KinerjaPay Corp. (KPAY), a digital payment and ecommerce platform, plans to expand its digital ecommerce platform with the launch of KinerjaGames. The Company has entered a long-term License Agreement with Ace Legends Pte. Ltd, a Singapore-based game developer. Under the terms of the Agreement, in exchange for a $100,000 investment, KPAY will become the exclusive, world-wide Game Publisher License for ACE games and will host all the games currently published by ACE on its own KinerjaGames platform. According to Statista, Inc., Indonesia’s mobile games segment will generate approximately US$607 million in 2017, and is expected to show an annual growth rate of 17.4 % resulting in a market volume of US$1,152m in 2021. User penetration is currently estimated at 31.2 %, with a current average revenue per user (ARPU) of US$10.40, and forecast to hit 51.4 % penetration in 2021.
