image

Terms and Conditions for UPI Services

Effective Date: May 07, 2025

1. Introduction

These Terms and Conditions ("Terms") govern the use of Unified Payments Interface ("UPI") services provided by A1B Technology Solutions India Private Limited ("A1B," "we," "our," or "us"). By accessing or using our UPI services, you ("User," "you," or "your") agree to be bound by these Terms. If you do not agree to these Terms, please do not use our services.

2. Definitions

UPI: Unified Payments Interface, a real-time payment system developed by NPCI facilitating inter-bank transactions.

NPCI: National Payments Corporation of India, the umbrella organization for operating retail payments and settlement systems in India.

PSP Bank: Payment Service Provider Bank, a bank authorized to provide UPI services.

VPA: Virtual Payment Address, a unique identifier assigned to a user for UPI transactions.

TPAP: Third Party Application Provider, an entity authorized to provide UPI services in collaboration with a PSP Bank.

3. Eligibility

To use our UPI services, you must:

  • Be a resident of India.
  • Hold an active bank account with a member bank participating in UPI.
  • Be at least 18 years old
  • Have a valid mobile number linked to your bank account

4. User Responsibilities

You agree to:

  • Provide accurate and complete information during registration.
  • Maintain the confidentiality of your UPI PIN and other credentials.
  • Use the services only for lawful purposes.
  • Notify us immediately of any unauthorized use of your account.

5. UPI Transactions

  • Transactions will be processed based on the information provided by you. Ensure the accuracy of beneficiary details before initiating a transaction.
  • Once a transaction is initiated, it cannot be reversed. We are not responsible for funds sent to an incorrect recipient due to erroneous information provided by you.
  • Transaction limits are subject to RBI and NPCI guidelines and may vary based on your bank's policies.

6. Fees and Charges

Currently, we do not charge any fees for UPI transactions. However, we reserve the right to introduce fees in the future, with prior notice to users.

7. Security and Confidentiality

  • We employ industry-standard security measures to protect your data.
  • You are responsible for maintaining the security of your device and credentials.
  • Do not share your UPI PIN or other sensitive information with anyone.

8. Limitation of Liability

  • We are not liable for any direct, indirect, incidental, or consequential damages arising from the use or inability to use our UPI services.
  • We do not guarantee uninterrupted or error-free operation of the services.
  • We are not responsible for any loss resulting from unauthorized access to your account.

9. Indemnity

You agree to indemnify and hold harmless A1B, its affiliates, officers, and employees from any claims, liabilities, damages, losses, or expenses arising out of your use of the services, violation of these Terms, or infringement of any rights of another.

10. Termination

  • You may terminate your use of our services at any time by deregistering from the platform.
  • We reserve the right to suspend or terminate your access to the services without notice if you violate these Terms or engage in fraudulent activities.

11. Governing Law and Jurisdiction

These Terms are governed by the laws of India. Any disputes arising under these Terms shall be subject to the exclusive jurisdiction of the courts located in \[Insert Jurisdiction, e.g., Vijayawada, Andhra Pradesh].

12. Amendments

We may modify these Terms at any time. Any changes will be communicated to you through appropriate channels. Continued use of the services after such modifications constitutes acceptance of the revised Terms.

13. Contact Information

For any queries or concerns regarding these Terms or our services, please contact us at:

A1B Technology Solutions India Private Limited

Address: Bangalore, KA

Email: support@1pe.co

Phone: 7842853781

Note: This document is a general template and should be reviewed by legal counsel to ensure compliance with all applicable laws and regulations specific to your business operations.

If you need assistance in customizing this document further or integrating it into your platform, feel free to ask!