Mass Production And Issuance Of National ID Set For July 2020
The Bangko Sentral Ng Pilipinas (BSP) has been pushing for financial inclusion, and part of the initiative to promote it is the issuance of the National ID. Mass production is already underway and is expected to begin in July 2020.
The Republic Act 11055 or the Philippine Identification System Act mandates that all citizens and resident aliens in the country be registered in Philsys and be issued with the national ID.
BSP Governor Benjamin Diokno told reporters that the BSP is coordinating with the Philippine Statistics Authority (PSA) for the procurement of service providers that will handle the printing and distribution of Philippine IDs.
He further explained that the BSP entered into a memorandum of agreement (MOA) with the PSA last October. The agreement requires the BSP to produce 116 million pieces of Philippines ID to be issued to all Filipinos and resident aliens registered under the PhilSys.
With the mass card production and issuance set to start by July 2020, he expressed how the unbanked Filipinos will benefit from this initiative. They will finally have proof of identity needed in acquiring financial products and services.
The BSP is now coordinating PhilSys project timelines with the Philippine Statistics Authority (PSA) after signing a memorandum of agreement (MOA) with the PSA last year. The BSP is also facilitating the registration of BSP employees from its head office as part of the pilot run of the National ID Project. This aims to capture the biometric information of BSP employees needed in the production of lDs.
According to the BSP Chief, Philsys will help double the number of Filipinos with formal bank account to 70 percent by 2023 from the current 35 percent. He also stressed that it is universally-beneficial for Filipinos as it provides a reliable and nationally-accepted proof of identity. Having this proof of identity has far-reaching benefits, especially in promoting financial inclusion.