The Central Bank of the Philippines used a National ID Forum to press for broader use of the National ID when opening financial accounts and to align efforts to integrate both physical and digital National IDs into customer verification processes. A key recommendation from the discussions was to expand the use of the Philippine Statistics Authority’s National ID Authentication Services (NIDAS), which enables real-time identity verification using biometric and demographic data across plastic card, printed paper and digital formats. The forum convened the central bank, the Philippine Statistics Authority, the Department of Information and Communications Technology, the National Privacy Commission, the Office of the Special Assistant to the President on Economic and Investment Affairs, the World Bank, Korea Credit Information Services and BSP-supervised financial institutions to share implementation challenges, progress and practical experiences.
Central Bank of the Philippines 2025-08-04
Central Bank of the Philippines calls for wider National ID use in account opening and expanded National ID authentication services
The Central Bank of the Philippines advocated for using the National ID in financial account openings at a National ID Forum. Discussions emphasized integrating physical and digital National IDs into customer verification processes and recommended broader use of the Philippine Statistics Authority’s National ID Authentication Services for real-time identity verification. The forum included various stakeholders to address implementation challenges and share progress.