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.
Kinesis and PT POS’ POSPAY GOLD application is set to offer all Indonesian citizens low-cost access to gold savings and trading, as well as gold-based utility payments and remittance provision.
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.