A step forward: Philippine National ID gains traction with financial institutions

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The recent announcement that four major banks and an e-money issuer now accept the National ID for transactions marks a significant milestone in our pursuit of a more efficient and inclusive digital economy.

The Office of the Special Assistant for Investment and Economic Affairs lauded the move as a victory for the people and a positive step towards realizing the full potential of the National ID system.The National ID’s acceptance by financial institutions holds great promise for streamlining processes and fostering financial inclusion.

Moreover, the availability of the Digital National ID online, along with robust authentication platforms like National ID eVerify and National ID Check, strengthens the system’s digitalization efforts. This move towards digital identity verification is in line with global trends and enhances security, accessibility, and convenience for citizens.

In addition to tackling the backlog, there is also a need to address the substantial undercoverage of children aged zero to four years old. The government’s commitment to conducting mobile registrations, encompassing this age group alongside their parents and guardians, is commendable. Ensuring comprehensive registration across all age groups is vital for the National ID system’s effectiveness and the overall objective of creating an inclusive and secure digital ecosystem.

 

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