Same as this:
JAKARTA, Indonesia, April 6, 2020 /PRNewswire/ -- The Company's Investor, Infinity Venture Capital Pte Ltd., a Singaporean-based Corporation told the Company that the COVID-19 Pandemic has delayed the issuance of the MT799 and MT760 Bank Guarantee of US$25 million into the week ending, April 10th 2020. The Company has an established line of credit with PT. Bank China Construction Bank Indonesia, Jakarta for US$25 million.
Mr. Edwin W. Ng., Chairman & CEO of KinerjaPay Corp. (OTCQB: KPAY) said: "Given our Investor's constant communication with us and with their Bank, we are convinced that the Company shall receive this first of eight guarantees of US$25 million from this investor. We hope to report back to our Shareholders later this week or early next week with the excellent news once we have received the guarantee."
About KinerjaPay
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 omni-channel 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. 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 www.kinerjapay.com.
Notice Regarding Forward-Looking Statements
