KinerjaPay Corp. Released Major Update of Mobile Apps ver. 3.0

JAKARTA, Indonesia, July 11, 2016 /PRNewswire/ --

KinerjaPay Corp. (OTCQB: KPAY) today announced that it has released a major update of KinerjaPay Android mobile application of version 3.0 that is available on Android Play Store. This is to emphasize company focus and direction in "mobile first" policy to provide similar seamless user experience on mobile as using web-based interface.

Indonesia has one of the highest growth in terms of Internet penetration rate in the region. In 2015, 93.4 million people were accessing the internet in Indonesia. This figure is projected to grow to 123 million in 2018. With over 93 million internet users, Indonesia is one of the biggest online markets worldwide (Source: Statista). Subsequently, most of Indonesia now access the internet using their mobile devices, with mobile accounting for 70 percent of web page views versus 28 percent for laptops and desktops (Source: TechinAsia).

Mr. Edwin Ng, Chairman and CEO for KinerjaPay Corp. stated, "We are extremely excited to launch this new version of mobile application for our customers who have provided a lot of input and feedback. As they are mostly using their Android mobile devices to access KinerjaPay services, we have decided to shift our focus in ensuring that our mobile application could provide similar or even better user experiences."

Mr. Ng further stated that, "KinerjaPay users can now consume many services as part of our Pay, Play and Buy verticals. One of the great examples is the users can now use the mobile application to pay living or daily expenses such as electricity, water, gas, phone bills and credit card payment. The mobile shopping experience has also been significantly improved to allow users in accessing a wide array of item categories inside the marketplace including offerings such as hot deals and digital products such as phone voucher center. Last but not least, the gamification (Play) components can now be accessed fully using the mobile application so users can enjoy features such as collecting points which later could be redeemed as discounts in the marketplace."

KinerjaPay is committed to offer the complete and rewarding shopping experience as well as secure payment services. The Company is currently working with few prominent partners in Indonesia and overseas to launch additional online and offline services as part of its overall platform namely in the financial, travel, retail and games sectors.

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.

Links:    

• https://play.google.com/store/apps/details?id=kinerja.kinerjapay&hl=in
• http://www.statista.com/statistics/254456/number-of-internet-users-in-indonesia/
• https://www.techinasia.com/indonesia-web-mobile-statistics-we-are-social

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. You may also contact Mr. Deny Rahardjo, Chief Executive Officer - PT. Kinerja Pay Indonesia, at [email protected], Tel. +62-0815-1990-9896.

SOURCE KinerjaPay Corp.