I. General Information

1. Definitions

“Account” means card Account established by us in your name.

“Account currency” means EURO.

“Additional Card” means an additional Card issued to your child, up to 18 years of age (BlackCatCard KIDS) or issued to your spouse, partner living in the same household or other family member (BlackCatCard FAMILY)), under condition of Paragraph 26. Additional Card transactions are chargeable to your Account.

Additional Cardholder means a person to whom an Additional Card has been issued.

“Agreement” means agreement concluded between you and us and consisting of Pre-contractual information (in case of distance agreement), these General terms and conditions Price list and Data protection policy;

“APP” means a mobile application that is a software installed on a device supporting the installation of software and allowing you to access your Account and use our Services. Terms “using APP”, “in APP”, “via APP” shall be applicable to remote execution of our Services (operations) via the mobile application.

“Application for services” means your application for Services following the procedure set by us.

“ATM” means the automatic teller machine which accepts the Card.

“Authentication means” are any or all of the following (according to the context): user Password, user ID, authorization tools, authorization codes and other data used for your authentication under the Agreement.

“Available Funds” means at any given time any unspent funds loaded onto your Account which is available to pay for transactions and fees and charges payable under the Agreement;

“Business Day” means any day other than a Saturday, Sunday or national or public holiday in Malta during our normal working hours (from 9 am to 5.30 pm (CET)).

“Card” or “BlackCatCard” or “BCC” means a prepaid debit card of MasterCard Worldwide international payment card organization issued by us to you, which may be in the form of a Plastic card or Virtual card;

“Cashback” means an incentive program where a percentage of the amount spent by Card is paid back to your Account. This program part of a partner program, provided by FINTECH ASSETS OÜ in accordance with Terms and Conditions of FINTECH ASSETS OÜ.

“Commencement Date” means the date when we have accepted your Application for services by setting up an Account for you and issuing Virtual BCC.

“CRS” or the Common Reporting Standard is an information standard for the Automatic Exchange Of Information (AEOI) regarding bank accounts on a global level, between tax authorities, which the Organisation for Economic Co-operation and Development (OECD) developed in 2014. Its purpose is to combat tax evasion.

“CVV” or the Card Verification Value code is a security feature of the card consisting of 3 digits and is located on the back of the card within the signature area.

“FATCA” or Foreign Account Tax Compliance Act is a tax law that compels U.S. citizens at home and abroad to file annual reports on any foreign account holdings. FATCA was endorsed in 2010 as part of the HIRE Act to promote transparency in the global financial services sector.

“Internet Transaction” means the execution of card payments on the internet, including Virtual card payments.

“Intrabank payment” means payment between accounts established by us (in our financial institution).

“Expiry Date” means the last day of validity of the card (inclusive).

“Notice” means any information, data, documents, orders, applications, instructions, notices, complaints and requests arising out of the business relations between us and you. Notices in English languages only shall be legally valid.

“Password” means a code consisting of Arabic figures and/or letters of the Latin alphabet that you have applied for and that denotes you.

“Personal data” means any information about personal or factual circumstances of a specific or identifiable natural person, such as e.g. name and surname, date of birth, place of birth, identification document (including type of identification document, issue date, ID number, issuing authority), address, telephone number, mobile number, e-mail address, IP address, online identifier, location data, images and information on transactions and accounts.

“PIN” means your unique personal identification number issued by us to you together with the card. The PIN-code is only known to you and considered equal to your signature for Transaction certification.

“Plastic card” or “Plastic BCC” means a physical (plastic) card, which is a copy of Virtual BCC;

“Politically exposed persons” means natural persons who are or have been entrusted with prominent public functions, other than middle ranking or more junior officials:

— Heads of State, Heads of Government, Ministers, Deputy or Assistant Ministers, and Parliamentary Secretaries;
— Members of Parliament or similar legislative bodies;
— Members of the governing bodies of political parties;
— Members of superior, supreme, and constitutional courts or of other high-level judicial bodies whose decisions are not subject to further appeal, except in exceptional circumstances;
— Members of courts of auditors or of the boards of central banks;
— Ambassadors, charges d’affaires and high ranking officers in the armed forces;
— Members of the administrative, management or supervisory boards of State-owned enterprises;
— Anyone exercising a function equivalent to those set out in above-mentioned Paragraphs within an institution of the European Union or any other international body.

“Politically exposed person’s family member” means:

— the spouse, or a person considered to be equivalent to a spouse;
— the children and their spouses, or persons considered to be equivalent to a spouse;
— the parents.

“Person known to be close associates to Politically exposed person” mean:

— a natural person known to have joint beneficial ownership of a body corporate or any other form of legal arrangement, or any other close business relations, with that Politically exposed person;
— a natural person who has sole beneficial ownership of a body corporate or any other form of legal arrangement that is known to have been established for the benefit of that Politically exposed person.

“Services” means services provided by us to you, including, but not limited to, Account management, issuing of the Card, execution of payment transactions (incl. payment transactions through a Card), cash withdrawals by means of an ATM;

“Strong customer authentication” means an authentication based on the use of two or more elements categorized as knowledge (something only the user knows), possession (something only the user possesses) and inherence (something the user is) that are independent, in that the breach of one does not compromise the reliability of the others, and is designed in such a way as to protect the confidentiality of the authentication data.

