In this episode of CEOLIVE.TV we’re joined by Mr. Edwin NG, CEO of KinerjaPay Corp. (KPAY), an emerging growth company that provides a digital payments solutions platform, digital gaming and online shopping for the rapidly growing eCommerce market in Indonesia, estimated to be worth $130 Billion by 2020 (according to www.straitstimes.com).
In this interview he discusses the recent annual Letter to Shareholders which covers the corporate milestones for 2016 as well as providing insight for 2017’s strategic objectives.
KinerjaPay provides digital payment solutions to brick-and-mortal businesses in Indonesia and South East Asia regions in order to promote the growth of eCommerce and marketplace in the internet by providing users and merchants with safe and secure shopping experience online.
A rapidly growing middle class with higher levels of disposable income and one of the highest smartphone penetration rates per capital anywhere in the world, the Indonesia market offers tremendous growth opportunities for KinerjaPay.
According to a recent article on TechCrunch.com, “Indonesia presents much opportunity for e-commerce among other emerging Asian economies, with current projections putting this archipelago nation’s e-market at $130 billion by 2020 (coming third behind China and India). With an estimated annual growth rate of 50 percent and strong mobile-first initiatives, retailers have a unique opportunity in Indonesia to focus on developing truly mobile platforms to help facilitate e-market growth, particularly in the consumer packaged goods (CPGs) sector.”
The KinerjaPay platform has increased user retention with a unique combination of online gaming and K-Coins allowing users to earn points towards merchandise in their online marketplace. Users can also pay bills and take care of other everyday financial activities all from the convenience of their mobile devices. Their platform offers one of the first comprehensive mobile financial platforms for the un-banked and under-banked in the region giving them first mover advantage in an ecommerce market that is set to explode in the coming years.
About KinerjaPay corp.
KinerjaPay Corp. through its wholly owned subsidiary PT Kinerja Pay Indonesia, enables consumers to “pay, play and buy” 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 products and services. The Company also offers a number of in-app services that cater to mobile users, such as an eWallet, social engagement and digital entertainment related applications. KinerjaPay is also pursuing other eCommerce verticals including travel, fashion, gaming and productivity applications. The Company’s services are available through its mobile applications and on its website at http://www.kinerjapay.com.
Forward Looking Statements
This CEOLIVE.TV video interview contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company’s contracts, the Company’s ability to raise sufficient development and working capital, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.
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