NEW players are entering the e-government services business fast and furiously.
This has certainly been a lucrative venture, going by the business that MyEG Services Bhd has built and the earnings secured.
While MyEG had enjoyed an almost monopolistic position in the market, the landscape seems to be one that is opening up.
Just this week, two new players – MyPay and Orion IXL Bhd – came into the e-government fray.
More new players are expected to jump on the bandwagon considering that banks are able to provide most of the payment services for the new platforms.
Even new e-government portals are coming including the www.rilek.com.my.
Whether or not they can really make a dent in the e-government services is anybody’s guess. What is certain is that MyEG will be facing some real competition.
For now, MyPay appears to be a direct competitor and it looks set to take some of MyEG’s businesses away.
The MyPay portal is made and managed by private company Dapat Vista (M) Sdn Bhd, which is indirectly backed by Permodalan Nasional Bhd (PNB).