The Philippine Statistics Authority (PSA) teamed up with mobile wallet GCash to make National ID registration and financial services more seamless and accessible, especially in underserved communities.
Under a co-location agreement, individuals can 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.
The 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.
“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 Oscar Enrico Reyes Jr., president and chief executive of G-Xchange Inc.