e-Wallet onboarding using PhilSys
Leading e-wallets, such as GCash and HelloMoney, utilize the Philippine Identification System (PhilSys) authentication for account creation and verification. Customers enter their details, such as name and date of birth, and complete a facial liveness check through the e-wallet mobile app. An e-wallet account is created upon successful identity verification. This enables fast, remote financial access for millions, such as those in remote areas.
Key terms
Financial Inclusione-KYCKnow-Your-CustomerDigital onboarding