No person is entitled to use the CashBaba e-wallet without proper understanding and agreeing to the Terms and Conditions of the Service. By using the CashBaba merchant application, you thereby agree and give consent to these Terms and Conditions, which form the contract between you and CashBaba. CashBaba shall be governed by such existing terms and conditions and also by amendments made the same from time to time. These terms and conditions shall be in addition to and not in derogation of other terms and conditions relating to any account of the merchant and/or the respective product or the service provided by CashBaba unless otherwise specifically stated.
Issue of merchant e-wallet is governed by CashBaba Policy. The following Business rules will apply to your merchant account.
By accepting the terms and conditions, you:
It is mandatory that we follow strict guideline of Bangladesh Bank for KYC. Hence, you are authorizing CashBaba to make any inquiry we consider necessary to validate your identity. This may include asking you for further information, requiring you to provide your date of birth, mother’s name, father’s name, business address and other information that will allow us to reasonably identify you. We may ask to see your or all of your partners’ or directors’ NID. We may also ask for other business documents such as- trade license, memorandum, article of association, Certificate of Incorporation, Board Resolution, VAT certificate, TIN certificate, Proof of Address, NOC Letter (based on the nature of your business) at any time. CashBaba reserves the right to close, suspend, or limit access to your CashBaba account and/or the CashBaba services in the event we are unable to obtain or verify this information.
CashBaba has established security procedures and shall make reasonable efforts consistent with industry standards to protect cardholder data, meet all applicable audit requirements and comply with PCI DSS (hereinafter “Payment Card Industry Data Security Standards”) and such other applicable rules, regulations, codes of practice, guidance and industry standards related to the handling and processing of credit card data in force from time to time during the term hereof (“Payment Card Issuer Requirements”), as established by the PCI Security Standards Council.
CashBaba is responsible for the security of cardholder data CashBaba possesses or otherwise stores, processes, or transmits on Customer’s behalf, or to the extent CashBaba could impact the security of Customer’s cardholder data environment.
CashBaba agrees to comply with all applicable PCI DSS requirements to the extent that CashBaba handles, has access to, or otherwise stores, processes or transmits Customer’s cardholder data, or manages Customer’s cardholder data environment.
CashBaba agrees to comply with all applicable laws that require notification of individuals or parties in the event of unauthorized disclosure of cardholder data. Pursuant to the provisions hereof, in the event of a breach of any of CashBaba’s security obligations relating to PCI or other event requiring notification under applicable law, CashBaba agrees to assume responsibility for informing all such individuals in accordance with applicable laws, and, subject to the indemnity and limitations on liability provisions contained herein. As a merchant or a service provider of CashBaba you must comply with all applicable PCI DSS requirements to the extent that you handle, have access to, or otherwise store, process or transmit Customer’s cardholder data, or manage Customer’s cardholder data environment.
It is your responsibility to provide correct information to CashBaba through the use of the Product or any other method. In case of any discrepancy in this information, you understand that CashBaba will not be in any way responsible for action taken based on the information. CashBaba will endeavor to correct the error promptly wherever possible on a best effort basis, if you report such error in information.
You may be permitted to prominently display, on your official website and in other online marketing materials if applicable, a statement/logo/trademark/image provided by CashBaba. This statement/logo/image may be prominently displayed to all Users as notified by CashBaba from time to time. You acknowledge that CashBaba is the sole and exclusive owner of its trademarks, service marks, logos and/or any other marks, and agree that you will not contest the ownership of the said marks for any reason whatsoever. You also accept that CashBaba may at any time, immediately and without advance notice prohibit you from using any of the marks for any reason.
The following transactions or actions are prohibited:
In consideration of CashBaba providing the Product, you agree to indemnify and hold CashBaba harmless against all actions, claims, demands proceedings, loss, damages, costs, charges and expenses which CashBaba may at any time incur, sustain, suffer or be put to as a consequence of or arising out of or in connection with any services provided to you pursuant hereto. You shall indemnify and keep indemnified CashBaba for unauthorized access by any third party to any information/instructions/triggers given by you or breach of confidentiality.
The Product and the terms and conditions of the same are governed by the applicable laws in the Peoples’ Republic of Bangladesh such as- Bangladesh Bank regulations under PSP license, Payment and settlement act, 2014 etc and other regulatory bodies.
If any provision of this terms and conditions is held to be unlawful, void, invalid or otherwise unenforceable, then that provision will be limited or eliminated from this terms and conditions to the minimum extent required, and the remaining provisions will remain valid and enforceable.
|Sl. No||Description||Amount (BDT)|
|1.||Maximum balance at any point in time||As per Transaction Profile|
|2.||Add Money through any channel per transaction||As per Transaction Profile|
|3.||Add Money Per Month||As per Transaction Profile|
|4.||Sale||As per Transaction Profile|
|5.||Vendor Payment||As per Transaction Profile|
|6.||Transfer to Bank A/C||As per Transaction Profile|
Note: * CashBaba reserves the right to change the limit structure at its discretion.