“Technical overdraft” means an overdraft issued by us to you for discharging your payment obligations to us arising out of the Card use by you, where no sufficient amount of funds is available in the Account at the moment when the payment is due.

“Top-up” means a quick payment that you made from a card whose authorized holder or user you are using the remote access tool. Transaction amount is available to your Card/ Account immediately after successful authorization of Top-up.

“Transaction” means all type of transaction linked to the Account or the Card.

“Virtual card” or “Virtual BCC” means a non-physical card linked to the Account, the use of which is limited to online purchases.

“we”, “us” or “our” or “Papaya” means Papaya Ltd., registered with the Registrar of Companies in Malta, with registered office: 31 Sliema Road, Gzira GZR 1637, Malta, and registration number. C 55146. VAT MT 2075 1731; Papaya’s head office is located at 31 Sliema Road, Gzira GZR 1637; electronic mail address - info@papaya.eu. Papaya Ltd is Electronic Money Institution (EMI), headquartered in Malta and regulated by the Malta Financial Services Authority (MFSA).

“Website” means Papaya’s website at www.papaya.eu.

“you” or “your” refers to individual at least 16 years old to whom we render Services, or who have applied to us for our Services.

2. General information on the agreement

2.1. These General terms and conditions set out the general terms and conditions that apply to our Services.

2.2. Together, these General terms and conditions, Pre-contractual information (in case of distance agreement), Price list, Secure usage of the card and the APP and Data protection policy form an Agreement between you and us governing the opening and management of the Account, the possession and use of the Card and other Services.

2.2.1. The legal relations between us and you under the Card issuing, use, and maintenance or the Account use and maintenance that are not covered in Agreement shall be also regulated by the rules of international payment card organization MasterCard Worldwide.

2.3. Copies of these General terms and conditions and other documents motioned in Paragraph 2.2 can be found in the APP, on the Website or issued on paper without charge upon request by contacting our Customer Services team in accordance with Paragraph 11.

2.4. The Agreement will commence on the Commencement Date and will terminate in accordance with Paragraph 15.

2.5. The Agreement is drawn up in the English language. Where any translation of the Agreement or parts thereof in another language are available, such translation is for informal purposes only and does not alter or take precedence over the provisions of the Agreement, and the provisions of the Agreement in the English language shall prevail.

3. Representations

3.1. You represent that:

3.1.1. you have full legal capacity and ability to act in order to execute Transactions;

3.1.2. your Transactions do not cause infringements of the requirements of applicable legal acts;

3.1.3. all information supplied by you to us is true and is not misleading. All documents supplied by you to us are true and valid. You have been informed of criminal responsibility for supplying us with false information;

3.1.4. you have not offered, promised or given anything or preference to our employee, directly or indirectly, for the latter to act or abstain from any action in infringement of his duties;

3.1.5. you are not engaged in money laundering or in terrorism financing, and your funds loaded into Account have not been obtained through unlawful means.

3.2. We shall be entitled to verify your representation and other information supplied by you at any time.

4. Identity verification

4.1. We are legally obligated to identify you and verify your identity in accordance with the requirements of applicable legal acts and our requirements. You shall supply us with requested data and information, as well as documents that certify authenticity of supplied information and data.

4.2. You shall be entitled to remotely enter into Transactions or submit Notices by using the Authentication means issued by us following the procedure set by us.

4.3. You recognize that any Transaction or Notice confirmed by using the Authentication means shall be true and binding upon you and us, as well as shall have equal legal force as a Transaction or Notice bearing manual signature.

4.4. If the Authentication means issued to you become known to a third party, you shall be responsible for all consequences until the moment of notifying us of the same in accordance with the procedures set by us, unless otherwise specified in the Agreement.

5. Confidentiality

5.1. We acknowledge that all information supplied by you to us and related to you, Transaction and our relations with third persons, is confidential and shall not be disclosed to third persons without your consent, except the information that:

5.1.1. is publicly available;

i5.1.2. s required for financial institutions involved in execution of the Transaction applied for by you, at their request;

5.1.3. is your information supplied to the beneficiary of the payment applied for by you, according to the requirements of the payment processing schemes;

5.1.4. we are obliged to disclose or furnish to third parties in accordance with the requirements of applicable legal acts;

5.1.5. is disclosed to third parties that supervise and audit our operations;

5.1.6. is provided to our outsource service providers, personal data operators and attorneys;

5.1.7. is provided to our cooperation partners that provide services to us or with whom we otherwise cooperate for the sake of execution of your Transactions, our transactions or functions, or for complying with the requirements set forth in the applicable legal acts.

5.2. Confidential information is our secret and is not to be disclosed. Confidential information may only be disclosed in compliance with the requirements of applicable legal acts, these General terms and conditions and Data protection policy.

5.3. You shall agree that we are entitled to record and keep all intercommunication without prior notification and to unilaterally choose technical means for recording the same. We shall record and keep all intercommunication in accordance with the requirements of applicable legal acts and Data protection policy. You shall agree that we are entitled to use intercommunication records as evidence for protecting our interests in settling disputes and in court. We shall not be obliged to store intercommunication records for the benefit of you.

