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Philippine Statistics Authority (PSA) Promotes the Use of PhilIDs and EPhilIDs in Financial Transactions by Filipinos
In a press release dated September 18, 2023, the Philippine Statistics Authority (PSA) calls on Filipinos to utilize the benefits of being registered with the Philippine Identification System (PhilSys) by using their PhillD and ePhillD to access financial services.
With 38,099,592 PhillDs delivered and 41,620,918 printed and downloaded ePhillDs already issued as of August 25, 2023, registered persons can present a sufficient and valid proof of identification in various transactions in financial institutions, such as opening Basic Deposit Accounts (BDAs).
The PhilSys' colocation efforts with the Land Bank of the Philippines (LANDBANK) were recently cited by the Bangko Sentral ng Pilipinas (BSP) in the 170 percent increase in the number of BDAs opened to 21.9 million in the first quarter of 2023 from 8.1 million in the same period in 2022.
The strategy contributed to the opening of 7.5 million additional BDAs during the fourth quarter of 2022, allotting Filipinos who previously did not have banking access to open transaction accounts conveniently after completing PhilSys registration, free of charge, with no initial deposit, and maintaining the balance required.
"As more registered persons receive their PhillD and ePhillD, we encourage them to use it in their transactions with financial institutions to gain access to financial services and products that can open opportunities for them," said PSA Undersecretary Claire Dennis S. Mapa, National Statistician and Civil Registrar General.
"lsa sa mga layunin ng PhilSys ang financial inclusion, at magpapatuloy ang PSA sa pagsisikap na matupad ito. Hangad namin na mas marami pa sa ating mga kababayan ang makakita sa kahalagahan ng PhilSys at kung paano sila matutulungan nito," Usec. Mapa added.
The PSA, in partnership with BSP and the Philippine Postal Corporation (PHLPost), continues to expedite the printing and delivery of PhillDs to registered persons nationwide. Replacements of PhillDs affected by the Manila Central Post Office fire last May 2023 were recently turned over to PHLPost for delivery.
ln addition, PSA personnel are also actively issuing ePhillDs through plaza-type and house-to-house distribution.
Registered persons may also check the availability of the ePhillD via https://appt.philsys.gov.ph and set an appointment to claim it at any PhilSys Registration Center. The ePhillD may also be downloaded through a secure link indicated in an official text message from the PSA.
For the official PSA's websites and social media accounts:
Facebook page: https://facebook.com/PSAPhilSysOfficial
ePhil ID appointment: https://appt.philsys.gov.ph
PhillD/ePhillD authentication: https://verify.philsys.gov.ph
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Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
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