PERTAMA Digital Bhd subsidiary, Television Airtime Services Sdn Bhd (TAS), has completed the acquisition of a further 24% in government technology software company DAPAT Vista (M) Sdn Bhd (Dapat) from HeiTech Padu Bhd.
In Pertama Digital’s earlier announcement on 23 July 2021, TAS had exercised its contractual option to acquire the stake in addition to the 56% already held by TAS in Dapat.
The acquisition was completed yesterday augmenting TAS majority stake in DAPAT to 80 %.
Through Pertama Digital’s 51% equity interest in TAS, Pertama Digital has an effective interest of about 41% in Dapat.
Pertama Digital’s Director of Strategy Saify Akhtar said Dapat’s businesses is relentlessly growing during the COVID-19 pandemic that encourages digital touchpoints over physical contact.
Pertama Digital’s increased majority stake in Dapat enables a consolidation of larger contribution to the bottomline of Pertama Digital.”
DAPAT CEO Amanda Sabri said with the acquisition, it will be able to concentrate on eJamin, the world’s first smartphone court bail payment solution that is live in courts all over Malaysia.
“On 19 July 2021, we piloted the eJamin+ feature to raise the bank transfer limit for court bail payment, from RM30,000 to RM500,000 in a single transaction.
This feature will be available nationwide soon, increasing the pool of eJamin users.
On September 1, Dapat had also revamped its mySMS, the online platform that government agencies use to reach out to the people via reliable short messaging service, such as for public hospital appointments, public university admissions and information on zakat.
“We expect mySMS’ enhanced robustness and agility will drive higher usage.”
Pertama Digital provides backs government technology and financial technology initiatives and acquired a 51% stake in TAS in May 2020.
Recently, Pertama Digital’s consortium applied for a digital banking licence from Bank Negara Malaysia, to focus on a collaborative approach with ecosystem players to provide ethical and productive financing for the financially underserved to fuel post-pandemic productivity. – Sept 9, 2021