This document is published in accordance with the provisions of Rule of the Information Technology (Intermediaries Guidelines) Rules, 2011 which require the publishing of the rules and regulations governing the use and access of  and the ShopSe services, or any other portal as may be launched by Newbazaar Technologies Pvt Ltd ('ShopSe website') or any mobile application owned or operated by Newbazaar Technologies Pvt Ltd. It is an electronic record in terms of the Information Technology Act, 2000 and Rules thereunder as applicable and the amended provisions pertaining to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record is generated by a computer system, does not require any physical or digital signatures.

By clicking on this tab,  You (“Merchant”, “You” or “Your”):

(A) Offer, and accept, to receive services of Newbazaar Technologies Private Ltd ( “Company” , “ShopSe”, “We” or “Us”) with respect to payment processing facilities and services and

(B) Agree that You have read the merchant terms and conditions (as available on the link: ( Link to be inserted) (“Merchant Terms and Conditions”), along with the privacy policy of ShopSe (as available on the link (“Privacy Policy”) and You hereby accept the same as binding upon You.


Section A

  1. Definitions & Interpretations 


In this Agreement, unless the context otherwise requires, the following words and expressions shall bear the meanings ascribed to them below:


  1. “Act” means the Payment and Settlement Systems Act, 2007 and the rules, regulations, guidelines and notifications framed and/or issued thereunder.

  2. “Acquirer” shall mean entities, including but not limited to banks, financial institutions and Card Payment Networks, authorised under the Act to operate Payment Systems.

  3. “Affiliate” in relation to a Person, means any other Person, directly or indirectly Controlling, Controlled by, or under Common Control of or with, that Person or any Person or entity forming part of such Person. If such Person is an individual, the term Affiliate shall include a relative of such individual; Control” means, with respect to any Person: (i) the ownership of more than 50% (Fifty percent) of the equity shares or other voting securities of such Person; or (ii) the possession of the power to direct the management and policies of such Person; or (iii) the power to appoint a majority of the directors, managers, partners or other individuals exercising similar authority with respect to such Person by virtue of ownership of voting securities or management or contract or in any other manner, whether  directly or indirectly, including through one or more other Persons; and the term “Common Control” and “Controlled by” shall be construed accordingly;

  4. “Agreement” means this agreement along with schedules hereto as amended from time to time.

  5. “Applicable Law” means any law, statute, rule, regulation, order, circular, decree, directive, judgment, decision or other similar mandate of any applicable central, national, state or local governmental authority having competent jurisdiction over, or application to the Party or subject matter in question.

  6. “Activation Date” means the date on which the Merchant starts availing Services.

  7. “Chargeback” shall mean the reversal (such reversal being requested by an Issuer pursuant to a request from the Issuer’s Customer) of the debit of the Transaction Amount that was charged to the Customer, where the reversal is approved by the Issuer following examination of the Transaction related documents and information furnished by the Merchant, consequently resulting in the Acquirer charging ShopSe the Transaction Amount and charges or fines associated with processing the Chargeback.

  8. “Chargeback Amount” shall mean the aggregate amount that the Acquirer or Issuer charges ShopSe pursuant to a Chargeback.

  9. “Chargeback Documents” has the meaning ascribed to the term in Section B.

  10. "Customer" or “Payer” shall mean any Person who is effecting a Transaction by using a Payment Instrument.

  11. “Dashboard” /”Company Platform” is a ShopSe owned and established electronic information management tool that visually tracks, displays and stores metrics and data points pertaining to Transactions and/or facilitates the Transactions and/or provides the services to the Customers.

  12. “Facility Providers” includes banks, financial institutions, financing partners, and technology service providers, including Acquirers, Banks, payment aggregators, payment gateways, and Card Payment Networks, facilitating the Transaction or any part thereof.

  13. “Force Majeure Event” means any event, not within the reasonable control of the Party affected, which that Party is unable to prevent, avoid or remove by the use of reasonable diligence.  Defined in more details in clause 9.4 below.

  14. “Governmental Authority” means any central or state government or other political subdivision thereof and any entity, including any regulatory or administrative authority or court/tribunal, exercising executive, legislative, judicial or quasi judicial, regulatory or administrative or quasi-administrative functions of or pertaining to government.

  15. “Issuer” means (i) a bank or financial institution that offers and/or issues cards on behalf of the Card Payment Networks, such as inter alia Visa, MasterCard or American Express; (ii) a bank that offers accounts; and (iii) an entity authorised under the Act to issue a Prepaid Payment Instrument.

  16. "Merchant Store" means physical or online retail presence operated by the Merchant in India or people assigned by the merchant to sell on its behalf in India. Also includes Sub Merchants that use “Merchant Store” platform to sell in India.


  1. “MDR” means “Merchant Discount Rate” is the rate charged to the merchant for digital payment processing services as per RBI guidelines.


  1. “Escrow/ Nodal Account” is an account held by ShopSe or a third-party service provider with a Bank for the purpose of receiving the Transaction Amount and affecting settlements to the Merchant or the Merchant’s third party vendor (where authorised by the Merchant).

  2. “Bank Working Days” means days on which the Bank is operational to undertake settlements through the Escrow/Nodal Account.

  3. “NPCI” means the National Payments Corporation of India constituted under the Act.

  4. “OFAC” means the Office of Foreign Assets Control constituted under the law of the United State of America.

  5. “Payment Instrument” includes credit card, debit card, bank account, Prepaid Payment Instrument or any other instrument issued under Applicable Law, used by a Customer to pay the Transaction Amount.

  6. “Payment System” has the meaning ascribed to the term in the Act.

  7. “Permissible Deductions” means ShopSe Fees, Chargeback Amount or any amount that ShopSe is entitled to recover or receive from the Merchant under this Agreement.

  8. “Person” includes an individual, an association, a corporation, a partnership, a joint venture, a trust, an unincorporated organisation, a joint stock company, a bank, a non-banking financial company or other entity or organisation, including a government or political subdivision, or an agency or instrumentality thereof and/or any other legal entity;

  9. “Personal Data '' means ‘personal information’ and ‘sensitive personal date or information’ as defined under the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 as amended from time to time.

  10. “Platform” means a digital platform set up by the Merchant, to inter alia offer products or services or permit Payers to effect Transactions which are facilitated by ShopSe.

  11. “Refund” means processing of the Merchant’s request to ShopSe, through the option available on the Dashboard, for returning the Transaction Amount (or part thereof) to the Payment Instrument which was used for effecting the payment of the Transaction Amount.

  12. “RBI” means the Reserve Bank of India constituted under the Reserve Bank of India Act, 1934.

