Number Of Transactions More Than Double Over The First Quarter In Response To Targeted Marketing Campaigns
JAKARTA, Indonesia, July 10, 2017 /PRNewswire/ --
KinerjaPay Corp., (KPAY), a digital payment and ecommerce platform, ("KinerjaPay" or the "Company") today announced that transactions more than doubled in the second quarter as compared to the first quarter of 2017.
Transaction volume in this quarter has more than doubled, to more than 70,000 transactions as compared to 29,321 in the first quarter of 2017, signifying the increasing popularity of the platform with users. The Company also continues to demonstrate growth in the number of users depositing funds through the platform, with approximately 2,600 deposits in the quarter as comparted to 1,133 deposits in the first quarter.
Total Transactional Revenue for the period is expected to remain flat, reflecting a decrease in the average transaction size. Management attributes this decrease to new customers testing the KinerjaPay platform, and anticipates average transaction size will increase as new users become comfortable with the Company's services.
Edwin Ng, Chairman and CEO for KinerjaPay Corp. commented, "Our promotional campaigns have proven to be quite effective, as evidenced by the growing number of users and corporate partners making use of our platform. The Company will continue to implement these programs, particularly in social media where we can track and measurable the impact on our user-base in a timely manner. In addition to being cost-effective, digital media enables us to communicate directly with our target audience."
Chairman Ng went on to say, "We have also noticed increase in the number of agents testing our multi-channel platform to conduct transactions online, and remain focused on introducing new products and services to facilitate that effort as we seek to maintain a leadership position in Indonesia's thriving ecommerce sector."
The Company expects to report detailed figures in conjunction with the filing of its 10-Q in August.
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.