6. Personal information

6.1. We collect, use and process Personal information in accordance with Data protection policy.

6.1.1. Your purchase of the APP presupposes a prior registration in the app store (third-party sales platforms) concerned. We have no influence on the collection, processing and use of personal data by the relevant app store operator. These are the only responsible authorities in this regard.

6.2. We use reasonable measures to help keeping information secure, and to help preventing it from becoming disclosed to persons who are not described in Data protection policy.

6.3. Providing your Personal information to us is optional. However, if you choose not to provide certain Personal information to us, we may not be able to deliver Services to you.

7. Exchange of information

7.1. Any Notices may be submitted in person, in electronic form or sent in writing through a postal operator (to our registered address stated in Paragraph 11. or to your residential address). Subject to prior consent Notices may be submitted also by fax or e-mail stated in Paragraph 11.

7.1.1. We shall not be responsible for losses or expenses incurred by you or a third party in case you have not notified us of change of address for sending of Notices, or has provided incorrect address.

7.2. All Notices submitted to us shall be completed without corrections, deletions, erasures and shall be clearly legible and complying with the requirements set in Agreement.

7.3. All Notices shall bear your own signature, be signed with a secure electronic signature or confirmed with the Authentication means ensured by us to you.

7.4. If a Notice is sent:

7.4.1. by electronic means of communication or by fax, the same shall be considered received at the moment of being sent;

7.4.2. through a postal operator, the same shall be considered received on the third Business day (working day) after service to the postal operator.

7.5. Unless stated otherwise in these General terms and conditions, we shall process Notices on Business days during our working hours.

8. Obligation of cooperation and information provision

8.1. We are subject to laws and regulations regarding the prevention of money laundering and terrorism financing, and will need to collect and record information related to you in order to meet our respective obligations under such laws and regulations.

8.1.1. You undertake to provide us with any information or documents required by us, in particular in order to enable us to meet our obligations under above mentioned laws and regulations. Furthermore, you undertake to notify us promptly when any information or documents you have provided change or need to be updated from time to time.

8.2. To promote appropriate progress of Transactions you are obliged to immediately notify us of changes in your Personal information and registration data (including contact information), of important changes in your financial condition, and of the Transaction beneficiaries.

8.3. We provide you with all information on the Transactions booked to the Account by providing you with access to an Account statement.

8.4. You shall agree that an Account statement shall be deemed a primary evidence of the Transactions performed by you. You shall supply us with all documentary evidence of, or/and information on, incompliance between the Transactions booked to the Account and those actually performed, or the Transactions not authorized by you.

8.5. You shall be obliged to inform us in accordance with Paragraph 11 of any facts and events known to you that may lead to unfair gain for you and/or cause losses for us.

8.6. We are required to carry our due diligence and collect and report information related to you and Account(s) under Maltese tax laws. If have reason to believe that you are required to report your income or are subject to tax in another country, we may have to report and disclose information about you and your Account(s) with the Maltese or relevant tax authorities, either directly or via the Maltese tax authority which may share that information with the appropriate tax authorities abroad. If we request additional documents or information about this, you must supply these promptly. If you do not, you agree that we may suspend or close your Account, or, if the law or regulations requires us to do so, that we may withhold parts of certain payments received into your Account, and pass withheld funds to the relevant tax authorities.

8.6.1. For information on FATCA and CRS, please refer to the information provided to you in these matters or made available on our Website.

9. Short messaging

9.1. We send the short messages (PUSH/ SMS) to the mobile phone number provided by you.

9.2. By sending short messages we inform you about, including, but not limited to, the information for entering the APP, the information on Transactions on the Account (the funds crediting to or debiting from the Account, as well as authorizations of Transactions), the information on events on the account.

9.3. You shall be obliged to read and review the short message sent by us immediately upon its receipt. If within 24 hours after you have received the short message we do not receive a notice from you regarding any errors in the short message, the correctness and completeness of the received short message shall be deemed as approved by you.

10. Fees and charges

10.1. You shall pay remuneration for services rendered by us - fees and charges according to the procedures and to the amount stated in the Agreement and Price list.

10.2. We shall be entitled to unilaterally amend the Price list in accordance with the procedure described in Paragraph 13.The currency exchange rates set by us shall not be included in Price list and shall be stated at the moment of rendering the Service. The currency exchange rates may be changed any time without prior notification, also during the Business day, considering currency exchange rate fluctuations in financial markets. Those amendments shall become effective upon publishing the changes in APP and on Website.

10.3. The fees and charges must be paid before execution of the Service, unless we have stated different procedures in the Agreement and/or in Price list. Unless you have paid the fees and charges to us, we are entitled to cease rendering definite Service to you or refuse rendering the Service without any notice. If we terminate or refuse rendering the Service to you, we shall not be responsible for your losses or other additional expenses of you. If we continue rendering the service, we consequently acquiring the corresponding rights of claim towards you of the amount equal to unpaid fees and charges.

10.4. Where the Services provided by us are suspended pending documentation or information required from you in relation to our obligations under Paragraph 8.1.1, the monthly fee will continue to be applied to you.

10.5. We are entitled to debit your Account with amount of any claim due under the Transactions you applied for (including amounts of payments applied for by you, fees and charges, taxes, duties, etc.) that you have undertaken to perform and/or we are entitled to without acceptance by you.