  13. “Services” means the services set out in Section B.

  14. “Subvention charges” means the amount that the merchant is ready to bear, equal to the interest amount charged by the lender, in order to provide affordable payment options on its platform.

  15. “Tp” means date of charge / debit to the customer’s account against the purchase of goods / services.

  16. “Ts” means date of intimation by the Merchant to the Company about shipment of goods.

  17. “Td” means date of confirmation by the Merchant to the Company about delivery of goods to the customer.

  18. “Tr” means date of expiry of refund period as fixed by the Merchant

  19. “Transaction” means an order or request placed by the Customer with the Merchant (or a third party vendor availing of Merchant’s services) by paying the Transaction Amount to the Merchant, using ShopSe Services, to (i) purchase products or; (ii) avail of services

  20. “Transaction Amount” means the amount paid by the Customer in connection with Transaction. 


  1. Scope & Services

    1. ShopSe is a Payment and Discovery solution which facilitates payments and enables store discovery and acts as such by creating, hosting, maintaining and providing Services to you via the Internet. ShopSe provides its Services to customers through 'ShopSe' branded mobile payments app, which acts as a container for various payment instruments including but not limited to Credit Cards, Debit Cards, and third-party lenders. It brings together the end customer, financing partners, and the brand/Merchant through technology platforms.

    2. ShopSe facilitates payments and services in connection with online transactions for products or services concluded on and through the ShopSe App and website, or any third-party merchant app, website, physical store or any individual both within and outside the ShopSe network.

    3. By using the Services, you acknowledge and agree that ShopSe is not a bank, or a financial institution and the Services should in no way be construed as the provision of banking or financial services. ShopSe offers its services in compliance with local laws and regulations. ShopSe can provide services to all the parties involved in a Transaction by having different arrangements and agreement with each party. There will be no conflict of interest when ShopSe is acting in different capacities. ShopSe may earn fees or commissions from the Merchant as well as the Facility Provider for the Transaction or any value-added or additional service provided by ShopSe. 

    4. The Parties shall diligently perform their respective duties and responsibilities under the Merchant Agreement in respect of the scope and purpose , such that the Company is able to maximize the reach of the Company Services to the Customers (including by provision of value-added services). To this objective, the Company and the Merchant, during the Term, shall perform all its respective duties, responsibilities and obligations as specified in Section B (Duties, Responsibilities and Obligations)).

    5. Exclusivity. From the date of this Agreement to the next 24 months , Merchant  ( its respective Affiliates or any of its Affiliates’ representatives to)agrees to work solely and exclusively with ShopSe for all its EMI related payment requirements, and any deviation from this would result in breach of agreement.


  1. Commercials/ Service Fee Payments

    1. ShopSe shall settle each transaction performed by the Customer in relation to the purchase of the Merchant Products using the ShopSe Platform, as applicable, to the bank account of the Merchant, after deducting “MDR” or any other charge as agreed by the merchant during the self on boarding process) along with subvention charges(if any) for each transaction and as per the settlement terms stated in the Agreement (Timeline specified in Section B). In case due to any regulatory reasons or usage of a third party service provider or direct settlement from the financing partner, the amount is settled on a gross basis (without deducting the agreed charges) to the Merchant, the Merchant shall refund the applicable charges to the ShopSe. To use the Services, ShopSe may require Merchant to submit valid bank account information for a bank account in Merchant name that is held with a bank located within India ("Merchant Bank Account"). Merchant will use only a name Merchant are authorized to use in connection with the Services and will update such information as necessary to ensure that it remains accurate and complete at all times. Merchant authorizes ShopSe to verify the information (including any updated information), and to charge the Merchant Bank Account for any sums payable by the Merchant to ShopSe including taxes. All payments to Merchant will be made to Merchant Bank Account, via cheque or electronic transfers, or through any other means specified by ShopSe. The Merchant agrees and understands that the amount may be settled directly from an account of the financing partner or through an Escrow/Nodal Account in accordance with the regulatory requirement and industry practice.  For processing the payments, due to regulatory requirements or for convenience, ShopSe may enter into a service arrangement with a third party that collection or payment service solutions. Merchants will need to register and enter into an agreement or accept the terms and conditions with/of the third-party service provider also. Merchant will provide all reasonable information and cooperation to ShopSe and the third-party service provider for this purpose. Merchant hereby irrevocably authorizes (for the tenure of the Agreement and/or till the final settlement of all transactions under this Agreement) ShopSe to provide necessary details and instructions to the third-party service provider/Facility Provider on behalf of the Merchant for processing the payments to or from the Merchant under this Agreement. Merchant shall ratify the instructions provided by ShopSe and will not dispute or modify the instruction provided by ShopSe on its behalf. Merchant shall raise all the queries in relation to the transactions to ShopSe and not to the third-party service provider,   Merchant agrees that ShopSe will not be responsible for any delay or failure to make payments to Merchant as a result of incomplete or inaccurate information provided by Merchant with respect to Merchant Bank Account or any other relevant account information, and ShopSe will clear the outstanding amount only once Merchant shares the correct and rectified necessary information.

    2. In addition to our aforesaid right, ShopSe may instead choose to either (a) offset any amounts including tax that are payable by Merchant to ShopSe against any payments ShopSe may make to Merchant, (b) invoice Merchant for amounts (including taxes) due to ShopSe, in which case Merchant will pay the invoiced amounts and taxes within 7 days from the receipt of the undisputed invoice. Merchant shall raise disputes with respect to invoice, if any, within 2 days from the receipt of invoice and ShopSe shall resolve it within 3 days from the date of raising disputes; or (c) seek payment by any other lawful means. Except as provided otherwise, all amounts contemplated in this Agreement will be expressed and displayed in the Local Currency (INR), and all payments contemplated by this Agreement will be made in the Local Currency. If ShopSe discovers erroneous, fraudulent, non-permissible transactions, or duplicate transactions, we reserve the right to obtain reimbursement from Merchant by deducting from any future payments owed to Merchant or seeking reimbursement by any other lawful means. ShopSe’s right to obtain reimbursement from Merchant will not limit Merchant rights to dispute, in good faith, any amounts we maintain are due or payable.

    3. If ShopSe reasonably concludes based on information available to us that the Merchant’s actions or performance in connection with the Agreement may result in a significant number of customer disputes, chargebacks or other claims in connection with the use of the Services, then we may, in our sole discretion and subject to applicable Law, delay initiating any payments to be made or that are otherwise due to the Merchant under this Agreement for the shorter of: (a) a period of ninety (90) days following the initial date of suspension of payments; or (b) completion of any investigation(s) regarding the actions or performance in connection with the Agreement. 


