Manila, Aug. 21 -- State-run Landbank and Overseas Filipino Bank (OFBank) have already recorded 211,000 new accounts opened without a physical ID after the July rollout of its National ID-enabled service.

In a statement on Friday, Landbank of the Philippines said this development reflects a "strong demand for accessible financial services" among Filipinos.

Landbank launched the new identity verification feature in July, allowing clients to open accounts via Landbank and OFBank's Mobile Banking App or digital onboarding website using real-time verification powered by the Philippine Statistics Authority (PSA), eliminating the need to present or upload physical government-issued IDs.

"Together with OFBank, PSA, and DICT (Department of Inf...