KinerjaPay Corp. and 62hall Announce a Strategic Partnership
The collaboration is expected to accelerate KinerjaPay's growth
Surabaya, Indonesia, September 8th, 2016
KinerjaPay Corp. (OTCQB: KPAY), a digital payment and ecommerce platform and the exclusive operator of www.kinerjapay.com, an Indonesian lucrative e-commerce portal today announced they inked a strategic partnership with PT. Indonesia Enam Dua, owner of 62hall.com. 62hall is the first integrated white label and whole seller online store in Indonesia with more than 700 online stores under their brand. The company has currently more than 140,000 products and 1,000 types of services and it plans to accelerate the growth of the company by opening new branches in major cities in Indonesia in 2016.
Deny Rahardjo, the CEO of PT. Kinerja Pay Indonesia stated: "It is very important for Indonesia's traditional businesses to go digital. At this time, Indonesia e-commerce is at a growing fast phase with the transaction value of more than USD $25 billion. With only 0.8% transaction of online business compared to all retail transactions in general, the e-commerce opportunity Indonesia is still wide open. Mr Rahardjo added "Kinerja Pay will focus its business on the Indonesia market with various strategic options, from the digital product marketplace to enabling gamification systems to customer acquisition, loyalty and satisfaction. In addition to organic growth, we are also open to the opportunities of strategic partnerships, especially with exciting and promising online stores like 62hall.com".
Mr. Leonardo Iswanto, the Director of PT. Indonesia Enam Dua explained: "We are extremely excited to partner with Kinerjapay.com, which, in my opinion, is the largest, and most lucrative e-commerce platform and marketplace in Indonesia. the unique approach and innovative technology combined with the unique concept of 62hall's systems, products, operations and logistics is a "win win". Leonardo further shared that "The vision of 62hall is to enable individuals and companies to open online stores easily and affordably. Anyone can have their online store setup and open for business in matter of few hours. The goal of the partnership is to reach 1 million products and 10,000 types of various services by 2016 year end.
The strategic partnership between KinerjaPay and 62hall ultimately aims to accelerate the development of the e-commerce industry within the country. Edwin Ng, Chairman and CEO of KinerjaPay Corp., added "We are very excited with this partnership as it will combine both companies' with the strength to provide more product and service options to our customers. Edwin Ng also added "As the actual outcome from this partnership, we will soon launch KinerjaMall.com that will combine the products, merchants and services from both companies. Payment solutions from KinerjaPay will be used by all online stores under 62hall brand.
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 www.kinerjapay.com. For more information,visit www.kinerjapay.co
PT Indonesia Enam Dua founded 62hall (www.62hall.co.id) in 2015 with the headquarter in Surabaya, Indonesia. The company offers integrated white label and whole seller online store engagement in Indonesia. The company enables individual and small medium enterprise business owner to setup online store with no hassle with unique white label and whole seller concept that includes system, procurement, operational support and logistics.
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 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.