  1. Representations and Warranties  

    1. Each Party represents and warrants that, (a) it has the power and requisite authority, permission, approval and sanction to enter into and to exercise its rights and to perform its obligations hereunder; (b) it has taken all necessary action to authorize the execution of and the performance of its obligations hereunder; (c) the obligations expressed to be assumed by it hereunder are legal, valid, binding and enforceable; (d) neither execution nor performance of the Merchant Agreement will contravene any provision of any applicable laws; or any contract, agreement or document by which it is/may be bound; and (e) its Marks do not infringe the trademarks or other intellectual property and/or proprietary rights of any third party, and the license of the same to the concerned Party does not violate the provisions of, or constitute a default under, any contract to which the Party or any of its affiliates is a party or by which it is bound. Further, The Company disclaims all other warranties, either expressed or implied, including any warranty of merchantability or fitness for a particular purpose, in regard to the Company Platform.

    2. Merchant represents and warrants that (a) it is in compliance of Payment Card Industry-Data Security Standard (PCI-DSS) and Payment Application-Data Security Standard (PA-DSS).(b) It shall not save customer card and such related data



  1. Confidentiality

    1. During the course of Merchant use of the Services, Merchant may receive information relating to ShopSe or to the Services that is not known to the general public ("Confidential Information"). Merchant agree that:

      1. all Confidential Information will remain ShopSe’s exclusive property;(b) Merchant will use Confidential Information only as is reasonably necessary for Merchant      use of the Services and ensure that persons who have access to Confidential Information will be made aware of and will comply with the obligations in this provision; and(c) Merchant will not otherwise disclose Confidential Information to any individual, company, or other third party, including any Affiliates. Merchant may not issue any press release or make any public statement related to the Services, without our advance written permission, or misrepresent or embellish the relationship between us in any way.

      2. Merchant further agrees not to disclose this Agreement or the contents hereof, and any amendments or annexures hereto or any contents thereof without the prior written consent of ShopSe.

    2. Each Party recognizes and acknowledges that the other Party would not have any adequate remedy at law for the breach by the receiving Party of any one or more of its obligations contained in this Clause (“Confidentiality”), and agrees that, in the event of any such actual or potential breach, the non-breaching Party may, in addition to the other remedies which may be available to it, seek such injunctive or other equitable relief, without the requirement to post a bond or other security.

    3. Each party shall ensure that the entire data relating to payment systems operated by them are stored in a system only in India. The data shall include the full end-to-end transaction details / information collected / carried / processed as part of the message / payment instruction.


  1. Intellectual Property 

    1. All data, information, inventions, intellectual properties (including patents, trademarks, copyrights, design and trade secrets), “know-how”, new uses and processes, and any other intellectual property right, asset or form, including, but not limited to, analytical methods, procedures and techniques, research, procedure manuals, financial information, computer technical expertise, software (collectively referred to as “ShopSe Intellectual Property”): (a) related to the Services contemplated under this Agreement, that are (i) pre-existing; and/or (ii) conceived, generated, derived, produced or reduced to practice, by ShopSe or any of its Affiliates, as a result of the Services performed by ShopSe or such Affiliate shall be and remain the exclusive property of ShopSe or such Affiliate. For the avoidance of any doubt, intellectual property created by ShopSe or its Affiliate in the course of undertaking its duties and obligations under or during the Term of this Agreement is presumed to be owned by ShopSe (or the Affiliate) unless otherwise stated in writing.

    2. ShopSe hereby grants to Merchant, for the Term of the Agreement, a non-exclusive, non-assignable, non-sub licensable and revocable license to use ShopSe platform and Dashboard.

    3. ‘Nothing contained herein shall authorise the Parties to use, apply, invade or in any manner exploit or infringe the intellectual property rights of the other Party without prior written consent of the other Party, the usage shall be in compliance with this Agreement and such approval and policies may be notified from time to time. In addition, the Parties undertake not to infringe the intellectual property rights of any third party.

    4. Notwithstanding anything contained herein, the ownership of the data of customers, will always solely remain with ShopSe.

    5. Upon termination of this Agreement all rights relating to the Intellectual Property developed by ShopSe during the Term of this Agreement  for performance of Service thereto shall continue to vest with ShopSe and the Merchant shall not have any right whatsoever over such Intellectual Property.


  1. Fraudulent Transactions

    1. If ShopSe is intimated, by a Facility Provider, that a Customer has reported an unauthorised debit of the Customer’s Payment Instrument or if the Merchant collaborates or supports or assists a Customer in conducting a fraudulent Transaction, or if the Merchant submits false or fabricated Transaction details (“Fraudulent Transaction”), then ShopSe shall be entitled to suspend the settlement of the amount associated with the Fraudulent Transaction during the pendency of inquiries, investigations and resolution thereof by the Facility Providers. If the Fraudulent Transaction results in a Chargeback, then the Chargeback shall be resolved in accordance with the provisions set out in Section B.

    2. If the amount in respect of the Fraudulent Transaction has already been settled to the Merchant pursuant to the terms of this Agreement, any dispute arising in relation to the said Fraudulent Transaction, following settlement, shall be resolved in accordance with the RBI’s notification DBR.No.Leg.BC.78/09.07.005/2017-18, dated July 6, 2017 read with RBI’s notification DBOD. LEG. BC 86/09.07.007/2001-02 dated April 8, 2002 and other notifications, circulars and guidelines issued by the RBI in this regard from time to time;

    3. The liability for any Fraudulent Transaction will be that of the Merchant and ShopSe will not bear any liability. If ShopSe incurs any cost, charges, liability or expenses for any Fraudulent Transaction attributable to the Merchant or where the Merchant is not able to provide the necessary supporting documents for the Transaction, the Merchant shall be liable to reimburse all such amount to ShopSe.

    4. If the Merchant disputes claim of Fraudulent Transaction, the Merchant shall provide all the information relating to the Transaction including the Proof of Delivery (if any) within 5 days of receipt of the intimation from ShopSe.




