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According to Philippine Statistics Office and the Landbank of the Philippines, the latter was able to onboards 8.4 million unbanked Filipinos, 5.8 million of whom were able to open transaction accounts. The PSA and LANDBANK achieved this goal through a co-location strategy, where registered persons were able to open transactional accounts with LANDBANK in PhilSys registration centers after their Step 2 registration. This service is free and provides registered persons formal access to financial services with the issuance of a banking card that requires no initial deposit and no maintaining balance. “Ang pagbukas ng bank account ay ang unang hakbang para sa marami sa ating mga kababayan tungo sa financial inclusion, isa sa mga benepisyong hatid ng PhilSys,” said PSA Undersecretary Dennis Mapa, National Statistician and Civil Registrar General. “Katuwang ang LANDBANK, milyon-milyong Pilipino ang nakapagbukas ng kanilang kauna-unahang bank account na magagamit sa pag-iipon, mas mabilis at