10.6. If taxes, duties or similar payments are levied on charges, we shall be entitled to withhold such payments from you, with the charge amount being increased accordingly.

10.7. You should be aware that other taxes, duties or similar costs may exist that are related to our Services, but are not paid via us or imposed by us.

10.8. Should you have any queries about the fees and charges, actual currency exchange rates or any other information, please contact us using the details in Paragraph 11.

11. Customer services

11.1. You agree, that all communications between us and you shall be in the English language.

11.2. Our Customer Services team are normally available from 9 am to 5.30 pm (CET) Monday to Friday, excluding national and public holidays in Malta. During these hours we will endeavour to resolve all enquiries immediately. You can contact our Customer Services team by the following methods:

11.2.1. writing to us via APP;

11.2.2. calling by phone: +356 20 155 500

11.2.3. writing to email:

11.2.3.1. to file a complaint: complaints@papaya.eu

11.2.3.2. regarding your PIN and Card (including Lost Cards): loststolen@papaya.eu

11.2.3.3. for other matters and requests: customerservice@papaya.eu

11.2.4. writing to us or visiting us - Papaya Ltd., 31 Sliema Road, Gzira GZR 1637, Malta.

11.3. If you are not satisfied with any element of the service you receive, any complaints should also be made to our Customer Services team using the contact details in Paragraphs 11.2.3.1 or 11.2.4.

11.3.1. We shall make every possible effort to reply, on paper or on another durable medium (for example, in the APP), to your complaints. Such a reply shall address all points raised, within an adequate timeframe and at the latest within 15 Business days of receipt of the complaint.

11.3.2. In exceptional situations, if the answer cannot be given within 15 Business days for reasons beyond the control of us, we shall send a holding reply, clearly indicating the reasons for a delay in answering to the complaint and specifying the deadline by which you will receive the final reply. In any event, the deadline for receiving the final reply shall not exceed 35 Business days.

11.3.3. We do everything we can to make sure you receive the best possible service. However, if you are not happy with how your complaint has been managed by our customer care team and you wish to escalate your complaint, you should contact the Office of the Arbiter, which is competent to deal with disputes concerning the rights and obligations arising under financial services. You can access further information on the Office of the Arbiter and on the conditions for using such services on the website - https://financialarbiter.org.mt or visiting the Office of the Arbiter for Financial Services - 1st Floor, St Calcedonius Square, Floriana FRN 1530, Malta.

12. Limitation of liability

12.1. Normally, we will be able to support transactions 24 hours per day, 365 days per year. However, we cannot guarantee this will be the case, and in certain circumstances – for example a serious technical problem – we may be unable to receive or complete transactions.

12.2. Nothing in the Agreement shall exclude or limit any regulatory responsibilities we have which we are not permitted to exclude or limit.

12.3. No liability shall arise:

12.3.1. in cases of abnormal and unforeseeable circumstances beyond the control of the party pleading for the application of those circumstances, the consequences of which would have been unavoidable despite all efforts to the contrary, or

12.3.2. where we are bound by other legal obligations covered by European Union or national law.

12.4.The Malta Depositor Compensation Scheme does not apply to your Account and BCC. But as a responsible e-money issuer and payment provider we take the security of your money very seriously. We shall safeguard all funds received from you.

Such funds held shall be deposited in a separate bank account in a credit institution domiciled in a reputable jurisdiction. So in the unlikely event of any insolvency, funds that have reached your Account will be protected against claims by creditors.

13. Amendment of general terms and conditions

13.1. The Agreement may be amended by us at any time for legal, regulatory, commercial or security reasons or to improve the Services, or for any other reason.

13.2. If any amendments are made they will be published in the APP and on the Website two (2) months before the amendments take effect (unless such amendments provide for a different term of entering into effect in accordance with legal enactments of the Republic of Malta). Amendments to the Agreement shall not apply to the Transactions that have been executed and completed before the date on which amendments to the Agreement enter into effect.

13.3. Copies of the most up-to-date version of the General terms and conditions will be made available in the APP and on the Website at all times and will be available on request by contacting our Customer Services team in accordance with Paragraph 11.

13.4. We shall not be responsible for your losses or other expenses, should you fail to familiarize yourself with amendments to the General terms and conditions.

13.5. Should you fail to submit your objections to us before the day on which amendments to the Agreement become effective, you shall be deemed to agree to amend legal relations between you and us as stated in the amendments. Should you disagree to the amendments, you shall be entitled to terminate your business relations with us that are affected by the proposed amendments immediately, before the day on which amendments become effective, without penal sanctions applied.

14. Cooling off procedure

14.1. If you use remote access tools for conclusion of the Agreement (distance Agreement), you are entitled to a 14-day “cooling off’ period from the Commencement Date during which you may cancel the Agreement without incurring any penalty and without having to give any reason.

14.2. Should you wish to cancel the Agreement during the “cooling off” period, please send us written revocation (in free form) and return the Plastic BCC to us (at Papaya’s head office: 31 Sliema Road, Gzira GZR 1637, Malta), unsigned and unused.