8.1             ShopSe will make all reasonable efforts to provide uninterrupted service subject to down time and regular maintenance. However, notwithstanding anything in this Agreement, the Merchant acknowledges that ShopSe Site, ShopSe Services and the Acquirer’s Services may not be uninterrupted or error free or free from any virus or other malicious, destructive or corrupting code, program or macro and ShopSe and the Acquirer disclaim all warranties, express or implied, written or oral, including but not limited to warranties of Merchantability and fitness of the services for a particular purpose. The Merchant also acknowledges that the arrangement between one or more Acquirer and ShopSe may terminate at any time and services of such Acquirer may be withdrawn. Although ShopSe adopts security measures it considers appropriate for the offer of the ShopSe Service, it does not assure or guarantee that no person will overcome or subvert the security measures and gain unauthorized access to the ShopSe Service or the Merchant/Customer data. ShopSe shall not be responsible or liable if any unauthorized person hacks into or gains access to the ShopSe Service or to the Merchant’s ShopSe Account; and the Merchant shall be liable and responsible for the same. In the event of extra settlement in the Merchant’s Account or its ’s Account, ShopSe shall have the right to reverse the extra funds from the Merchant Account and/or set it off against the Merchant’s subsequent Payments in the Escrow/Nodal Account. In the event that ShopSe is unable to recover the funds in such a manner, Merchant shall pay the amount of additional funds transferred within 7 (seven) days of notification. Subject to other clauses of this Agreement, in the event that the Payments to be transferred to the Merchant have not been transferred, ShopSe shall endeavor to settle the relevant Payments to the Merchant’s account within 7 (seven) days of notification from the Merchant. In addition ShopSe shall not be liable to the Merchant for any loss or damage whatsoever or howsoever caused or arising, directly or indirectly, including without limitation, as a result of loss of data; interruption or stoppage to the Customer’s access to and/or use of the Merchant Site, ShopSe Services and/or the Payment Mechanism, interruption or stoppage of ShopSe Site, non-availability of connectivity between the Merchant Site and ShopSe Site, etc. Any material/information downloaded or otherwise obtained through the use of the ShopSe Services is done at the Merchant’s own discretion and risk and the Merchant will be solely responsible for any damage to its computer system or loss of data that results from the download of any such material. No advice or information, whether oral or written, obtained by the Merchant from ShopSe or through or from the use of ShopSe Services shall create any warranty. ShopSe shall have no liability in this respect

8.2             ShopSe's sole obligation and the Merchant’s sole and exclusive remedy in the event of interruption in   ShopSe Site, or loss of use and/or access to ShopSe Site, the Acquirer Services and the Payment Mechanism and services, shall be to use all reasonable endeavors to restore the Services and/or access to the Payment Mechanism as soon as reasonably possible.

8.3 ShopSe or   Acquirer’s obligations under this Agreement are subject to following limitations:

  1. Messages that originate from the server of the Merchant or the server of a third party designated by Merchant (e.g., a host) shall be deemed to be authorized by the Merchant, and ShopSe shall not be liable for processing such messages.

  2. Messages that originate from the cardholder are deemed to be authorized by the cardholder and ShopSe shall not be required to check its veracity and ShopSe shall not be liable for processing such messages.

  3. ShopSe or the Acquirer are not responsible for the security of data residing on the server of the Merchant or a third party designated by the Merchant (e.g., a host) or on the server of a cardholder or a third party designated by a Merchant/cardholder (e.g., a host).

  4. ShopSe and/or the Acquirer shall have no liability for any failure or delay in performing its obligations under this Facility if such failure or delay: (i) is caused by the Merchant's acts or omissions; (ii) results from actions taken by ShopSe or the Acquirer  in a reasonable good faith to avoid violating a law, rule or regulation of any governmental authority or to prevent fraud on cardholders/accounts; or (iii) is caused by circumstances beyond ShopSe control, including but not limited to vandalism, hacking, theft, phone service disruptions, Internet disruptions, loss of data, extreme or severe weather conditions or any other causes in the nature of  Force Majeure event.

8.4 Notwithstanding anything contained in this Agreement, it is clarified and agreed between the Parties that ShopSe is only a technology service provider, and it has no role in the approval and/or disbursement of Facility/loan. It is the sole discretion of the Facility Provider.  Unless and until the Facility Provider has approved and disbursed the amount, ShopSe has no responsibility or liability to provide the amount to the Merchant. The Facility Provider may not disburse the amount due to various reasons including but not limited to a discrepancy in the document(s) or information provided by the Customer/Merchant; non-permitted, fraudulent, erroneous, duplicate transactions; violation of applicable laws; violation of sanctions (including US (including OFAC), EU, UN, and India imposed sanctions); or non-compliance with the terms of this Agreement.  


  1. Force Majeure

    1. Neither Party shall be in breach of its obligation hereunder if it is delayed in the performance of, or is unable to perform (whether partially or fully), such obligations as a result of the occurrence of a Force Majeure Event (defined below); provided that the Party affected by the Force Majeure Event shall give notice to the other Party of the occurrence of the Force Majeure Event as soon as reasonably practicable and in any case within seven (7) days from the date on which the affected Party knew or should reasonably have known of the occurrence of a Force Majeure Event.

    2. Each Party shall make all reasonable endeavours to mitigate any delay or interruption to any part of the performance of this Agreement as a result of the occurrence of a Force Majeure Event.

    3. If a Force Majeure Event which substantially impairs the performance by a Party of its material obligations under this Agreement occurs and such Force Majeure Event continues for a continuous period of more than ninety (90) days, then either Party may terminate this Agreement at any time thereafter by giving seven (7) days’ prior written notice to the other Party.

    4. Force Majeure Event shall, to the extent such events and circumstances or their consequences satisfy the requirements mentioned hereinabove, comprise the following events and circumstances namely: war, hostilities, invasion, armed conflict, act of foreign enemy, embargoes, riot, insurrection, prolonged labour stoppages, outages and downtimes systems failures experienced by a Facility Provider, revolution or usurped power, acts of terrorism, sabotage, nuclear explosion, earthquakes, fires, typhoons, storms and other natural catastrophes.


  1. Indemnity and Limitation of Liability 

    1. Either party agrees to indemnify, defend and hold harmless the other  from and against any and all claims, damages, liabilities, losses, judgments, costs (including reasonable attorneys’ fees) arising directly out of, or relating to: (a) Either Party’s fraud, negligence or willful misconduct in the performance of its obligation stated hereunder; (b) breach of any representations, covenants or warranties provided by either party, (c) claims or demands resulting from any damage or personal injury to any third party (including the Customer), resulting from the performance (or non-performance) of the obligations of either party hereunder, (d) any infringement or unauthorized use of intellectual property and associated rights (whether such intellectual property is registered or not) of the Company, and (e) failure to comply with any regulatory/legal requirements and compliances under the applicable laws. Notwithstanding the foregoing, the Company shall have the right, in its absolute discretion and at its sole cost, to employ attorneys of its own choice and to institute or defend any claim for which the Company has a right to be indemnified under this clause. The indemnification obligation of the Merchant shall survive the termination of the Merchant Agreement.

