KinerjaPay to Participate in Government's BEKRAF Program

JAKARTA, Indonesia, April 23, 2018 /PRNewswire/ —

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, has announced that it participated in the activities of Badan Ekonomi Kreatif (“BEKRAF”) or known as Creative Economy Agency, a non-ministrial government agency. The agency was established in 2015 to inform governmental policy on the coordination of the various strands of the creative economy and how further expansion might be supported. Particular interest is paid to Indonesia’s digital future and the program assists those involved in the development of apps and computer games to realise their business potential. In joining BEKRAF, KinerjaPay is not only demonstrating its commitment to economic development but also to its own belief that this is an opportunity to deliver more services and products to its customers.

Involvement in the Government’s digital economy expansion program will allow KinerjaPay to engage with the broad range of youthful talent that is considered such an asset in the apps and game sub-sectors. Mr Edwin Ng, Chairman and CEO of the KinerjaPay Corporation, explains, “BEKRAF is a national institution in which many commercially viable digital technologies are represented, development is stimulated by their proximity and the challenge of competition that it creates. The digital economy relies on younger people with the creative vision to take up the opportunity of identifying and servicing new market needs.” The potential for market growth is evidenced by an increase in smartphone users eager to tap into Indonesia’s recently enhanced, and more affordable, internet network service, this, in turn, drives the demand for new apps and games.

As an indicator of the Indonesian government’s recognition of this important sector, apps and games developers are encouraged to compete on a global basis. To this end, the BEKRAF has created a Developer Day. The event was held on Saturday, March 24, 2018, in the Aston Hotel, Batam, Indonesia. Over three hundred apps, games, and web developers attended a series of forums in which fourteen digital business experts were prompted by BEKRAF interviewers to discuss their various strategies for the promotion of the sector. The event drew a wide range of digital practitioners, it provided an opportunity for serious networking as well as its intended purpose of bringing elements of government, industry and academia into a more integrated digital community.

All of this sets the stage for the July 2018, launch of the latest KinerjaPay product – KGAMES. “Product research and development has been synchronised with our knowledge of this expanding market,” comments Mr Edwin Ng, “We are confident that online gaming will increase revenue growth while adding a new dynamism to KinerjaPay.”

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: [email protected]
+62-8229-777-0098

SOURCE KinerjaPay Corp.