Latest Press Release

KinerjaPay Spreads Its Wings to Cover More Unbankable Population

  • By KinerjaPay Corp.
  • September 4, 2018

To optimize in-person interaction, KinerjaPay opens its first-ever concept outlet, KPOP Store.

PR Newswire




JAKARTA, Indonesia, June ­­­5, 2018 /PRNewswire/ --  KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, ("KinerjaPay" or the "Company"), announced today the launch of its KPOP Store, a concept outlet shop to increase user experience of KinerjaPay. With this new development, KinerjaPay aims to engage more with users, particularly the unbanked population, through in-person interaction with customer services such as electronic transaction, bill payment and top-up services.

KinerjaPay opens its first-ever concept outlet, KPOP Store, to optimize in-person interaction

As FinTech start-ups and e-commerce are evolving to compete with new technological deployment, KinerjaPay strikes a balance between high innovation and direct approach to user experience. However, KinerjaPay realizes that majority of people in Indonesia still depending on cash-base transactions. According to KPMG's report on Retail Payment in IndonesiaIndonesia is the second largest cash-based economy in the world. Although only 36% of Indonesian's have bank accounts, the adoption of non-cash payments is still around 10%, which means around 150 million people are still unbanked or having limited access to formal banking system, such as credit card, money transfer, and e-payment.

Deddy Oktomeo, CEO of PT. Kinerja Pay Indonesia, subsidiary of KinerjaPay Corp., commented on the launch, "The reasons for non-participation in formal banking are obvious, the lack of trust and knowledge in technology. Our customer services team in KPOP Store will be available in person to educate users how to adopt digital technologies into daily financial activities. It includes demo of KinerjaPay's digital platform to deliver more knowledges on financial services to consumers, including electronic money application process, and bill payment."

Edwin Witarsa Ng, CEO of KinerjaPay Corp added, "As unbanked population accounts for nearly half of population in Indonesia, KinerjaPay sees this as a new great potential for the business. We plan to open at least 10 more similar concept stores nationwide within this year. These stores will bring KinerjaPay closer to its users and drive more business transactions to the Company."

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

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 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.
+62-21 2918 1336


Cision View original content with multimedia:

SOURCE KinerjaPay Corp.