14.3. Note that you will not be entitled to a refund of any fees paid in accordance with Price list, if you have used your Card during the 14-day “cooling off” period.

14.3.1. Charges and fees for the Services levied on a regular basis shall be payable by you proportionally up to the cancelation of the Agreement. If such charges are paid in advance, they shall be reimbursed proportionally.

14.4. Following the end of the “cooling off” period you may terminate the Agreement in accordance with Paragraph 15.

15. Termination of this agreement

15.1. Subject to Paragraph 14, the Agreement runs indefinitely.

15.2. Each Party shall be entitled to unilaterally, without explaining reasons, terminate the Agreement, servicing a Notice of termination to the other Party, unless stated otherwise in the normative acts applicable in the Republic of Malta.

15.3. Following your initiative, the Account shall be closed within 1 (one) month of receipt of your written Notice in accordance with the procedure set by us.

15.3.1. We shall have no obligation to close the Account in case the same is required for execution of the Transactions concluded with you or the Technical overdraft is granted to you.

15.4. We may terminate the Agreement by giving at least 2 months’ Notice to you.

15.5. On termination of the Agreement we shall provide to you free of charge, on paper or on another durable medium (for example, make the information available in the APP) an interim statement covering a period of at least thirteen months.

15.6. We shall be entitled to unilaterally refuse, or abstain from, execution of a Transaction in full or in part, suspend or terminate any Transaction, change the term of executing the Transaction, set restrictions on any Transaction, freezing or attach the funds and assets, limiting the availability of the Services to you, as well as restrict, suspend or terminate any contractual relations with you without serving a Notice to you and without reimbursing you for any losses or additional expenses in the following cases:

15.6.1. you have defaulted on the Agreement;

15.6.2. a person who is not validly identified or authorized is suspected of acting on behalf of you;

15.6.3. suspected involvement of you in money laundering, terrorism financing, or attempted money laundering or terrorism financing;

15.6.4. fraud is suspected or you are suspected to allow a legally punishable, dishonest or unethical action, or if we have reason to consider that further cooperation with you is to the detriment of our honor, credit or reputation;

15.6.5. suspicion of the death of the client;

15.6.5.1. In the event of the death of the client, the heirs shall be obliged to submit a document certifying their respective rights to us in order to dispose of the deceased client’s estate, as well as shall provide instructions on further disposal of such estate.

15.6.6. you fail to supply us with the requested information and documents in the cases specified in Paragraph 8.1, or we suspect such supplied information or documents to be inconsistent with actual circumstances;

15.6.7. it is conditioned by the necessity to meet the requirements of the financial institutions or organizations involved in execution of the Transaction applied for by you;

15.6.8. the Transaction is suspected to result in direct or indirect violation of sanctions set by the Republic of Malta, the European Union, the United Nations Organization or other international organization whose member state is Malta, or a particular state;

15.6.9. the Transaction contradicts our internal Client or Risk management policies;

15.6.10. we consider some default on your obligations to have occurred or to possibly occur;

15.6.11. the Technical overdraft mentioned in Paragraph 20 is generated during more than 60 days in a row.

15.7. Charges and fees for the Services levied on a regular basis shall be payable by you proportionally up to the termination of the Agreement. If such charges are paid in advance, they shall be reimbursed proportionally.

15.8. In case of closing the Account, the Account balance shall secure your liabilities against us, arising upon closing the Account.

15.9. Termination of the Agreement shall not entail termination of your and our non-discharged obligations established before the Agreement termination. All non-discharged obligations under Agreement established before terminating the Agreement shall be discharged in accordance with the terms and conditions of the Agreement.

15.10. Documents submitted by you for the sake of conclusion of an Agreement / performance of Transaction or other operations shall not be returned to you.

15.11. Should the relations be terminated, you shall submit all required documents to us and take all required steps to discharge the obligations arising out of the legal relations between you and us.

15.12. If the Agreement terminates we will close your Account and cancel your Card. The day of closing the Account shall be the day of terminating the Agreement.

15.12.1. You must inform us as soon as practicable what you want us to do with any unused available funds on your Account.

15.12.2. We shall close the Account and transfer the balance according to the payment order submitted by you, unless stated otherwise in the applicable legal acts.

17. Assignment

17.1. We may assign the benefit and burden of the Agreement to another company at any time by giving you two (2) months’ notice of this. If we do this, your rights will not be affected.

II. Remote access tools

18. Terms of using the app or another remote access tool

18.1. Using the APP or another remote access tool (further – the APP) you can apply electronically (remotely) for the opening of an Account. By submitting of Application for services (or by submitting of registration information) you provide us with the requested information, as well as you confirm the familiarization and agreement with the terms and conditions of the Agreement and submitting a binding offer for the conclusion of the Agreement.

18.2. The App primarily serve to administer your Account, which, in particular, makes it possible to process transactions using the Card, as well as payment transactions.

18.3. The App is protected by the intellectual property laws. No modification or reproduction of the APP, publishing, no transfer thereof to any third person or use of technologies used in the APP for making other software shall be allowed without our consent.

18.4. You shall only be entitled to use the APP for the purpose of the Agreement and according to conditions stated by us. We grant you the limited, non-exclusive, non-transferable and sub-licensable right, restricted to the period of the Agreement. The right of use expires upon expiration of the Agreement.

