Introduction
Kinesis has formed strategic long-term public-private partnerships (PPP) with multiple government and national entities in Indonesia, commencing with the state-run national postal service, PT POS. The landmark, nationwide integration of Kinesis payments and savings technology opens up shariah-compliant, physical gold as a currency for the entire population of Indonesia.
Set to launch in Q4 2022, Kinesis and PT POS’ POSPAY GOLD application offers all Indonesian citizens low-cost access to gold savings and trading, with gold-based utility payments and remittance provision launching Q1 2023.
With full backing from the Indonesian government, the gold payments and savings infrastructure of Kinesis is providing the unbanked and underbanked communities of Indonesia with vital financial access.