, "Our primary objective is the facilitation of commerce for Indonesian businesses and consumers. As the vast majority of our customers do not have bank accounts or credit cards, virtually all transactions are made with cash; KinerjaPay enables customers to shop and pay bills using their smartphones instead."
Ng added, "These agreements provide our customers with access to another 23,000 conveniently located sites where they can use what we refer to as our "modern channel" solution for the unbanked population. Users can go to any convenience store and make payments for transactions they conduct through KinerjaPay, like paying electric or phone bills, purchasing phone vouchers, and online shopping."
Indomaret is a chain of retail convenience stores with over 12.800 stores across the country, primarily on Java, Bali, Madura and Sumatra islands. It is the first and largest chain of its kind, with stores in residential areas, office buildings and public facilities.
Alfamart is also a convenience store chain, although largely franchisee-owned. With over 10,300 stores across the country, Alfamart serves an average 3 million customers daily, stocking over 5,000 food products and non-food to meet the day-to-day needs of Indonesians.
The Indonesian economy generates nearly $1 trillion annually, however only 42% of the 250+ million citizens have bank accounts and only 5% have credit cards. KinerjaPay's network of payment channels and mobile apps allow un-banked Indonesian consumers and business to shop and pay bills quickly, safely and conveniently.
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