KinerjaPay Corp (fka KPAY)

[John23V]

I told you it would happen!

Ojk and Afpi came to an agreement today to freeze the p2p registration process. They are saying it is a temporary move until more of the registered companies get fully licensed, and the infrastructure catches up with the industry. Deeming the existing 164 companies are able to cover the country adequately.

Part of the issue is data abuse by companies. Which is why they want to get the FDC up and running. Looking at Hengky Surya's linkedin page, he was at an OJK platform integration workshop in the last few days. You can bet this is to get KFUND connected to the FDC.

Were in a business where the government just stepped in and froze new competition.

https://m.bisnis.com/finansial/read/20200224/89/1205067/ojk-setop-pendaftaran-baru-fintech-permasalahkan-kualitas-pembiayaan

https://id.linkedin.com/in/hengky-surya-680b34188

There are 25 out of 164 fully licensed, this will be a long term freeze unless the OJK speeds up it licensing. They have been averaging around 10 a year at best.