KinerjaPay Corp. (OTCPK:KPAY) announced a major plan to acquire several companies ranging from competitors to product-based companies. KinerjaPay states its confidence stating that it has nearly $5 million of funding available for the appropriate acquisitions for acceleration in the nascent Indonesian market. Edwin W. Ng, the Chairman and Chief Executive Officer of KinerjaPay said, “The Indonesian ecommerce industry is ripe for consolidation. Therefore, business partnerships and acquisitions will strengthen company's competitive advantage and its growth. We believe several recent discussions will be fruitful." Edwin W. Ng adds, “We are proud that we have received commitments from capital sources who see that these strategic acquisitions will propel KinerjaPay into one of the leading ecommerce platforms in the fast-growing Indonesian market. Nearly $5 million has been committed to aid the company for such deals.” Deddy Oktomeo, Chief Executive Officer of PT. Kinerja Pay Indonesia, the Indonesian subsidiary of KinerjaPay Corp. said, "Our team in Indonesia have been working very hard to materialize many win-win collaborations and possible acquisitions deals, which will strengthen the core competencies of KinerjaPay in the Indonesian eCommerce and digital payment market. This endeavor will transform KinerjaPay into a much larger and significant player in the market, simply through a series of synergistic acquisitions of growing startup companies in Indonesia."