A people-centric public-private partnership.


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 technology opens up shariah-compliant, physical gold to the entire population of Indonesia.

In Q3 2023, the Vice President of Indonesia, K.H. Ma’ruf Amin, officially launched PT POS’s application, POSPAY GOLD: a Kinesis-powered application offering Indonesian citizens low-cost, instant access to physical gold trading and savings, with gold-based payments and remittance provision to follow.

With full backing from the Indonesian government, the financial technology of Kinesis is providing the unbanked and underbanked communities of Indonesia with vital financial access.

PT Pos in numbers


Service points



3rd largest

Postal service globally


The challenges of current financial provision in Indonesia.

Poor financial access

Across the nation of Indonesia, an estimated 70-80% of all citizens are unbanked or underbanked. These Indonesian citizens are left stranded outside of the financial system, deprived of financial access. Unable to save funds securely, the unbanked and underbanked live with no financial security.

Exploitative remittance services

Limited remittance provision in the region provides Indonesian citizens with no cost-effective solution for cross-border payments. As a result, Indonesians citizens are left at the mercy of costly and profit-centric providers, with remitters in the region charged an average fee of 5%.

Non-inclusive financial services

With 86.7% of the Indonesian population belonging to the Islamic faith, a large percentage of citizens find themselves excluded from traditional interest-bearing or debt-associated financial services for religious reasons.

The Indonesian population

260+ million



Unbanked or underbanked


Active smartphone users


The solution Kinesis financial provision presents for Indonesian citizens.

Mobile financial access

Through POS GOLD, Kinesis is delivering the financially underserved citizens of Indonesia, low-cost mobile access to vital financial services for payments and savings, in the stable value of physical gold.

Fair remittance provision

Indonesian citizens will require only a smartphone and internet to access instant, inexpensive cross-border payments. With a flat, <1% fee for international payments, the application presents citizens with a fair alternative to remittance provision in the region.

Shariah-compliant financial services

POS GOLD is supported by the Sharia Supervisory Board formed by the National Sharia Council. The Sharia-compliant platform enables Indonesia’s predominantly Islamic population to manage their wealth in debt and interest-free gold bullion via mobile device.

Benefits for citizens

Financial access

Low-cost, shariah-compliant financial services accessible via mobile phone.

Shariah Compliant

All gold is approved as shariah-compliant by the Sharia Supervisory Board.

Savings solutions

Unbanked citizens are now able to securely save funds for their future.

Cross-border payments

Low-cost, instant remittance frees citizens from extortionate provision.

Fair remittance provision

Millions of migrant workers can send their monthly remittances to Indonesia fairly.

Trusted source

Access financial services through the familiarity of a PT Pos post office branch.

Benefits for governments

Financial provision

Provide important financial access to unbanked and underbanked citizens.

Amass financial data

Accumulate valuable data on a previously unmapped section of the population.

Implement change

Utilise fresh insight into citizens to tailor provision and improve services.

Remittance services

Access remittance revenue, while providing citizens with fair payment services.

Gold-based currency

Amass national wealth in a stable, debt-free physical gold-based currency.

Financial innovation

Access a new income source from a share of every app user’s transaction fees.


The societal and economic impact of Kinesis financial services.

The financial empowerment of Kinesis payments and savings solutions and the value of Kinesis remittance provision, will be felt at every level of Indonesian society. Across Indonesia, previously unbanked citizens equipped with the financial tools of Kinesis solutions will begin to carve out a better life for themselves and their families.

The option to save funds securely, allowing them to think beyond the struggles of the present, and build towards a brighter future, while preparing for life’s uncertainties. As the value of Kinesis cross-border payments replaces costly remittance providers, additional wealth will flow into the Indonesian economy, through citizens purchasing essentials and investing in wealth creation activities. Over time, Indonesia will experience a rise in living standards and inclusive, sustained economic growth, which betters every member of society.

Sustainable Development Goals

As a member of the United Nations Blockchain for Impact initiative, Kinesis is committed to utilising our financial technology to further the advancement of the United Nation Sustainable Development Goals agenda.

UN research shows the provision of financial access and remittance services are significant factors in achieving 4 of the 17 SDGS: No Poverty; Decent Work and Economic Growth; Industry, Innovation and Infrastructure; and Reduced Inequalities.

Through the provision of low-cost financial access and ethical remittance provision, Kinesis is working towards the attainment of the Sustainable Development Goals in the nation of Indonesia.


In Q3 2022, Kinesis and JFX successfully launched JFXGOLD X, a trading platform delivering spot physical gold contracts on the national government-backed exchange. The launch of JFXGOLD X introduces the substantial client bases of JFX’s broker members immediate exposure to physical gold trading.

Kinesis and JFX have established the regulation that will govern all Kinesis-powered physical gold white-labelled solutions within the region, as approved by Government Regulator, Bappebti.

Our government-backed vault in Indonesia

Kinesis is set to build the first-ever grade 4 security bullion vault on Indonesian soil – with the backing of multiple government and national stakeholders (PT POS, KBI, JFX, NU). The state-of-the-art vaulting facility will enable the government, institutions and citizens to hold gold bullion securely within the nation.


Corporate Spokesman

PT POS Corporate Spokesman said

“POS GOLD is a large ecosystem that integrates many parties to be able to actively conduct trade, business, service, utility, financial transactions as well as an ecosystem that integrates the supervisory work processes of all regulatory agencies in Indonesia with the aim of improving the quality of protection for the community as consumers and forming a systematic solution ecosystem for a better community life.”

Thomas Coughlin

Kinesis CEO

A people-centric public-private partnership

“This is a pivotal moment in the Kinesis journey. We are proud to be working with the Indonesian national government and all the partners involved in this momentous project. People are increasingly moving away from traditional currencies and I am humbled to present Kinesis as a robust and scalable solution for digitalised and mobilised gold as a currency.

Crucially, this project shows just how the Kinesis technology can be applied in the real world at a national level. Through public private partnerships, which are a core part of our DNA and driver for innovation, we will continue to work with nations across the world to deliver viable solutions for the transformation of an outdated monetary system.”


Visit the ‘POSPAY GOLD’ application website.

In the press