TERMS OF USE

Effective Date: June 2026

1. Acceptance of Terms

Welcome to MTMPay.

These Terms of Use (“Terms”) govern your access to and use of the websites, mobile applications, APIs, software platforms, products, and services offered by MTM Payment Services Private Limited (“MTMPay”, “Company”, “we”, “our”, or “us”).

By accessing, registering, downloading, or using any MTMPay service, you agree to be legally bound by these Terms, our Privacy Policy, Account Deletion Policy, and any additional policies, service-specific agreements, merchant agreements, API agreements, or partner agreements applicable to particular services.

If you do not agree to these Terms, you must discontinue use of MTMPay services immediately.

2. About MTMPay

MTMPay is a financial technology company providing technology-enabled financial services and infrastructure solutions including, but not limited to:

• BBPS Bill Payment Services

• Mobile Recharge Services

• DTH Recharge Services

• Fastag Recharge Services

• Gift Cards and Digital Vouchers

• Payment Gateway Services

• Payout Services

• Collection Services

• Merchant Solutions

• Verification Services

• Background Verification Services

• Banking APIs

• Financial APIs

• Virtual Accounts

• QR Code Payment Solutions

• UPI Services

• White Label Solutions

• Enterprise Solutions

• Digital Financial Service Platforms

• Any future financial, payment, verification, technology, or value-added services introduced by MTMPay

MTMPay may expand, modify, suspend, discontinue, or enhance any service, feature, functionality, or platform at its sole discretion.

3. Eligibility

To use MTMPay services, you must:

• Be at least 18 years of age;

• Be legally capable of entering into binding agreements;

• Provide accurate and complete information;

• Comply with all applicable laws and regulations.

MTMPay reserves the right to deny access to any user who fails to satisfy eligibility requirements.

4. Account Registration

Users may be required to create an account to access certain services.

You agree to:

• Provide accurate information;

• Maintain updated information;

• Protect account credentials;

• Maintain confidentiality of OTPs and authentication information;

• Immediately report unauthorized account access.

You are responsible for all activities conducted through your account.

5. KYC and Verification Requirements

Certain services may require:

• PAN Verification

• Aadhaar Verification

• KYC Verification

• CKYC Verification

• Business Verification

• Identity Verification

• Merchant Verification

• Additional regulatory checks

MTMPay may suspend or restrict services until required verification is completed.

Failure to provide accurate information may result in account suspension or termination.

6. User Responsibilities

You agree not to:

• Use MTMPay for unlawful purposes;

• Provide false or misleading information;

• Engage in fraud, money laundering, terrorism financing, or suspicious activities;

• Attempt unauthorized access to systems;

• Reverse engineer, copy, modify, or interfere with services;

• Violate applicable laws, regulations, or partner requirements.

7. Transactions and Payments

Users acknowledge that:

• Transaction processing depends on banking partners, payment networks, billers, and service providers.

• Transactions may be delayed, reversed, rejected, refunded, disputed, or failed due to technical, operational, compliance, regulatory, or third-party reasons.

• MTMPay does not guarantee uninterrupted availability of any service.

Users are solely responsible for verifying transaction details before submission.

8. Gift Cards and Digital Products

Gift cards, vouchers, and digital products are subject to:

• Issuer terms and conditions;

• Product-specific restrictions;

• Validity periods;

• Redemption requirements.

MTMPay shall not be responsible for restrictions imposed by third-party issuers.

9. Merchant Services

Merchants agree to:

• Maintain valid business registrations;

• Maintain required licenses;

• Provide accurate business information;

• Comply with KYC requirements;

• Comply with applicable laws and regulations.

MTMPay may suspend merchant services for fraud, risk, compliance, operational, regulatory, or security reasons.

10. API, SDK and Developer Services

MTMPay may provide:

• APIs

• SDKs

• Plugins

• Integration Services

• White Label Platforms

• Technical Documentation

• Developer Tools

Users, merchants, and developers agree to:

• Protect API credentials;

• Follow technical standards;

• Implement security safeguards;

• Use services only for lawful purposes.

MTMPay may suspend, modify, revoke, or restrict access to APIs or integrations at any time.

