JAKARTA, Indonesia, August 2, 2017 /PRNewswire/ --
KinerjaPay Corp., (OTCQB: KPAY), a digital payment and ecommerce platform ("KinerjaPay" or the "Company"), announced today the launch of a Gift Card Center that allows customers to purchase popular gift cards using their KinerjaPay account balance, or a linked account on the Bitcoin exchange. As of the launch, the Company plans to introduce several gift cards, including Amazon, Barnes & Noble and Starbucks. Gift cards from local companies including MAP and Indomaret, are also available for purchase, as well as gift cards for the KinerjaPay platform.
Gift cards can be purchased in amounts ranging from $10 to $100 per card, and users have the option of receiving an electronic version via email or having a physical card mailed to them. In an effort to attract customers in the US, KinerjaPay offers free shipping to customers there; customers purchasing cards in other countries will be charged accordingly.
Indonesia's prepaid card market is expected to generate US$ 1.77 billion in 2017, and is forecast to increase to US$ 3,372.6 million by 2021, according to a report by "Research and Markets".
Edwin Ng, Chairman and CEO of KinerjaPay Corp., commented on the announcement, "The gift card market is thriving in Indonesia and around the world, and we expect the launch of our Gift Card Center to afford many benefits to the Company. In addition to providing a valuable service to our existing account holders, it also offers Bitcoin owners the opportunity to use the digital currency on an established ecommerce platform. Inasmuch as gift card transactions provide KinerjaPay with an average margin ranging between 5% and 8%, I anticipate the Gift Card Center will begin making a meaningful contribution to the Company's revenue stream in the near-term."
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.
SOURCE KinerjaPay Corp.