This initiative enables Filipinos to use their National ID—whether card, paper, or digital—to verify their GCash accounts and gain access to essential financial services, contributing to broader financial inclusion efforts.
The National ID system serves as a universal proof of identity that is recognized across government agencies and private institutions. While the government is continuously working toward full implementation of the National ID program, over 92 million Filipinos have already registered, and more than 50 million National IDs have been delivered.
By integrating eVerify in the GCash app, millions of Filipinos who have their National ID in any form can now easily authenticate their GCash accounts and gain secure access to its financial services offerings. To date, GCash remains the biggest mobile wallet in the country, with 8 out of 10 Filipinos having used GCash—a testament to its significant impact on financial inclusion.
“The National ID and its authentication services ensure that transactions are more seamless, secure, and inclusive for both the public and relying parties. By integrating the National ID with financial institutions like GCash, the PSA empowers more Filipinos with access to essential financial services and equips organizations with streamlined customer onboarding and enhanced trust and security” ,
said PSA Undersecretary Claire Dennis S. Mapa, PhD, National Statistician and Civil Registrar General.
“We thank GCash for honoring the National ID in account opening and verification in line with our shared goal of accelerating financial inclusion in the country.”
Ren-Ren Reyes, president and CEO of G-Xchange, Inc., the mobile wallet operator of GCash, highlighted how this cooperation strengthens digital financial inclusion.
“This collaboration with PSA and DICT is a testament to the commitment of GCash to making financial services more accessible. By allowing users to verify their accounts with their National ID, we are breaking barriers and ensuring that more Filipinos can seamlessly access safe and reliable digital transactions”,
Reyes said.
By automating identity verification, eVerify speeds up the Know Your Customer (KYC) process, strengthens fraud prevention, and ensures accurate identity validation, making financial services more inclusive for Filipinos nationwide. The integration marks a significant step in simplifying onboarding while ensuring secure, seamless transactions for all GCash users. For more details, visit PSA’s official page at https://psa.gov.ph/.
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
Legal Disclaimer & Safe Harbor Statement
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.
