KinerjaPay Corp Announces Partnership with Uber

USA - English

• USA - English

JAKARTA, Indonesia, October 16, 2017 /PRNewswire/ --

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and eCommerce platform, ("KinerjaPay" or the "Company") today announced its partnership with Uber Technologies, Inc., ("Uber") the global smartphone-enabled 'Ride-Hailing' service.

Uber presently operates in 77 countries and 633 cities, with 40 million riders and 2 million drivers worldwide. Since its launch in 2012, Uber has become the most recognized alternative to traditional taxi cabs, opening up more possibilities for riders and more business for drivers. Indonesia's ride-hailing sector is expected to grow to US$5.6 billion in 2025 from US$800 million in 2015, according to a report by Google and Singapore's state-investment firm Temasek Holdings.

Edwin Witarsa Ng, Chief Executive Officer of KinerjaPay Corp. commented, "Uber is changing the way the world moves people in urban areas internationally. Our partnership with Uber will give our users/clients a convenient and safe transportation alternative to driving their own car or taking taxis, while our smartphone Uber app will give riders the ability to pay for their ride service using our smartphone app, without the need for a credit card or cash. Our payment platform will provide our Indonesian customers with the ability to use the Uber technology the way it was meant to be, payment without having to use cash or credit card."

Under the terms of the partnership, Uber will grant KinerjaPay users an exclusive promotion code for first-time users, valid for four rides. Users can initially redeem the Uber/KinerjaPay promotion code by creating a new account on the Company's eCommerce platform or meeting a certain spending threshold with KinerjaPay's proprietary KinerjaMall service. User/clients can then redeem their unique code directly in their KinerjaPay smartphone app to use the Uber service.

Mr. Ng went on to say, "This new Uber relationship represents a substantial advancement in our growth plan. Not only will we generate new users and increase sales transactions on the KinerjaPay platform, we also have the opportunity to cross market our KinerjaPay services to Uber's established user-base. We expect to benefit from the vast experience of Uber's world-wide team and leverage their success in expanding their global presence and adding value to their core service in our rapidly growing eCommerce business in Indonesia."

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