The Manila Times


THE Philippine Statistics Authority urged Filipinos to take advantage of the benefits of being registered with the Philippine Identification System (PhilSys) by using their PhilID and ePhilID to access financial services. PSA said that as of August 25, 38,099,592 PhilIDs were delivered and 41,620,918 ePhilIDs were printed and downloaded. As such, registered persons can present sufficient and valid proof of identification in various transactions in financial institutions, such as opening basic deposit accounts (BDAs). The PhilSys’ colocation efforts with the Land Bank of the Philippines were recently cited by the Bangko Sentral ng Pilipinas in the 170-percent increase in the number of BDAs opened to 21.9 million in the first quarter of 2023 from 8.1 million in the same period in 2022. The strategy contributed to the opening of 7.5 million additional BDAs during the fourth quarter of 2022, allowing Filipinos who previously did not have banking access to open transaction accounts conveniently after completing PhilSys registration, free-of-charge, with no initial deposit and maintaining balance required. “As more registered persons receive their PhilID and ePhilID, we encourage them to use them in their transactions with financial institutions to gain access to financial services and products that can open opportunities for them,” PSA Undersecretary Claire Dennis Mapa, national statistician and Civil Registrar general, said in a statement. He said one of the goals of PhilSys is financial inclusion, and PSA will continue to exert efforts to achieve this. He said the PSA, in partnership with BSP and the Philippine Postal Corporation (PHLPost) continues to expedite the printing and delivery of PhilIDs to registered persons nationwide. Replacements of PhilIDs affected by the Manila Central Post Office fire in May 2023 were recently turned over to PHLPost for delivery. In addition, PSA personnel are also issuing ePhilIDs through plaza-type and houseto-house distribution.