Tag "Philippine Identification System (PhilSys)"
Is Philippines Falling Short of Its PhilSys Digital Identity Ambitions?
This month, the Bangko Sentral ng Pilipinas (BSP) issued the latest rules outlining the minimum digital identification and verification requirements for financial institutions, otherwise known as electronic ‘know-your-customer’ procedures, or e-KYC. Seeking to promote seamless identity verification and customer due
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How Far Along is the Philippines’ Digital Payments Transformation Roadmap?
Of the many branches of fintech that can benefit society, the Philippines recognised the need to embrace digital payments as a means of fostering financial inclusion and economic growth. In response, the Bangko Sentral ng Pilipinas (BSP) launched the Digital
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PhilSys: Key Building Block for Greater Financial Inclusivity in the Philippines
In August 2018, President Rodrigo Duterte signed the Philippine Identification System Act into law to create a national identification system where a single official identification card will be issued to every citizen that combines various government-issued identification. Through the act,
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Nearly 1 Million Filipinos Signed up Online for National ID via Digital Registration
More than 800,000 have already signed up for the Philippine Identification System (PhilSys) via digital registration, according to the Philippine Statistics Authority (PSA). The government is urging Filipinos to sign up for the Philippine identification (PhilID), the national ID, to
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