KinerjaPay Launches Education Fee Payment as New Feature
JAKARTA, Indonesia, August 8, 2018 /PRNewswire/ --
KinerjaPay Corp., (OTCQB: KPAY), a digital payment and ecommerce platform, ("KinerjaPay" or the "Company") today announced an educational fee payment as its new feature.
The first customer to use this new feature is Victory Plus School ("SVP" or the "School"). SVP is a national school with international standard located in the city of Bekasi, Indonesia. The School has been established since 1998, started with the founding of Playgroup & Kindergarten and up to High School at present. The School has been accredited as a Collaborative Education Unit (SPK) by the Ministry of Education and Culture, has been authorized by the International Baccalaureate (IB) and has also become a Cambridge Centre. Currently there are approximately 900 students registered in the school.
This new feature will enable parents to pay monthly school fees and other educational fees through the Company's platform. This partnership will bring a value-added service to all parties. Using this new feature, parents will get email notification for all their school's payment transactions, increasing the School competitiveness in era of digitalization nowadays. The School can also have opportunities to have more profits as most of its schools supplies like student's book, uniforms, stationaries will be provided by the Company's subsidiary (PT. Kinerja Pay Indonesia) B2B suppliers. In the other way, this partnership will not only bringing new transactions and brand awareness for the Company, but it will also give more transaction volume from its B2B businesses.
Edwin W. Ng, Chairman and CEO of KinerjaPay Corp. commented on the launch of new feature, "According to Indonesia Ministry Education and Culture data in 2016, there are nearly 300.000 schools in the nationwide, so it is more than enough for us to be excellent at this partnership and introduce the same business models to other schools in the future. I believe w are always trying to innovate on how our platform can help people adopting the new era of financial technology and eCommerce, especially in Indonesia. Once consumers discover the ease and convenience of the Company platform and services, I am confident that they will take advantage of it for other day-to-day payment activities and shopping experience."
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.com. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter.
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SOURCE KinerjaPay Corp.
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