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Apex said the suspension could accelerate Rider Gate’s JPJ transaction ramp-up if users seek alternative digital channels, but cautioned against assuming a one-for-one transfer of MyEG’s historical volumes
Recent news memang golden opportunity for Ramssol to step up, with Rider Gate already on board the potential for consistent recurring revenue looks quite promising
The Road Transport Department’s (JPJ) suspension of MyEG Sdn Bhd and Zetrix AI Bhd as collection agents, effective Oct 5, 2026, has opened a potential growth avenue for Ramssol Group Bhd.
Apex Research thinks Ramssol’s wholly- owned unit, Rider Gate Sdn Bhd, is well-placed to handle a portion of the displaced transaction volume as the unit was appointed by the JPJ in December last year as a collection agent for a two-year period.
Yes, Ramssol Group Berhad obtained a role with the Road Transport Department (JPJ).
In December 2025, the Ministry of Transport (MOT) officially appointed Ramssol’s wholly-owned subsidiary, Rider Gate Sdn Bhd, as an authorized collection agent for JPJ.
Key Details of the Appointment:
* Role: Rider Gate functions as an authorized agent handling transaction collections for JPJ services (such as digital payments/renewals).
* Government Cost: According to the JPJ Director-General, appointing private collection agents incurs zero cost to the government, as agents provide value-added service platforms under Ministry of Finance-approved guidelines.
* Data Ownership: Ramssol stated that transaction data generated on the platform remains fully owned by the government, adhering to strict data security safeguards.
After attending Ramssol Group Berhad’s Q2 FY2026 results briefing, here is our quick take for investors:
🏢 Business Subsidiaries
📌 RAMS PeopleTech: Core business providing Human Capital Management (HCM) digital software solutions, consulting, and HR tech implementations.
📌 RAMS A.I. Tech: High-growth unit focused on scalable enterprise AI solutions, AI Cloud, smart city technologies, and AI Place & Train talent programs.
📌
Ramssol is definitely worth a long-term look because their pivot into high-margin AI enterprise solutions and recurring HR tech revenue gives them solid moat potential, but better wait for a pullback if you want a more attractive entry valuation.
