Drawing more Filipinos into banking system

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The rollout of the national ID system will draw more Filipinos into the formal financial system and help boost economic activity as citizens will now be able to open bank accounts with just one identification card. | daxINQ

Under this scheme, the Philippine identification card will be honored as official proof of identity for transactions with government and private entities.

The results of the BSP’s 2019 Financial Inclusion Survey cited documentary requirements as one of the top challenges in opening a bank account.

Source: Financial Digest (financialdigest.net)

 

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daxINQ Ayaw pa tumanggap ng mga establishment nyan,hangga't wala daw abiso mula sa gobyerno.

daxINQ you know you cant open bank accounts with just an ID right? 😆 you need cash too 😆

daxINQ The ID comes with money? Lol.

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