More than 211,000 Landbank and OFBank accounts have been opened without a physical ID just a month after the rollout of its National ID-enabled service in July, reflecting strong demand for accessible financial services.
The service allows clients to open accounts via Landbank and OFBank’s Mobile Banking App or digital onboarding website using real-time verification powered by the PSA, eliminating the need to present or upload physical government-issued IDs.
“Together with OFBank, PSA, and DICT, we are leveraging technology to make banking accessible to every Filipino,” bank president and CEO Lynette Ortiz said in a statement. “Enabling real-time National ID verification marks a major milestone in digital onboarding, reinforcing Landbank’s leadership in driving financial inclusion.”
For overseas Filipinos, the capability extends beyond local borders through OFBank’s all-digital platform.
“As the country’s first branchless, digital-only bank, OFBank was established to serve Filipinos overseas and their families wherever they are in the world,” its president and CEO, Leila Martin, said. “Through secure and reliable identity verification powered by the National ID System, we can now make account opening simpler, faster, and more convenient, regardless of distance.”
PSA assistant secretary Rosalinda Bautista underscored the role of secure identity checks in national digital growth. “As we continue to build the country’s digital economy, trusted identity authentication will remain at the heart of secure digital transactions. This achievement is a testament to what we can accomplish when institutions come together with a shared purpose.”
By leveraging the National ID Authentication Services (NIDAS), Landbank and OFBank continue to advance the national government’s digital transformation agenda, making secure banking more accessible to Filipinos nationwide and overseas. ||
