To simplify identity verification and broaden financial inclusion for all Filipinos, the Philippine Statistics Authority (PSA) and GCash have partnered to make National ID registration and financial services more seamless and accessible, especially in underserved communities.
The Philippine Statistics Authority (PSA) and GCash have partnered to offer a streamlined process for National ID registration and access to digital financial services. Through a co-location agreement, individuals can now conveniently register for their National ID and open a fully verified GCash account at any of the PhilSys-On-Wheels locations, creating the "one-stop shop" experience for Filipinos. This accelerates onboarding and provides instant access to essential financial tools like savings, fair credit, insurance, and digital payments.
This co-location of services streamlines the process and removes long-standing barriers to participation in the digital financial ecosystem, such as identity verification, which is one of the biggest challenges in financial inclusion. These efforts will enable the PSA and GCash to deliver faster, more secure services to millions of Filipinos.
“This co-location initiative with PSA aligns with our shared goal of extending financial inclusion to underserved communities by providing a venue to register for a National ID and open a GCash account at the same time,”
said President and CEO of G-Xchange, Inc, the mobile wallet operator of GCash, Oscar Enrico Reyes Jr.
“Together, through Philsys-On-Wheels and KYC On-The-Go, we are bringing digital financial solutions closer to underserved communities that face significant barriers in accessing formal financial services,”
he added.
Reyes emphasized that over 56% of GCash users already use their National ID as a primary verification document, which is a testament to the growing adoption of digital identity among Filipinos.
The lasting impact of public-private partnerships
Through PhilSys-On-Wheels, individuals can register for their National ID and open a fully verified GCash account in one visit, enabling faster onboarding and instant access to essential financial tools, such as savings, credit, insurance, and digital payments.
“This Memorandum of Agreement is more than a formal document—it is a clear demonstration of how collaboration between the government and the private sector can generate meaningful impact,”
said National Statistician Undersecretary Dennis Mapa.
“By aligning our strengths, we are creating solutions that respond to the needs of Filipinos, particularly those in remote and underserved communities.”
Mapa noted that PSA has opened satellite registration sites in malls adjacent to its offices across the country. Mobile and maritime deployment will enable deeper penetration into far-flung communities where GCash also aims to serve.
“GCash not only helps bring cashless options to more of our outlets but also increases awareness and access to financial services in places where people need them most,”
Mapa added.
Fast, secure onboarding with National ID eVerify Authentication Services
The Philippine Statistics Authority (PSA) and GCash are strengthening their partnership by integrating the PSA's National ID eVerify Authentication Services into the GCash app. This integration provides real-time ID authentication by securely cross-referencing user data with the PSA's registry. Therefore, streamlining the onboarding process, eliminating delays from manual review, reducing fraud, and strengthening the Know Your Customer (KYC) process of GCash. The agreement, signed in October 2024, underscores both organizations' commitment to delivering efficient services to millions of Filipinos.
“Real-time ID verification not only boosts trust and security, but also enhances the overall experience of our customers,”
added GCash VP for Customer Experience Joanne Avendaño.
“We’re cutting down wait times and bringing more Filipinos into the financial ecosystem—safely, securely, and efficiently–showcasing how we innovate with our users in mind.”
eVerify integration into the GCash app has made identity verification smoother and more convenient. Avendaño explained,
“This initiative aligns with our goal to serve more Filipinos, especially those outside traditional service areas.”
The Philippine National ID eVerify project is a collaborative initiative of the PSA, the Department of Information and Communications Technology (DICT), and selected pilot partners from the private sector, including GCash. It supports real-time digital ID authentication, strengthens data integrity, and ensures financial regulatory compliance.
By removing the friction from identity verification, the PSA and GCash are helping more Filipinos gain faster access to a full suite of meaningful digital financial services– from savings and fair credit to insurance and investments – this helps empower more Filipinos to thrive every day, and together, we can ensure no Filipino is left behind.
For more information, visit www.new.gcash.com.
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.