    2. If a Dispute arises with respect to services offered by the Merchant, Merchant will release ShopSe (And its Officers, Directors, employees, agents & Affiliates) from claims, demands, & Damages (Actual & Consequential) of every kind & nature, Known and unknown, suspected & unsuspected, Disclosed and undisclosed, arising out of  OR in any way connected with such disputes.

    3. Neither Party shall be liable to the other Party for any special, consequential, punitive, incidental, or indirect damages, or any damages for lost data, business interruption, lost profits, lost revenue or lost business, arising out of or in connection with the Merchant Agreement, however caused and based on any theory of liability, arising out of the Merchant Agreement, whether or not such party has been advised of the possibility of such damage, and notwithstanding any failure of essential purpose of any limited remedy. In no event will the Company be liable or the Merchant be entitled to claim any monetary damages from the Company under the Merchant Agreement.

    4. Notwithstanding anything stated under this agreement, aggregate liability of ShopSe to the Merchant from any cause whatsoever shall not in any event exceed sum equivalent to one month’s aggregate preceding revenue earned by ShopSe under this agreement from the date of occurrence of such liability. Provided that ShopSe shall not be liable to the Merchant for any special, incidental, indirect or consequential damages, damages from loss of profits or business opportunities even if the Merchant shall have been advised in advance of the possibility of such loss, cost or damages. 



11. Term and Termination

  1. The term of the Merchant Agreement will be valid for such period until terminated by either Party, in accordance with the terms stated in this Clause  (“Term”).

  2. Termination for Convenience. It is clarified that the Merchant shall not be permitted to terminate the Merchant Agreement for convenience. It being clarified that the Company  may terminate the Merchant Agreement anytime upon providing 30 (thirty) day’s prior written notice to the Merchant.

  3. Termination for Cause. Each party shall have the right to terminate the Merchant Agreement, by giving a notice in writing to the other party upon the occurrence of any of the following events:

    1. If the other party commits any breach of any of the terms and conditions of the Merchant Agreement and in case such breaching party fails to cure the breach within a period of 30 (thirty) days from the date of notice of breach; and

    2. If the other party: (a) voluntarily becomes the subject of a bankruptcy, insolvency or similar proceeding, or (b) makes a composition with its creditors generally, or (c) if a receiver or administrator or trustee is appointed to take possession of the business or properties or undertaking of such party, or (d) if such Party ceases to carry on its business for a period of 60 (sixty) days as presently conducted,

    3. The Company shall be entitled to terminate the Merchant Agreement, with immediate effect, if, (a) the business of the Merchant dissolves or ceases to function as ‘on a going concern’; (b) if there occurs any change in the control in the business of the Merchant without prior written approval of the Company; (c) the Merchant does, or facilitates, any fraudulent act or any non-permissible transaction; (d) the Merchant is involved in any criminal or illegal activity, or (e) the Merchant misuses the Company Platform (including the Company Products)..

  4.        Consequences of Termination. Upon termination of the Merchant Agreement:

    1. all rights and license (if any) granted to the Merchant will be revoked and stand cancelled.

    2. Upon termination, the Merchant acknowledges and agrees that the Company shall be the exclusive owner of all intellectual property, Confidential and Proprietary Information, material and other material developed or prepared by the Company during the Term of the Merchant Agreement.

    3. The Merchant shall not be entitled to receive any remuneration or consideration, whereof, pursuant to the termination of the Merchant Agreement.

    4. All materials, documentation, instruction, manuals, guidelines, letters and writings, and other materials issued by ShopSe from time to time in respect of this Agreement, whether in respect of the utilization of the payment gateway or otherwise shall be returned by Merchant to ShopSe upon termination.    

    5.  Any transaction under process for loan or otherwise shall be closed within stipulated time.




12. Dispute Resolution

  1. If any dispute arises amongst the Parties hereto during the subsistence of the Merchant Agreement or thereafter, in connection with the validity, interpretation, implementation or alleged breach of any provision of the Merchant Agreement or regarding a question, including the questions as to whether the termination of the Merchant Agreement has been legitimate, the Parties shall endeavour to settle such dispute amicably.

  2. In the case of failure by the Parties to resolve the dispute in the manner set out above within 7 (seven) days from the date when a dispute is notified by one Party to the other Party, the dispute shall be referred to and finally resolved by a sole arbitrator, appointed by both the parties . The arbitration proceedings shall be conducted as per the provisions of the Arbitration and Conciliation Act, 1996. The seat of arbitration shall be in Mumbai, India and the arbitration shall be conducted in English. The arbitrator/arbitral panel shall also decide on the costs of the arbitration proceedings. The arbitrator/arbitral panel’s award shall be substantiated in writing and the Parties shall submit to the arbitrator/arbitral panel’s award which shall be enforceable in any competent court of law. 


  1. Settlement Policy Time for settlement

    1. The settlement towards the transaction performed using the ShopSe platform, shall be done within 3 Bank working days (excluding Saturday, Sunday or any other bank holidays, in which case such period will be calculated after deducting the holiday period) excluding bank and public holidays.)

    2. Settlement post termination: Merchant agree and acknowledge that in the event the terms of the Onboarding Documents are terminated by ShopSe (a)no settlement shall be done by ShopSe for any transaction performed by the customer using the concerned ShopSe Technology/App, and (b) Merchant shall stop, and cease to use any ShopSe Products (and related services). Further, the amount received by ShopSe pursuant to the transaction performed by the Customer shall be refunded to the Customer, through the medium through which the transaction was performed.

    3. Final settlement with the Merchant by Company shall be effected as under:

      1. Where Merchant is responsible for delivery, the payment to the Merchant shall be not later than on Td + 1 basis.

      2. Where the agreement with the Merchant provides for keeping the amount by Company till expiry of refund period, the payment to the Merchant shall be not later than on Tr + 1 basis.



  1. Refund Policy

    1. The Merchant agrees and acknowledges that subject to availability of funds received in the Escrow/Nodal Account pursuant to Merchant Transactions, the Merchant is entitled to effect Refunds.

    2. The Merchant further agrees and acknowledges that initiation of Refunds is at the discretion of the Merchant and ShopSe shall process a Refund only upon initiation of the same on the Dashboard.

    3. All Refunds initiated by the Merchant shall be routed through the same Acquirer that processed the Transaction Amount related to the Refund or as per decision taken by ShopSe

    4. The Merchant hereby acknowledges and agrees that on the Chargeback Refund Direction being issued by ShopSe, the Merchant concerned refunds the amounts received by it in respect of such Transaction (“Refund Monies”) by depositing the same into the Escrow/Nodal Account forthwith (i.e. on the same day on which the Refund Direction is received by ShopSe).

