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.
