KinerjaPay launches online payment solution for PLN
Saturday, April 1 2017 - 04:08 AM WIB
KinerjaPay Corp, a digital payment and e-commerce platform company listed on the US OTC market, announced Friday that it launched a "No Administration Fee" campaign for Indonesia?s state-owned electricity firm PT PLN.
PLN is the sole provider of electricity for Indonesia, generating nearly US$8 billion in annual revenues. The state-run enterprise services the country's 60 million residents.
KinerjaPay said in a statement it initiated the campaign to increase consumer awareness of its online bill pay services and to promote KinerjaPay as a comprehensive digital payment solution to everyday life. Management expects the campaign will run for 30 days throughout the country, and will be promoted through the company's media channels and online advertising.
An estimated 60 percent of Indonesia's population does not have a bank account and less than 8 percent own a credit card, and therefore must make payments with cash. KinerjaPay said it is one of a limited number of viable options for those consumers. The company's ecommerce platform enables users to securely make and receive payments online or through mobile applications, without an Indonesian bank account.
KinerjaPay also offers a number of other related payment services, including credit card payment, phone bill, water utility bill, and healthcare insurance payment. With the same campaign, the company will also apply "No Administration Fee" to all services to promote the launch of the new feature. With the launch of these features, the company said it aims to serve up to 10 million accounts over the next 2 years to transform the way utility bills and others are being paid online. With the expectation that each account could generate up to $0.20 per transaction on monthly basis, this form of payment could bring steady income and revenue to the company in the long run.
Edwin Ng, Chairman and CEO for KinerjaPay Corp. commented, "PLN services the entire Indonesian population, and therefore represents a significant opportunity for us. We launched this campaign in an effort to become the primary payment option for the utilities' customers. Once consumers discover the ease and convenience of the KinerjaPay platform and services, I am confident that they will take advantage of it for other payment activities and shopping experience."
Editing by Reiner Simanjuntak