KinerjaPay Corp (fka KPAY)

[John23V]

A couple new rules from OJK:

P2P must increase the number of total loans to 25% to the productive sector. Up from 20%.

15% of loans must originate outside of Java, in an effort increase financial inclusion in the country. The OJK is developing marketing, or outreach programs to assist the P2P companies with this.

The OJK thinks this 2nd rule can be implemented by encouraging banks to work with the P2P companies in these regions as co-ops.

LOL. The fucking lazy banks are losing money, so this is the answer. You could see this coming from a mile away. I've brought it up before. The banks do not want to pay people to go out to the markets and rural areas to sign people up for loan service, so time to partner up with the people stealing your business.

Get ready for KFUND to find a "partner". The benefits for this are funding for every loan facilitated. Wait time to fulfil loans will decrease. The p2p companies should also get access to the banks existing customer base. KFUND still makes its fees. But people trying to make money funding loans (aka p2p) might get squeezed out.