The Philippine Statistics Authority (PSA) launches the Digital National ID, National ID Check, and National ID eVerify with the Department of Information and Communications Technology (DICT).
In line with a shared mission to promote financial inclusion in the country, the Philippine Statistics Authority (PSA), together with the Department of Information and Communications Technology (DICT), has tapped GCash as a pilot testing partner for its National ID eVerify platform.
The initiative, led by the PSA and the DICT, aims to provide a secure and seamless way for government agencies and private sector partners to authenticate their customers’ identities.
For financial institutions like GCash, this platform can facilitate a faster and more secure know-your-customer (KYC) process, as it provides a reliable method to verify the identity of potential customers. This allows individuals to provide fewer physical requirements and speed up their account opening process.
With National ID eVerify, organizations can better avoid document fraud and ensure that the civil registry documents presented by individuals are genuine and issued by the PSA.
“At GCash, trust and security are at the core of our work for our customers. When we secure our services through a centralized authentication process, we can ensure the legitimacy of all our users through the National ID. We are better positioned to foster financial inclusion for more Filipinos when we have safer financial platforms,”
said Ren-Ren Reyes, president and CEO of GCash mobile wallet operator, G-Xchange, Inc.
Reyes added,
“This opportunity to continue working with the PSA and the DICT not only allows us to improve the user experience further but also contributes to the Philippine government’s digitalization agenda.”
Reyes noted that IDs issued through the PSA’s Philippine Identification System (PhilSys), including PhilIDs and ePhilIDs, are already among the most commonly presented valid IDs for GCash account verification.
Undersecretary Dennis Mapa, National Statistician and Civil Registrar General of the PSA, said,
“The Philippine Statistics Authority remains steadfast in its goal to register all Filipinos within the National ID system ensuring our unwavering commitment to providing a unified National identification system to all our kababayans.”
David Almirol Jr., Undersecretary for e-Government at the DICT, said that GCash’s vital participation in the pilot tests will lead to more efficient and responsive systems.
“The National eVerify will streamline and improve the way we do things in the government. This will amplify and simplify private and government consumption. If we are able to implement this well with the help of both the private and government sectors, the digital transformation in the Philippines will come to fruition. Efficient services shall be delivered to the Filipino people. No long queues in government offices. Filipinos can now process documents and apply private and government services in the comfort of their homes,”
he said.
Frederick D. Go, Secretary and Special Assistant to the President for Investment and Economic Affairs (SAPIEA), also noted that this initiative is just the beginning of its strategic partnership with PSA, DICT, and GCash as they share the goal of providing vital assistance to the most vulnerable communities in the country. He said,
“The digital National ID is a beacon of hope - a reminder that even the most ambitious dreams can become reality when we work together towards a common goal."
Currently, GCash is closely working with the PSA and the DICT to ensure seamless integration with the eVerify platform.
About Mynt
Mynt is the first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
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This press release is for informational purposes only and does not constitute, or form part of, any offer, solicitation, or invitation to sell, issue, purchase, or subscribe for any securities in the Philippines, the United States, or any other jurisdiction. No securities of Mynt, Inc. have been or will be registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of the securities of the Company in the United States. No money, securities or other consideration is being solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted. Any potential initial public offering and listing in the Philippines, if pursued, remain fully subject to prevailing market conditions and regulatory approvals, including the registration requirements of the Philippine Securities and Exchange Commission and the listing rules of the Philippine Stock Exchange, Inc., and there can be no assurance that any such filings will be made or that any offering or listing will be consummated. This document contains forward-looking statements that involve inherent risks and uncertainties; actual results, timelines, and outcomes may differ materially from those projected due to shifting market dynamics, economic environments, and regulatory updates.
