My E.G. Services Berhad’s Philippines operation saw the value of annual transactions handled surge over three-fold to a new high of some PHP5 billion (USD91 million) in 2022.
Leveraging on its established track record in Malaysia, MYEG kicked off its overseas expansion in 2017, starting with the formation of its Philippine joint venture MYEG Philippines Inc.
Within a span of five years, the Group has gone on to firmly establish itself as the market leader in the Philippines, bringing to the Filipino public the ease and convenience of being able to transact online with a growing list of key government agencies and entities.
Underpinned by strong user reception towards its offerings, MYEG Philippines has seen a solid increase in annual transaction counts, registering volumes in 2022 that were up 40% from 2021 and more than double 2020 levels. That brought the total value of transactions processed in 2022 to about PHP5 billion, more than three times higher than the previous year’s total.
Recently, the firm secured the agreement to deliver services for the National Bureau of Investigation for another three years.