    5. The Merchant hereby agrees that all such refunds and chargebacks shall be the sole responsibility of the Merchant and ShopSe shall not be liable for any claims or disputes which may arise in connection with such refunds or charge-backs. In particular, if any penalties or fines are imposed on ShopSe by the Card Associations, the Governmental Authority, the Issuer or the Acquirer, the Merchant shall indemnify ShopSe.

    6. The Merchant shall (a) maintain a fair return, cancellation or adjustment policy in accordance with type of business; (b) disclose its return or cancellation policy to Customers at the time of purchase, (c) not give cash refunds to a Customer in connection with aTransaction , unless required by law, and (d) not accept cash or any other item of value for preparing a card sale refund. In case the Merchant provides a cash refund to the Customer instead of providing the amount to the Facility Provider/ShopSe, the Merchant shall be liable to provide the entire outstanding amount of the loan to the Facility Provider/ShopSe.


  1. Inspection

15.1 Except as required by law, Merchant shall be solely responsible for (a) compiling and retaining permanent records of all Transactions  and other data and (b) reconciling all Transaction information that is associated with its Customers.


15.2 The Merchant shall maintain records of such periodical checks in such manner as may be specified by ShopSe and/or Acquirers. ShopSe and/or Acquirers shall be entitled to check and audit records and statements of Merchant or to carry out physical inspections of the place of business of the Merchant to ensure compliance with the Merchant’s obligations under this Agreement at such intervals or times as ShopSe and/or Acquirers may deem fit.


  1. Miscellaneous




The waiver or failure of  either Party to exercise in any respect any right provided for in this Agreement shall not be deemed a waiver of any further right under this Agreement.


2.Amendments: These T&C and/or Agreement may be varied, amended, or modified, in whole or in part, by ShopSe at any time without notice to the Merchant. 


3.Usage of brand logos and marketing collaterals


Brand name, marketing collaterals and logos of both the Parties form part of their intangible assets and therefore must not be used without written authorization from the other Party.


4. Binding Effect


This Agreement is a legal and valid obligation binding upon the Parties and enforceable in accordance with its terms, except as such enforcement may be limited by Applicable Law and subject to general equity principles and to limitations on availability of equitable relief, including specific performance. The execution, delivery and performance of this Agreement by the Parties does not conflict with any agreement, instrument or understanding, oral or written, to which it is a party or by which it may be bound.


5. Further Actions


The Parties shall do or cause to be done such further acts, deeds, matters and things and execute such further documents and papers as may reasonably be required to give effect to the terms of this Agreement.


6. Survival


The provisions of this Agreement, which by its nature survives, shall survive the termination including without limitation Clause 11 (Term and Termination), Clause 10 (Indemnity), Clause 5 (Confidentiality) and Clause 16.7 (Severability) and this Clause hereof shall survive the expiration or termination of this Agreement.


7. Severability


If any provision of this Agreement is held to be illegal, invalid, or unenforceable under any present or future Applicable Laws, and if the rights or obligations under this Agreement of the Parties shall not be materially and adversely affected thereby, (a) such provision shall be fully severable; (b) this Agreement shall be construed and enforced as if such illegal, invalid, or unenforceable provision had never comprised a part hereof; and, (c) the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid, or unenforceable provision or by its severance here from. Without prejudice to the foregoing, the Parties hereto shall mutually agree to provide a legal, valid and enforceable provision as similar in terms and effect to such illegal, invalid or unenforceable provision as may be possible.


7. Assignment


Merchant shall not assign or transfer this Agreement or part of this Agreement or any rights or obligations there under to or for the benefit of any third party without the prior written consent from the ShopSe. Any assignment without such consent shall be null and void.


8. Notice

Any “notice” by any Party under this Agreement shall be addressed to the signatories to this Agreement and shall be deemed to be delivered when received by the other Party either through a registered post at the address or email of the signatories to this Agreement.






  1. Duties and responsibilities of the Merchant

    1. ShopSe platform is used for making transactions for only such products/services that fall within the approved category of ShopSe as per terms hereof. Further, Merchant will not deal (or perform business) in types of goods or services as listed in Schedule I

    2. It shall be Merchant’s responsibility to appropriately bill the Merchant Products /  Services as selected by the customer, and at no point in time, the Company shall be responsible for any wrong billing of the Merchant Products. The Merchant shall provide a copy of the invoice for each of the Transactions to the ShopSe, ShopSe will use the invoice detail for the settlement of the amount to the Merchant. The invoice needs to be proper with correct product/service details and amount including the tax component as applicable. If there are discrepancies or ShopSe/Facility Provider finds that the Merchant may be involved in a transaction that may be fraudulent or non-permitted, then ShopSe shall not be liable to do the settlement of the amount unless the Merchant is able to provide sufficient and proper proof of a valid Transaction.

    3. The Merchant shall ensure that each of the Customers (whether or not using the Company Platform) visiting the Merchant Store are given exactly the same treatment and attention (without any discrimination), as the other customers of the Merchant.

    4. The Merchant authorizes the Company to collect the amount(s) paid by the Customer towards the Merchant Products purchased from the Merchant Store using the Company Platform. The Merchant further agrees and acknowledges that the Company shall deduct MDR from the transaction amounts paid by the Customer using the Company Platform towards the purchase of the Merchant Products/ Services, as specified and detailed in the Merchant Agreement.

    5. Any data relating to transactions performed using Company Platform will be processed and passed on to the Company on a daily/real-time basis, and the Merchant shall inform the Company immediately in case of any discrepancies in the settlement amounts.

    6. All transactions performed by Customers using Company Platform are in Indian Rupees, unless otherwise approved in writing by the Company.

    7. The Merchant acknowledges that any transaction performed/completed by the Customer(s) through the Company Platform in relation to the Merchant Store shall be construed as an agreement between the Merchant and the Customer, and the Merchant shall bear full responsibility for performance of its obligations to the Customer, including but not limited to fulfilment of orders placed by the Customer.

    8. The Merchant shall not, nor shall the Merchant allow any other person or entity, to reverse engineer, decompile, or use any other means to try to ascertain the source code of the Company Products/Platform.

    9. The Merchant shall not, nor shall the Merchant allow any other person or entity, to sell or re-sell, license or rent the Company Products/Platform.

    10. If ShopSe receives a Chargeback request from a Customer, then the Merchant will forthwith be notified of the Chargeback.

