KinerjaPay Corp., 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.
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.