Cont. Ord. No. 2022-18, enacted on 29 day of November, 2022)
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g) QR Ph-QR Ph is the national QR Code standard that allows a quick, low-cost, and safe method to pay, transfer to and receive funds from other bank and e- money accounts in the Philippines. This is aligned with the Europay-Mastercard VISA Co (EMVCo) standard, the global standard for secure payments, which unifies the various domestic cashless payment schemes that make use of the QR code as a form factor.
h) Seller shall refer to a person who sells goods, commodities, or foodstuffs - other than inside a public market.
1) Buyer shall refer to a person who purchases goods, commodities or - foodstuffs to a vendor or seller.
j) Vendor shall mean a person who sells goods, commodities, or foodstuffs, within the public market.
k) Ambulant Vendor - also known as "Mobile Trader" or "Peddler" is a person who, either for himself or commission, travels from place to place and sells his goods or sells and offers to deliver the same, using a vehicle.
l) Hawkers-refer to ambulant vendors who set their wares on daily basis. m) Transaction Account - refers to a bank or e-money account held with a BSP- regulated financial service provider (FSP) that can be used to store, send, and receive funds. Examples of transaction accounts are as follows:
1. Basic Deposit Account (BDA) refers to interest or non-interest-bearing bank account with an initial minimum deposit of no more than one hundred pesos (Php 100.00), no minimum maintaining balance, no dormancy charges, maximum balance of fifty thousand pesos (Php 50.000.00) and with simplified know-your-customer or KYC requirements.
2. Electronic Money (E-money) a monetary value as represented by a claim on its issuer, that is a. electronically stored in an instrument or device; b. issued against receipt of funds of an amount not lesser in value than the monetary value issued;
c. accepted as a means of payment by persons or entities other than the issuer;
d. withdrawable in cash or cash equivalent;
e. issued in accordance with Section 702 of the BSP's Manual of Regulations for Banks.
SECTION 3. SCOPE OF APPLICATION. This Ordinance shall cover the following:
a. All public market vendors;
b. All public transportation in the City of Alaminos;
c. All stores and business establishments, including but not limited to, sari- sari stores, ambulant vendors and hawkers.
SECTION 4. QR PH ENABLED PAYMENTS. - All public market vendors, sari-sari store owners, Tricycle Operators and Driver Associations (TODAS)/local transportation and other local merchants in the City of Alaminos are hereby enjoined to make QR Ph payments available for their customers, in line with the Paleng-QR Ph program