    11. The Merchant shall be entitled to furnish to ShopSe documents and any other information/details (“Chargeback Documents”) pertaining to the Transaction associated with the Chargeback in order to substantiate (i) the completion of the aforesaid Transaction and/or; (ii) delivery of goods / services sought by the Customer pursuant to the said Transaction. Provided however if the Merchant is desirous of furnishing the Chargeback Document, the Merchant shall do so within five (5) days of receiving notification of the Chargeback under paragraph 1.10 of this Section B.

    12. The Merchant agrees and acknowledges that (i) if the Merchant is unable to furnish Chargeback Documents and/or; (ii) the Issuer is not satisfied with the Chargeback Documents furnished by the Merchant, then the Issuer shall be entitled to order the Acquirer or ShopSe to effect a reversal of the debit of the Chargeback Amount associated with the Chargeback such that the said Chargeback Amount is credited to the Customer’s Payment Instrument/ credited to the Facility Provider.

    13. Pursuant to paragraph 1.11 of this Section B and subject to paragraph 1.12, if the customer raises a Chargeback Amount to ShopSe, then the Merchant agrees and acknowledges that ShopSe is entitled to charge such Chargeback Amount to the Merchant by way of deduction from the Transaction Amounts to be settled to the Merchant subsequent to ShopSe incurring the charge of the Chargeback Amount.

    14. The Merchant further agrees and acknowledges that following ShopSe incurring the charge stipulated in paragraph 1.13, if the available Transaction Amounts are insufficient for deduction of the Chargeback Amount, then ShopSe is entitled to issue a debit note seeking reimbursement of the Chargeback Amount. The Merchant shall reimburse the Chargeback Amount within seven  (7) days of receipt of the debit note.

    15. On the issuance of notice of termination under Clause “11”, ShopSe reserves the right to withhold from each settlement made during the Notice Period, a sum computed based on a Stipulated Percentage (defined hereinbelow) for a period of one hundred and eighty     180     days (“Withholding Term”) from the date of termination of this Agreement. The sums so withheld shall be utilized towards settlement of Chargebacks. After processing such Chargebacks, ShopSe shall transfer the unutilized amounts, if any, to the Merchant forthwith upon completion of the Withholding Term. The ‘Stipulated Percentage’ is the proportion of the Chargeback Amounts out of the total Transaction Amounts settled during the subsistence of this Agreement.

    16. Notwithstanding anything contained in paragraph 1.15 of this Section B, if the amount withheld pursuant to paragraph 1.15 is insufficient to settle Chargebacks Amounts received during the Withholding Term, then ShopSe is entitled to issue a debit note seeking reimbursement of the Chargeback Amount. The Merchant shall reimburse the Chargeback Amount within seven  (7) days of receipt of the debit note

    17. The ShopSe services will be used directly and solely by the Merchant for processing payments towards Products/ Services offered by the Merchant and will not be used by the Merchant or by other people affiliated to the Merchant in a manner different from that of a medium for payments for goods/services/other Products. The Merchant (or anyone acting on its behalf) shall not provide or facilitate (in any manner) any cash line, cash withdrawal, cash refund, or personal loan (for any other purpose other than the purchase of Products/Services at the Merchant Store) to the Customer by using the ShopSe Services.

    18. ShopSe shall not be liable in case any amount towards cancelled/reduced Loan has been refunded by the Merchant directly to the Customer. The Merchant shall in such cases also, be liable to pay to ShopSe the Loan amount cancelled/reduced/refunded to the Customer by the Merchant.

    19. The Merchant hereby confirms and undertakes that the invoices in respect of sale of the Product(s) shall be raised by the Merchant for the genuine price of the Product(s) charged to the Customer which shall be net of any discounts or offers made available to the Customer.

    20. The Merchant shall provide Customer support to Customers at all times during business hours and Business Days. Such support shall include appropriate notice to Customers of means of contacting the Merchant including e-mail address and telephone number, in the event the Customer has questions/queries regarding the nature or quality of the Product and the procedures for resolving disputes. Under no circumstances shall ShopSe be responsible for customer support to the Customer, or any third party.

    21. The Merchant shall be solely responsible for (a) compiling and retaining permanent records of all Transactions and other data and (b) reconciling all Transaction information that is associated with its Customers.

    22. The Merchant shall comply with and shall ensure compliance by its Customers with all applicable guidelines, rules, regulations issued by RBI and guidelines set by ShopSe, Acquirers, Issuers.

    23. The Merchant shall comply with Customer Grievance Policy, Merchant onboarding policy and other applicable policies of ShopSe.                                                           

    24. The Merchant shall take all such precautions and measures as may be directed by ShopSe to ensure that there is no breach of security and the integrity of the link between the Website, and the Internet Payment Gateway ("Hotlink"). The Merchant shall ensure that all Customers upon accessing the Hotlink are properly directed to the Internet Payment Gateway. The Merchant shall ensure that there are proper encryption and robust security measures to prevent any hacking into the information of the Customers and other data.

    25. Without prejudice to the generality of the aforesaid, Merchant shall routinely and at such time intervals as may be specified by ShopSe and/or the Acquirers check the integrity of the Hotlink and provide such reports (“MIS”) as may be required by ShopSe and/or Acquirers from time to time.  

    26. The Merchant shall ensure that it maintains sufficient records evidencing Delivery with respect to each Transaction initiated through the ShopSe Platform("Proof of Delivery"). Proof of Delivery must be maintained by the Merchant for a period of at least one (1) year from the date of Delivery and shall be open to inspection by ShopSe and/or the Acquirers at all times during business hours and Business Days. In case a Customer/Facility Provider raises any dispute, claims a refund, claims Chargeback, alleges fraud or raises any queries relating to the Transaction, the Merchant shall provide to ShopSe all the relevant information relating to the Transaction, including Proof of Delivery within 5 days of receiving a request from ShopSe. ShopSe may share such information with the Facility Provider, Issuer, Card Network, regulator, Acquirer, any Governmental Authority or any third party as it may deem fit and necessary.

    27. All risks associated with the Delivery by the Merchant shall be solely that of the Merchant and not ShopSe. Any and all disputes regarding quality, merchantability, non-Delivery and delay in Delivery or otherwise will be resolved directly between the Merchant and the Customer without making ShopSe and/or the respective Acquirers a party to such disputes.

    28. In case any Governmental Authority seeks any information or raises any queries about or relating to a Transaction or Merchant, ShopSe may provide all the relevant information as it deems fit and necessary. The Merchant shall provide full cooperation to ShopSe to address any such queries or demands for sharing of the information.

