PSA: PhilIDs and ePhilIDs are the Most Commonly Presented IDs for GCash Account Verification

The PhillDs and ePhillDs issued by the Philippine Statistics Authority (PSA) through the Philippine ldentification System (PhilSys) continue to prove its functionality in financial transactions as data from a mobile wallet service showed that the national lD is the most presented valid lD for account verffication.

According to GCash, PhillDs and ePhillDs make up 41 percent of valid lDs submitted by their users for account verification.

Account verification for the said mobile wallet assures legitimacy of the user through submission of valid proof of identity for more secure transactions, and allows higher wallet and transaction limits. More than just cash in, buy load, or pay bills, fully verified users can also send money, do bank transfers, and avail secure loan and insurance services.

"We, at the PSA, take this as a success indicator of the collective efforts of the agency in promoting the use and acceptance of PhillDs and ePhillDs in public and private esfabtshmenfg including financial institutions," said PSA Undersecretary Claire Dennis S. Mapa, PhD, National Statistician and Civil Registrar General. "We thank our partners frcm GCash fortheir unwaveing support in the implementation of PhilSys and for their contribution in the prcmotion of financial inclusion among Filipinos.

Promoting Financial Inclusion

PhilSys, through its provision of PhillDs and ePhillDs, have been instrumental in addressing a major challenge for Filipinos in accessing financial servies, including mobile wallets-the lack of a valid lD. Through extensive registration and lD issuance efforts, as well as partnerships with key institutions, the PhilSys enabled access to formal banking services for many Filipinos.

A report from the Bangko Sentral ng Pilipinas (BSP) cited PhilSys and its colocation efforts with the Land Bank of the Philippines (LANDBANK) as a major contributor to the reported 170 percent increase in the number of Filipinos who opened Basic Deposit Accounts (BDAs).

The colocation strategy, which allowed PhilSys-registered persons to open transactional accounts with TANDBANK for free after registration, resulted in 7.5 million additional BDAs in the latter parl of 2022.

"Patuloy ang aming paghikayat sa Wa Hlipino na gamitin ang kanilang PhillD o ePhillD sa kanilang mga tnnsaksyon," Usec. Mapa said. "Makakaasa ang publiko na walang-tigil ang PSA sa pakikipag-ugnayan sa mga pampubliko at pibadong institusyon para sa pagkilala at pagtanggap sa PhillD at ePhillD bilang valid proof of identity and age."

Meanwhile, the PSA, along with its partners, BSP and Philippine Postal Corporation (PHLPost), continues to expedite PhillD printing and delivery.

As of December 8, 2023, 214,803,320 PhillDs have already been delivered, and 42,830,384 ePhillDs have been issued.