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(Image courtesy of PSA) MANILA - Local government units (LGUs) are all-out in their support for the Philippine Identification System (PhilSys) which allows marginalized registrants to open bank accounts even without an initial deposit. The Philippine Statistics Authority (PSA) recently organized a webinar, participated in by about 300 LGU representatives and other PhilSys stakeholders, where financial inclusion was discussed. The PSA has partnered with the state-run Land Bank of the Philippines (LandBank) to allow unbanked PhilSys registrants to finally have accounts. So far, there are 1,443 PhilSys registration centers nationwide, with 181 in Luzon and 303 sites co-located with LandBank. "As a foundational ID system, PhilSys intends to contribute to increasing financial inclusion by being the intervention in the lack of valid proof of identity experienced by many Filipinos," PSA Undersecretary Dennis Mapa, also the National Statistician and Civil Registrar, said in a stateme

Rodrigo duterteBangko sentralDennis mapaEllen joyce suficienciaDepartment of thePhilippine statistics authorityLand bankNational statisticianPhilippine identification systemCivil registrarFinancial inclusionPhilippine identificationLocal government undersecretary jonathan malayaPresident rodrigo duterteRepublic actPhilippine identification system act