(Cont. Ord. No. 2022-18, enacted on 29 day of November, 2022)
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ecosystem based on basic payment behaviors among Filipinos, raise the utility of transaction accounts, and aid in the promotion and adoption of these accounts;
WHEREAS, on 22 June 2022, The DILG and the BSP released Joint Memorandum Circular (JMC) No. 01, Series of 2022 on the Paleng-QR Ph program, which established guidelines enjoining Local Government Units' (LGUS) participation in the Paleng-QR Program. The JMC provided the guidelines tor the country-wide adoption and implementation of Paleng-QR Ph Program by the LGUS to promote digital payments among market vendors, sari-sari store owners, tricycle drivers, consumers, and commuters;
WHEREAS, it is in the best interests if the public will adopt to Paleng-QR Ph Program within the LGU-Alaminos City:
BE IT ORDAINED BY THE SANGGUNIANG PANLUNGSOD OF THE CITY OF ALAMINOS, PANGASINAN, IN SESSION ASSEMBLED, that
SECTION 1. TITLE. This Ordinance shall be known as the "PALENG-QR PH ORDINANCE OF THE CITY OF ALAMINOS, PANGASINAN."
SECTION 2. DEFINITION OF TERMS. -
a) Digital payment - refers to a monetary payment transaction between two (2) parties through a digital payment instrument in which both the payer and the payee use an electronic channel.
b) Electronic Fund Transfer (EFT) - refers to transfer of funds between two (2) transaction accounts in the same or in different financial institutions supervised by the BSP, which are initiated and received using electronic devices and channels to transmit payment transactions.
c) InstaPay- an electronic fund transfer facility offered by a participating bank or electronic money issuers/EMINtate clients la allow them to instantly transfer funds from their account to another held in other participating banks or EMI in the Philippines.
d) Public transportation - a motorized vehicle granted a franchise by the Land Transportation Franchising and Regulatory Board (LTFRB) to operate and transport passengers within LGU-Alaminos City.
e) Public Motorized Tricycle - is a tricycle-for-hire rendering transport services on regular trips and rates to the general public.
f) QR code short for "Quick Response code", is a two-dimensional image- - based bar code capable of holding large amounts of information. QR codes store information using patterns of black dots and white spaces, arranged in a square grid. It can be read by a smartphone camera that is equipped with a barcode reader. When personal and financial information are stored in it, a QR code can be used to send and receive money such as payment transactions. A recipient of the funds shows his /her QR code to the payer or sender who will scan the code to initiate the payment transaction.
