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November 26, 2018
On the web
Bank Indonesia to issue cross-border QR code payment regulation
The Jakarta Post (Indonesia)
“Bank Indonesia is preparing a cross-border regulation on QR code transactions that is expected to come into effect early next year. “The cross-border regulation is for regulating QR code transactions in rupiah made by foreign players,” a BI source said as quoted by kontan.co.id on Sunday. The unnamed source said the regulation would facilitate domestic financial institutions to cooperate easily with foreign platforms like WeChat and Alipay that offer QR code payment options.”
April 13, 2018
On the web
KinerjaPay Eyes Augmenting Growth Through Synergistic Acquisitions
“KinerjaPay Corp., (OTCQB: KPAY), a digital payment and ecommerce platform (“KinerjaPay” or the “Company”) today announced a major plan to acquire several companies ranging from competitors to product-based companies that will be sold through the Company’s established infrastructure. Combined with the Company’s rapid organic revenue growth, the acquisitions will accelerate the Company’s market share penetration in the nascent Indonesian Market. The Company feels confident that it has nearly $5 million of funding available for the appropriate acquisitions.”
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