18.5. For using APP you shall be authenticated by us according to the Authentication means.

18.6. You shall study technical requirements of using the APP and the Authentication means, and also requirements to safe keeping and using of the Authentication means, as stated by us.

18.7. When connecting to the APP, you shall use a safe workstation (mobile devices), including safe Internet connection and licensed software, as well as shall take all necessary preventive security measures (inter alia, install software updates, ensure control over workstation access rights, and install necessary antivirus software and firewall) to prevent possession of your information and Authentication means by third parties and their unauthorized use, or their use for fraudulent or other criminal purposes. You shall familiarize itself with other rules of safe keeping and using of the APP stated by us - Secure usage of the card and the APP.

18.8. You shall ensure that the Authentication means are kept safely and are not accessible to third parties. You shall bear full liability for all losses and risks of other additional expenses of you in case you Authentication means come to the disposal of a third party because of your failure to abide by the Agreement.

18.9. In case the Authentication means are lost, stolen, reproduced or become otherwise accessible to a third party, or in case of unauthorized use of the Authentication means, you shall inform us without undue delay and as soon as you became aware of this calling or writing to our Customer Services team in accordance with Paragraph 11.

III. The account

19. Account opening and maintenance

19.1. You shall be entitled to open only one Account with us.

19.1.1. We shall be entitled to reject opening the Account for you, based on confidential information available to us. This being the case, we shall not be obliged to explain reasons for rejection to you.

19.2. By opening an Account we create a Virtual card for you. Since your Account is opened you are entitled to submit Plastic card via App.

19.3. Prior to use the Account and the Card you must ensure that you have sufficient Available Funds on your Account.

19.3.1. You may check the balance and available Funds on your Account or view a statement of recent Transactions in the APP.

19.4. Funds loaded onto your Account do not constitute a deposit. You will not earn interest on the balance of the Account.

19.5. We shall credit the Account with funds:

19.5.1. credited to the Account by making a payment.

19.6. We shall ensure that the amount of the payment transaction is at your disposal immediately after that amount is credited to our account where, on our part, there is:

19.6.1. no currency conversion; or

19.6.2. a currency conversion between the euro and a Member State currency or between two Member State currencies.

19.6.3. a sole payment service provider involving to payment Transaction.

19.7. In case incoming payment currency differs from the Account currency, at the moment of crediting to the Account we shall convert such funds into Euro, applying our currency exchange rate effective as at the date of exchange.

19.8. We shall be entitled to debit the Account with amounts of Transactions made by means of the Card and any charges thereon without acceptance, after information on the Transaction is received.

19.8.1. At the moment of executing the Transaction, we will block the Transaction amount and any charges thereon in the Account until information about the Transaction is received. If information about the Transaction is not received in due time, the blocking shall be cancelled, without cancelling the abovementioned rights of us.

19.8.2. The amount and currency of the Transaction made shall be made known to us by the payment processing organization – MasterCard Worldwide.

19.8.2.1. In case the currency of a Transaction corresponds to the Account currency, the Transaction amount shall be debited in such currency.

19.8.2.2. In case the Transaction currency fails to correspond to the Account currency, the Transaction amount shall be debited in the Account currency, applying the currency exchange rate applied by MasterCard Worldwide and effective as at the moment of the Transaction processing, and mark-up 3% (mark-up does not apply for purchase/withdrawals in Swedish Krona (SEK), Czech Koruna (CZK), Polish Zloty (PLN) and Romanian Leu (RON)).

19.9. You shall be entitled to make Transactions with the Card within the balance of funds in the Account. You shall immediately reimburse us for all expenses and losses that may be sustained by us through your failure to comply with this provision.

20. Technical overdraft on account

20.1. Under normal circumstances, if any payment is attempted that exceeds the Available Funds on the Account the Transaction will be declined. In certain circumstances, a transaction may take your Account into a negative balance – this will normally be where the merchant has failed to seek authorization for the Transaction. In these cases, providing that we are satisfied that you have not deliberately used the Card in the manner that would result in a negative Account balance, we shall grant the Technical Overdraft on Account to you.

20.1.1. The Technical Overdraft shall be granted by us in the form of non-revolving overdraft. We shall be entitled to grant on your Account the Technical Overdraft to the amount that is to be added to the balance of funds available in the Account in order to discharge your particular payment obligations.

20.1.2. The Technical Overdraft shall be deemed received at the moment of discharging your payment obligations.

20.2. The Technical Overdraft shall be repaid by you immediately on the day of origination of the same.

IV. The card

21. Terms of issue and use of the card

21.1. The Virtual BCC will normally be ready for use immediately after opening the Account.

21.1.1. We shall issue the PIN-code to you via the APP.

21.2.You are entitled to order Plastic card according to the procedure prescribed by us.

21.2.1. You can get the Plastic card starting from the date indicated by us within 1 (one) month visiting our head office on Business days.

21.2.2. By your request we shall issue the Plastic Card to you sending by post and/or through intermediary of third parties.

21.2.2.1. We shall bear the risk of sending the Plastic Card to you. We shall bear no responsibility for any loss of profits, loss of business, or any indirect, consequential, special or punitive losses, or due to any other reasons beyond our control.