    29. The Company shall be authorized (and be provided related support by the Merchant) to do photography at the Merchant Stores which can be listed and uploaded on the Company Platform. The Merchant shall (upon request from the Company) affix any/all materials (“Material(s)”) in the Merchant’s premises (including Merchant Stores), as may be provided by the Company, for such duration as may be required by the Company. In case the Merchant wishes to remove the Materials, the Merchant will reach out to the Company for the same. The Merchant shall ensure that the (i) Company Products placed in the Merchant Stores are not stolen, and (ii) are not permitted to be taken outside the premises of the Merchant Store. Any loss incurred to the Company under this provision shall be remedied by the Merchant and the Company shall have the right to recover damages from the Merchant in the manner it deems fit.

    30. The Merchant will not misbehave or try to influence the Customer to use the Company Platform for a purpose other than as agreed under the Merchant Agreement.

    31. In case of any dispute or any issue relating to the Transactions, the Merchant will provide all the necessary cooperation to ShopSe for identifying or tracing the Customer.

    32. Merchant shall not raise or file any complaint against any representative, officer, director, employee, agent, or contractor of ShopSe, in any case, relating to or arising out of this Agreement or the Transactions. The Company’s representative, directors, officers, employees, agents or contractors are not personally liable for any matter relating to or arising out of this Agreement. The Merchant shall not harass the individuals interacting with it on behalf of the Company. Any dispute or complaint needs to be filed or raised in name of the Company only.


  1. Duties and responsibilities of the Company

    1. The Company shall implement a mechanism on the Company Platform by way of which the Customer(s) can access the details of the Merchant Products billed by the Merchant and make payment for the orders billed by the Merchant.

    2. The Company shall provide necessary training (if required) to the Merchant in relation to the use of the Company Platform.

    3. Subject to the term and conditions of this Agreement, the Company shall duly transfer the Settlement amount within T+3 Bank working days, ( T= Transaction) into the merchant’s bank account or as per RBI guidelines.


3. Obligations of the Parties

  1. The Merchant will not release any publicity or marketing documents or information concerning the Merchant Agreement without the Company’s prior written consent. In no case shall either Party refer to the other Party as an alliance or joint venture partner. While the Merchant Agreement is in effect, the Company may include the Merchant’s name in a list of entities with which it has entered into an arrangement/agreement for the Company Platform (as applicable) without the Merchant’s prior approval.

  2. The Parties shall provide each other with their respective logos (in mutually agreeable formats) for use solely in connection with the activities contemplated under the Merchant Agreement.

  3. The Parties shall, if required, mutually agree to create joint promotional materials in connection with their activities under the Merchant Agreement.

  4. The Merchant agrees and accepts that the Company will establish references of the Merchant Store on the Company Platform and such other websites owned and operated by the Company within its control or control of its Affiliates regarding the Company Services made available to the Customers.

  5. Neither Party shall be obliged to enter into any other agreement(except as provided in this Agreement) with the other Party and will not act in a manner intended to interfere with the cooperative purposes of the Merchant Agreement.

  6. Unless otherwise agreed to by the Parties, each Party will be responsible for the costs and expenses incurred by it in connection with its respective obligations under the Merchant Agreement.

  7. No Disparagement. Notwithstanding anything in the Merchant Agreement, neither Party will make any claims, representations or warranties on behalf of the other Party or bind the other Party, and neither Party is authorized to do so by the Merchant Agreement. The relationship between the Parties will be that of independent contractors. Nothing contained herein will be construed to imply a joint venture, principal or agent relationship, or other joint relationship, and neither Party will have the right, power or authority to bind or create any obligation, express or implied, on behalf of the other Party. During the Term of the Merchant Agreement, each Party shall not make any public statement disparaging the other Party’s Marks, products or services.

  8. Each Party shall ensure that all of its employees, officers, agents and representatives connected with each Party’s obligations under the Merchant Agreement prevent abuse of the Company Platform.

  9. The taxes as may be applicable (and to be levied) on the Merchant Products / Services shall be collected by the Merchant Store from the Customers and shall be the sole responsibility of the Merchant and not the Company.




Schedule I

Prohibited Merchant Store List

  1. Merchant selling products that are illegal or breach any law or regulation;

  2. Selling legal highs (including, narcotics or other psychotropic substances);

  3. Selling products or services that require licenses, where the license cannot be presented, or the license is not valid;

  4. Selling replica, counterfeit and/or fake goods;

  5. Selling casinos and gambling equipment, including “Junket Operators” that arrange gambling tours;

  6. Betting, bookmaking, racing – car/ animals;

  7. Military arms, firearms ammunitions and related products;

  8. Political candidates or political organizations;

  9. Pornography goods/stores, companion / escort services, dating services/ matchmaker services, online adult membership, adult book stores, adult telephone conversations;

  10. Lotteries, raffles;

  11. Replica and counterfeit merchandise;

  12. Companies engaged in financial services which are not regulated by RBI/any other regulatory body or where relevant licenses are not available even though required;

  13. Body parts, which includes organs or other body parts – live, cultured/preserved or from cadaver;

  14. Endangered species, which includes plants, animals or other organisms (including product derivatives) in danger of extinction;

  15. Hacking and cracking materials which includes manuals, how-to guides, information, or equipment enabling illegal access to software, servers, websites, or other protected property;

  16. Prescription drugs or herbal drugs or any kind of online pharmacies which includes drugs or other products requiring a prescription by a recognized and licensed medical practitioner in India or anywhere else;

  17. Pyrotechnic devices and hazardous materials which includes fireworks and related goods; toxic, flammable, and radioactive materials and substances;

  18. Live animals or hides/skins/teeth, nails and other parts etc. of animals;

  19. Merchant establishments where the promoter/partner/proprietor/owner’s name appear in the RBI defaulters/negative list/bank’s internal negative list or such other list which may be published by the bank from time to time;

  20. Lobby groups;

  21. Merchant Store engaged in products or services where specific licenses are required to operate in local jurisdiction;

  22. Tobacco, cigar and cigarettes which includes cigarettes, cigars, chewing tobacco, and related products;

  23. Entities engaged in chit funds / unauthorized financial schemes;

  24. Entities owned by politically exposed persons (promoters/owners);

  25. International Merchant Store not having local presence in India;

  26. Mining / oil drilling & refining;

  27. Credit repair companies /debt consolidation firms;

  28. Houses of worship (e.g., churches, temples etc. for donations) / fund raising by political, religious organizations or institutions / charities or non-profit organizations;

  29. Money changers, remittance services, money transmitters, check cashing business, currency exchange; and/or

  30. Alcohol / wine shops which includes alcohol or alcoholic beverages such as beer, liquor, wine, or champagne, Merchant Store blacklisted by associations (NMAS/MATCH database)