SINGAPORE, Dec. 7, 2022 /PRNewswire/ Affinidi, a decentralised identity solutions provider founded by global investment company Temasek, today announced the signing of a Memorandum of Understanding ("MOU") with Filipino company FilPassto jointly establish and issue verifiable credentials ("VCs") in the Philippines. Varsha Jagdale, General Manager of Financial Services in Affinidi (left) and Ryan Soh, Founder and Chief Executive of FilPass (right) sign MOU to mitigate risk of fraudulent identification claims in the Philippines This collaboration aims to make it easier for individuals to transact with businesses online by leveraging cryptography and decentralised technologies to issue, verify, and authenticate identities and credentials. Under the MOU, Affinidi will provide its expertise in digital credentialing through its mobile app and digital wallet Ceal, where users will be able to promptly receive their VCs and store them securely on their mobile phones. Users