MyEG Philippines posts solid growth in 2022

PETALING JAYA: My E.G. Services Bhd (MyEG) has delivered robust growth in the Philippines with the value of annual transactions handled surging over three-fold to a new high of about PHP5 billion (US$91mil) in 2022.

“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.