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KinerjaPay Corp. Surpasses 50,000 User Milestone

  • By KinerjaPay Corp.
  • May 19, 2016

Daily Traffic Also Surges With Average Daily Transactions Increasing Five-Fold Over Past 45 Days

Indonesia, May 19, 2016 - KinerjaPay Corp. (OTCQB: KPAY)
, a digital payment and ecommerce platform, today announced that it is now serving over 50,000 customers in Indonesia, up from 12,000 at the start of April. The Company also reports an increase in average number of daily transactions, from 300 per day to 1,500 per day, over the same period.

KinerjaPay’s primary services are its secure electronic payment solution and ecommerce marketplace. KinerjaPay also offers a number of related products and services, including an ewallet, digital games, and entertainment, designed to increase social engagement and interaction with its users. The web and mobile services are available through the Company’s website, and KinerjaPay Apps.

Edwin Ng, Chairman and CEO for KinerjaPay Corp. commented, “We have experienced significant growth over the past 45 days, reflecting an increasing consumer awareness of the benefits of the KinerjaPay platform. Not only do we make it easy and convenient for consumers to pay their bills using our platform, we also provide secure interface for them to participate in an ever-expanding ecommerce market. This is particularly relevant in Indonesia, where many consumers do not have bank accounts or credit cards.

Mr. Ng went on to say, “The 50,000 customer mark and the increase in the number of daily transactions are important milestones for the Company, as they demonstrate the scalability of our platform. That being said, Indonesia’s ecommerce sector represents a substantial opportunity as it is really in its infancy, and I am confident that KinerjaPay’s momentum will continue as access to the internet and mobile technology spreads through the Country.”

About KinerjaPay

KinerjaPay enables consumers to “pay, play and shop” through its secure web portal and mobile applications. Based in Indonesia, the platform provides a secure payment solution as well as a growing virtual marketplace, where participants can buy and sell.

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.