21.2.3. When you receive your Plastic BCC, it will be issued to you in an inactive state. You shall confirm the receipt of the Plastic card. You will need to activate the Plastic card via the APP prior to use.

21.2.4. If you do not activate your Plastic Card, any Transactions that you attempt to carry out with it will be declined.

21.3. The Card is our property transferred to you for use. You shall only be entitled to use the Card.

21.3.1. The Card may only be used by the person to whom the Card was issued.

21.3.1.1. In case the Card provides signature specimen, you shall be obliged to affix your signature to the Card in the place meant for the signature specimen at the moment of receiving the Card.

21.4. The Card is linked to your Account and is intended for use as a means of payment.

21.5. In order to prevent or cease unlawful operations with the Card, we shall be entitled to demand from you to return the Card and you shall be obliged to satisfy above mentioned request immediately.

21.6. You shall not be allowed to damage the Card, to modify or reproduce the Card, or to allow such damage, modification or reproduction. In case the Card is damaged, you shall be entitled to apply to Bank for replacement of his Card.

21.7. The Card is intended for purchases from merchants, where you are physically present, or for purchases on the Internet, for cash withdrawals by means of an ATM or for any other purposes allowed by us from time to time.

21.7.1. The Virtual BCC is designed for online purchases only.

21.8. The PIN-code is only known to you (as the cardholder) and considered equal to the cardholder’s signature for Transaction certification. In case of PIN-code use, strict observance of all instructions of the respective ATM or payment card terminal is required.

21.9. You shall recognize a Transaction with the Card as confirmed (authorized) by you provided that:

21.9.1. when making a Transaction, you have signed a document certifying the Transaction;

21.9.2. the Transaction has been confirmed by entering the PIN-code in the ATM or card POS terminal;

21.9.3. the Transaction has been confirmed by entering (providing) your name, surname, the Card number, validity period and CVV code.

21.10. Normally, we will receive notification of your authorization by way of an electronic message in line with the rules and procedures of the payment scheme (Mastercard network). Once we have received notification of your authorization to proceed with the Transaction, the Transaction cannot be stopped or revoked. However, you may in certain circumstances be entitled to a refund in accordance with Paragraph 33.

21.11. In certain circumstances, we may refuse to complete a Transaction that you have authorized. These circumstances include:

21.11.1. if we have reasonable concerns about the security of your Card or we suspect your Card is being used in a fraudulent or unauthorized manner;

21.11.2. if there are not sufficient Available Funds to cover the Transaction and all associated fees at the time that we receive notification of the Transaction;

21.11.3. if there is an outstanding shortfall on the balance of your Card;

21.11.4. if we have reasonable grounds to believe you are acting in breach of the Agreement;

21.11.5. if there are errors, failures (mechanical or otherwise) or refusals by merchants, payment processors or payment schemes processing transactions; or

21.11.6. if we are required to do so by law.

21.12. Unless it would be unlawful for us to do so, where we refuse to complete a Transaction for you in accordance with Paragraph 21.11, we will notify you as soon as reasonably practicable, that it has been refused and the reasons why it has been refused, together where relevant, with the procedure for correcting any factual errors that led to the refusal.

21.13. We may suspend your Card, in which case you will not be able to use it for any Transactions, if we have reasonable concerns about the security of your Card or we suspect your Card is being used in a fraudulent or unauthorized manner. We will notify you of any such suspension sending Notes (for example, by the APP) in advance, or immediately after if this is not possible, and of the reasons for the suspension unless to do so would compromise reasonable security measures or otherwise be unlawful. We will lift the suspension and, where appropriate, issue a new Card free of charge as soon as practicable once the reasons for the suspension cease to exist.

21.14. You shall agree that a Transaction confirmation given following the procedures stipulated in Paragraph 21.9 shall constitute an irrevocable confirmation (consent) by you with regard to the amount and other details stated in the document, or an ATM’s or card POS terminal’s display.

21.14.1. To perform authorization of a Transaction made using the Card on the Internet where the vendor ensures secure authentication (3-D secure), you shall make additional authorization by confirming such Transactions with one-time password derived from us.

21.15. You are obliged to present your identity document at the request of the receiver of the Transaction amount or a person authorized by the latter.

21.16. For the security purposes, we shall set payment limits on Transaction executed through the Card, including Internet Transactions (setting the maximum amount of each particular payment or the total maximum amount over a specific period). Standard limits are stated in the Price list. You shall be entitled to change or reject the payment limits set by us.

21.16.1. We provide you with options for further risk limitation within Internet Transactions limits. You shall be entitled to reduce the limit for Internet Transaction till zero, so we allow customers to disable the Internet payment functionality.

21.16.2. If you do not disable the Internet payment functionality as mentioned in Paragraph 21.16.1, we consider that you confirm your willingness to make Internet Transactions using our Services.

21.17. We will not be liable for:

21.17.1. your losses of you caused by damages or faults in the Card serving computer system, including your failure to use funds available in the Card account;

21.17.2. refusal to accept the Card;

21.17.3. quality of goods and services purchased with the Card being used;

21.17.4. errors or unlawful action of the receiver of the Transaction amount;

21.17.5. any loss of profits, loss of business, or any indirect, consequential, special or punitive losses; or

21.17.6. any acts or omissions that are a consequence of our compliance with any national or European Union law.

