KinerjaPay provides a wide range of services to Indonesian consumer and businesses. A recent acquisition set the stage for rapid growth – New research report released.

KPAY is a unique FinTech company which provides a suite of services for the massive ‘unbanked’ population in Indonesia. Indonesia has one of the lowest levels of banking penetration with less than 50% of adults having a bank account. KPAY is closing an acquisition of a leading mobile phone and data ‘top up’ provider (MDU) which will bring 2 million users and $30 million of annual revenue to KPAY.

“This massive market of over 135 million Indonesians do not have bank accounts but need the convenience of online bill paying, phone top-ups and other payments. In addition to shopping on KPAY’s e-commerce platform users can pay credit card, utility and phone bills, and conveniently transfer funds,” said the spokesperson of Riedel Research, while talking about the KinerjaPay (KPAY).

“We believe that KinerjaPay (KPAY) is significantly underappreciated by investors as the massive market opportunity the company addresses is not understood. This opportunity and the dynamic nature of KPAY are addressed in the report. The report can be downloaded here: Riedel Research Report on KPAY.

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

KinerjaPay enables consumers to “Pay, Play and Buy” through its secure web portal and mobile applications. Based in Indonesia, the Company provides an easy and convenient payment solution while shopping online at its marketplace platform. With its current omnichannel 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.

Riedel Research is an equity research service focused on global emerging markets. Founder David Riedel is a recognized leader in Emerging Market investing.  Since founding Riedel Research in 2003 he has been a frequent commentator on international investing on CNBC, Bloomberg, CNN, Forbes, and numerous other global outlets.

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Website: www.kinerjapay.co