11. Fees and Charges

Certain services may involve:

• Transaction Fees

• Convenience Fees

• Processing Fees

• Subscription Fees

• Service Charges

Applicable fees may change from time to time and will be communicated where required.

12. Service Availability and Restrictions

Availability of services may depend on:

• Banking partner availability;

• Payment network availability;

• Regulatory approvals;

• Risk management policies;

• Geographic restrictions;

• Transaction limits;

• Maintenance activities;

• User eligibility requirements.

MTMPay does not guarantee uninterrupted service availability.

13. Regulatory Compliance and Service Modifications

MTMPay reserves the right to modify, suspend, restrict, discontinue, or impose additional requirements on any service to comply with:

• RBI Regulations

• NPCI Guidelines

• AML Requirements

• KYC Requirements

• Banking Partner Requirements

• Government Directives

• Court Orders

• Regulatory Instructions

• Internal Risk Policies

Users agree that MTMPay shall not be liable for losses arising from such compliance-driven actions.

14. Third-Party Services

MTMPay may integrate with:

• Banks

• Payment Aggregators

• Payment Gateways

• BBPS Providers

• NPCI Ecosystem Participants

• Verification Providers

• KYC Providers

• Government Systems

• Communication Providers

• Cloud Providers

• Technology Partners

MTMPay is not responsible for interruptions, failures, or actions of third-party providers.

15. Intellectual Property

All trademarks, logos, software, APIs, designs, content, technology, graphics, and materials remain the exclusive property of MTM Payment Services Private Limited or its licensors.

No ownership rights are transferred to users.

16. Suspension and Termination

MTMPay may suspend, restrict, or terminate access without notice where:

• Fraud is suspected;

• Regulatory concerns arise;

• KYC requirements are not fulfilled;

• Security risks are identified;

• These Terms are violated.

Termination does not affect obligations that arose before termination.

17. Limitation of Liability

To the maximum extent permitted by law:

MTMPay shall not be liable for:

• Indirect losses;

• Consequential damages;

• Loss of profits;

• Business interruption;

• Banking network failures;

• Regulatory actions;

• Service interruptions;

• Force majeure events.

Services are provided on an “as available” and “as is” basis.

18. Indemnity

Users agree to indemnify and hold harmless MTMPay, its directors, officers, employees, affiliates, partners, and agents from claims, liabilities, damages, losses, penalties, and expenses arising from:

• Violation of these Terms;

• Violation of laws;

• Fraudulent activities;

• Misuse of services.

19. Data Privacy

Use of MTMPay services is subject to our Privacy Policy:

https://mtmpay.in/privacy-policy/

20. Account Deletion

Users may request account deletion through:

https://mtmpay.in/account-deletion/

or by contacting:

support@mtmpay.in

Deletion requests remain subject to legal, regulatory, compliance, fraud prevention, taxation, AML, KYC, audit, and record retention obligations.

21. Force Majeure

MTMPay shall not be liable for delays or failures caused by circumstances beyond reasonable control, including:

• Natural Disasters

• Government Actions

• Internet Failures

• Telecom Failures

• Cyber Incidents

• Strikes

• Banking Infrastructure Failures

22. Governing Law and Jurisdiction

These Terms shall be governed by the laws of India.

Any dispute arising from these Terms shall be subject to the exclusive jurisdiction of the courts located in Raipur, Chhattisgarh, India.

MTMPay may require disputes to be resolved through arbitration in accordance with applicable laws.

23. Grievance Redressal

For complaints, grievances, privacy concerns, or service-related issues, users may contact:

Grievance Officer

Email: info@mtmpay.in

Website: https://mtmpay.in

24. Changes to Terms

MTMPay may revise these Terms at any time.

Updated versions will be published on this page with a revised effective date.

Continued use of services after publication constitutes acceptance of the updated Terms.

25. Contact Information

MTM Payment Services Private Limited

Website: https://mtmpay.in

Support Email: support@mtmpay.in

General Email: info@mtmpay.in

Account Deletion:
https://mtmpay.in/account-deletion/

Privacy Policy:
https://mtmpay.in/privacy-policy/

Registered Office:

51/1952, Ekta Campus,
Ashwani Nagar, Sunder Nagar,
Raipur, Chhattisgarh – 492001, India

Phone: 0771-2293000

Customer Support: 022-69646426