Philippine News Agency
PSA, GoTyme Bank ink deal to promote financial inclusion
The Philippine Statistics Authority (PSA) has collaborated with GoTyme Bank to provide free bank account opening services for individuals who have registered for the National ID through mobile registration.
This initiative aims to boost financial inclusion among unbanked Filipinos.
The partnership was formalized through a Memorandum of Agreement signed at the PSA Headquarters.
PSA Undersecretary Claire Dennis S. Mapa highlighted that the National ID's colocation strategy is intended to extend services and promote financial inclusion, especially for underserved communities.
Mapa expressed optimism that this strategy will contribute to sustainable national development and improve the quality of life for all Filipinos.
This follows a previous successful collaboration between the PSA and Land Bank in 2021, which facilitated the onboarding of millions of individuals, with a significant number opening bank accounts.
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