75 0 0 6 min to read

PBBM directs that national digital IDs be issued quickly.

In order to secure the cardholders’ seamless transactions with the public and private sectors, President Ferdinand R. Marcos Jr. has ordered to speed up the digitalization of the Philippine Identification (PhilID) system, Malacaang stated on Friday.

According to a statement from Cheloy Garafil, secretary of the Presidential Communications Office, Marcos delivered the order during a meeting with the PSAC members on digital infrastructure on Thursday at Malacanang Palace in Manila.

In order to hasten the digitalization of the National Identification (ID) system, which could be utilized for both public and private transactions, President Ferdinand R. Marcos Jr. issued a directive on Thursday, according to Garafil.

One of the issues brought up during Marcos’ meeting with the PSAC was the planned public-private partnership (PPP) by the Philippine Statistics Authority (PSA) for the rollout of the digital PhilID application, according to Garafil.

We need to catch up because “Naiwanan na tayo sa technology” (We are falling behind in technology). According to a quote from Marcos.

Given that it would be “easier to improve and implement” the usage of the national IDs, Marcos stressed the significance of a digital PhilID system, according to Garafil.

President Marcos requested assistance from the private sector in distributing the National ID, emphasizing that it had the technology and capacity for new digital IDs, she said.

“Automated eKYC (Know Your Customer), identity theft protection, credit card, and loan applications, and digital wallet are benefits of implementing a digital ID system,” Garafil continued.

In accordance with Republic Act (RA) 11055, also known as the Philippine Identification System (PhilSys) Act, all Filipino citizens, and resident aliens must use the PhilID as an official and sufficient form of identification for all official and private transactions.

The debut of the mobile PhilID app is targeted for the first quarter of 2023 by the Philippine Statistics Authority (PSA), the implementing agency in charge of general planning, management, and administration of PhilSys.

According to Garafil, using digital signatures, submitting government data, and incorporating identities into government institutions are advantages of having a digital ID system.

This is because, as she pointed out, “system integration, ePrescription, online banking, transit solution, personal information reference, application for government documents, and face verification” are examples of how digital ID is successfully used across the globe.

According to Garafil, the integration of a digital ID with a wallet would make it easier to distribute Assistance to Individuals in Crisis (AICS). It would contribute to government efforts to combat fraud and scams.

She continued by saying that the digitalization of PhilID would enable quicker distribution of government cash assistance and better monitoring of the programs run by the Department of Social Welfare and Development.

According to Garafil, “The legitimate ID by PhilSys is projected to facilitate public and private transactions and develop into a social and economic platform that supports seamless social service delivery and strengthens financial inclusion for both public and commercial services.”

In addition to facilitating presence-less, paperless, and cashless transactions, she continued, “PhilSys is seen to alter how services are delivered in the Philippines and are projected to expedite the country’s transformation into a digital economy.

According to Garafil, who cited a Mckinsey Global Institute study, the introduction of a digital ID scheme in an emerging nation with strong acceptance rates can unleash an economic value of up to an additional 3% of GDP (or PHP700 billion) by 2025.

By 2030, Garafil said, the digital use of PhilIDs will also cost an additional PHP1.8 trillion, or 6% of the GDP.

According to her, “the sources of value for the growth in GDP include increased use of financial services, better employment access, increased productivity from time saved, reduced costs for government and institutions, higher tax participation leading to higher collections, and increased access and participation from rural farmers.”

QR Code

Save/Share this story with QR CODE


Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

๐Ÿ“ฉ Need to get in touch?

Feel free to Email Us for comments, suggestions, reviews, or anything else.


We appreciate your reading. ๐Ÿ˜ŠSimple Ways To Say Thanks & Support Us:
1.) โค๏ธGIVE A TIP. Send a small donation thru Paypal๐Ÿ˜Šโค๏ธ
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) ๐Ÿ›’ BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) ๐Ÿ‘ Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).


AFFILIATE PARTNERS
LiveGood
World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.


0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x