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Fintech firms laud digital nat'l ID launch
The Philippine Star
|June 14, 2024
Financial institutions lauded the recent launch of the digital national ID, saying it will be a helpful tool in easing the way they do business.
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Lito Villanueva, EVP and chief innovation and inclusion officer at RCBC and founding chairman of Fintech Alliance Philippines, said an operational national ID "will drive significant advancements in financial inclusion and digital transformation."
FinTech Alliance PH is the country's first and largest association of digital ecosystem players collectively generating over 95 percent of fintech retail financial transaction volume today.
"This is a historical milestone for the Philippines' journey toward building a financially inclusive, empowered, and truly digital nation. Systems such as eKYC will become more efficient, accessible, and human-centered.
Dit verhaal komt uit de June 14, 2024-editie van The Philippine Star.
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