KPAY Stock, KinerjaPay Corp Information

KinerjaPay Corp., a Delaware corporation OTCQB:KPAY , entered into a license agreement on December , , with PT Kinerja Indonesia, an Indonesia entity controlled by Mr. Edwin Ng, our Chairman, CEO and control shareholder. Under the license agreement, the Company was granted an exclusive, world wide license to use and commercially exploit the KinerjaPay IP and its website, KinerjaPay.com, an e commerce platform that provides users with e wallet service for bill transfer and online shopping and is among the first portals to allow users to top up phone credit. On December , , we announced the launch of a new dedicated marketplace, http://www.kinerjamall.com as part of our plan to establish KPAY as a leader in the growing e commerce industry in Indonesia and SE Asia which represent a largely untapped opportunity. KPAY has launched KinerjaMall with additional features such as KinerjaGames and KinerjaTravel, to be launched shortly. KPAY recently reported that transaction volume in this quarter has more than doubled, to more than , transactions as compared to , in the first quarter of , 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 , deposits in the quarter as comparted to , deposits in the first quarter.