Pertama Digital eyes 80% of bail payment volume
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KUALA LUMPUR: Pertama Digital Bhd (previously Sinotop Holding Bhd), through DAPAT Vista (M) Sdn Bhd, is targeting to capture 80% of the RM2bil to RM3bil Malaysian bail payment volume over the next year.
In a statement, Pertama said earlier this year, DAPAT Vista identified the Malaysian bail payment system as ripe for disruption.
On Jan 13,2020, DAPAT Vista launched the digital bail payment solution, eJamin, in the Sessions and Magistrate courts in Petaling Jaya.The target was to implement eJamin in all criminal courts in Malaysia by December 2020. By June, eJamin has been implemented in all 118 criminal courts in Malaysia, six months ahead of schedule.
With the Covid-19 precautions against close contact, eJamin helped the courts and the rakyat continue the essential criminal court process through a contactless solution that also avoids crowds in queues.
Based on existing week-on-week growth, DAPAT Vista CEO Amanda Sabri is confident in achieving RM1.6bil bail collection from this revenue stream for Pertama Digital by end 2021.
“This is just the start of eJamin, and we are very encouraged by the sterling support of the tech-savvy Malaysian judiciary and the weekly growth in eJamin, which is now averaging 15.7% a week.
“That is remarkable given that normally, new technology adoption grows at only 5% to 8% week-on-week.
“Right now, this translates to about RM26mil in bail collection. eJamin will be one of the many revenue streams for Pertama Digital moving forward, ” said Amanda.