30/05/2025
The Philippine Statistics Authority (PSA) reiterates the acceptance of all formats of the National ID in financial transactions, in line with the issuance of Bangko Sentral ng Pilipinas (BSP) Memorandum 2025-012.
The latest BSP Memo is issued to all BSP-Supervised Financial Institutions (BSFIs), requiring the acceptance of all formats of the National ID—card, paper, and digital—as valid and sufficient proof of identity in financial transactions. Likewise, the National ID should be prioritized and included in the list of acceptable valid IDs.
Read here: https://psa.gov.ph/node/1684076314/