Asia United Bank’s HelloMoney E-Wallet Gets Boost from National ID

Asia United Bank (AUB) has seen an increase in its HelloMoney e-wallet user base since becoming the first Philippine bank to connect with the Philippine Statistics Authority's (PSA) eVerify system, which authenticates a person's registration with the National ID System.

​AUB President Manuel A. Gomez said the bank has already successfully gained around 94,000 new HelloMoney users as of February 3, 2025. AUB pioneered the country’s first fully digital registration through National ID integration on September 16, 2024. “With this, we expect our six million HelloMoney customer accounts to further grow, as we bring the benefits of the National ID closer to more Filipinos through this colocation agreement with the PSA,” Mr. Gomez said during the ceremonial signing of a Memorandum of Agreement (MOA) on colocation with the PSA.

Under its latest partnership agreement, AUB will join the PSA in its in mobile registration activities, allowing unbanked Filipinos and underserved Filipinos who already registered with the National ID system to open a HelloMoney e-wallet account. “AUB once again is marking another milestone with the PSA — becoming the first privately owned universal bank in the country to be a co-location partner,” Mr. Gomez added.

After HelloMoney, AUB intends to integrate eVerify into its branch banking service. This implies that when a potential client who has previously registered with the PSA's National ID system creates a new account with AUB, they will no longer be required to submit two valid IDs and fill out forms; instead, they will simply need to show their face for facial recognition and complete a fast liveness test.

As of end-December 2024, the PSA has already enrolled around 91 million Filipinos in the National ID system.