21.17.7. In any event our liability will be limited to the balance of the Account at the time that the event occurs.

21.18. In addition to the limitations set out in Paragraph 21.17, our liability shall be limited as follows:

21.18.1. where your BCC is faulty due to our fault, our liability shall be limited to the replacement of the BCC or repayment to you of the Available Funds on your Account; or

21.18.2. where sums are incorrectly deducted from your Account due to our fault, our liability shall be limited to payment to you of an equivalent amount.

22. Keeping your card and its details safe

22.1. We will assume that all Transactions entered into by you with your Card or Card details is made by you unless you notify us in accordance with Paragraph 23.1.

22.2. You are responsible for keeping your Card and its details (Card number, validity or CVV code) safe. This means you must take all reasonable steps to avoid the loss, theft or misuse of the Card or details. Do not disclose the Card details to anyone except where necessary to complete a Transaction. You should be satisfied that the retailer or service provider is genuine and has taken adequate steps to safeguard your information before proceeding with the Transaction and supplying them with the Card or details.

22.3. When making a Transaction with the Card, you shall be obliged to supervise actions with the Card, and shall be responsible in full for risks arising as a result of Card servicing if the Card comes into the possession of any third party. You shall familiarize itself with other rules of safe keeping and using of the Card and Card information stated by us - Secure usage of the card and the APP.

22.4. You must keep your PIN safe at all times. This includes:

22.4.1. memorising your PIN as soon as you receive it;

22.4.2. never writing your PIN on your Card or on anything you usually keep with your Card;

22.4.3. keeping your PIN secret at all times, including by not using your PIN if anyone else is watching; and

22.4.4. not disclosing your PIN to any person (this includes printed messages, e-mails and online forms).

22.5. Failure to comply with this may be treated as gross negligence and may affect your ability to claim any losses.

23. Lost, stolen or damaged of the card

23.1. If you lose your BCC or it is stolen or damaged or you suspect it has been reproduced or otherwise has come to the disposal of a third person or PIN-code or other Authentication means has become known or might have become known to a third person, or unauthorized use of the Card has occurred, please notify us without undue delay and as soon as you became aware of this:

23.1.1. by using APP (is available at all times); or

23.1.2. calling our Customer Services team in accordance with Paragraph 11 (available on Business days). You will be asked to provide your Card number and other information to verify that you are the authorized cardholder. Following satisfactory completion of the verification process, we will then immediately block any lost or stolen Card to prevent unauthorized use and cancel any damaged Card to prevent further use.

23.1.3. You can use above mentioned means of communications to request unblocking of the Card pursuant to Paragraph 21.13.

23.2. You shall be obliged to immediately supply us at our request with data on circumstances related to loss of Card, disclosure of PIN-code to a third person, or unauthorized use of the Card.

23.3. After you have notified us of the loss, theft or risk of misuse, and providing that we are able to identify your Card and satisfy certain security checks, we may issue a replacement Card and/or PIN to you. The “cooling off” period described in Paragraph 14 does not apply to replacement Cards.

23.4. On your request, we shall provide you with the means to prove (for 18 months after notification) that you made a notification as referred to in Paragraph 23.1.

23.5. If we believe (and can provide supporting evidence) you have acted fraudulently, or if we believe (and can provide supporting evidence) you have intentionally or with gross negligence failed to keep your BCC or its details safe at all times, we will hold you liable for all Transactions and any associated fees.

24. Purchases from retailers

24.1. We are not responsible for the safety, legality, quality or any other aspect of the goods and services purchased with the BCC.

24.2. Where a retailer provides a refund for any reason (for example, if you return the goods as faulty) it can take several days for the notification of the refund and the money itself to reach us. As such, please allow 5-10 days from the date the refund was carried out for the refund to be applied to your Account.

25. Expiry of the card

25.1. Validity of the Card is stated on the Plastic Card (information of validity of Virtual Card you can find in the APP). The Card is valid until the last day of its validity (inclusive). Upon expiry of validity of the Card, as well as in case the Card is blocked and a replacement Card is issued, the same shall not be used. You shall be obliged to destroy a Card with expired validity, e.g. by dividing the same in two parts.

25.2. Upon expiry of validity of the Card, we shall make a new Card for you, unless:

25.2.1. you have refused to receive such new Card at least one month before expiry of validity of the current Card or

25.2.2. we have notified you of the rejection to issue a new Card.

25.3. We shall debit your Account with the charge for the Card production without acceptance in accordance with Price List. A new Card shall be kept by us until being sent to you by post and/or through intermediary of third parties.

25.4. The “cooling off” period described in Paragraph 14 will not apply to any replacement Card issued by us.

26. Additional cardholder

26.1. You may request us to issue the Additional card to Additional Cardholder Bank in a form and according to the procedure prescribed by us.

26.2. You authorise us to issue the Additional Card and PINs to the Additional Cardholder and you authorise each additional cardholder to authorise transactions on your behalf.

26.3. All Card transactions effected by the Additional Cardholder will be charged to the Account.

26.4. Where you request us for the Additional Card issuing to Additional Cardholder, you thereby:

26.4.1. represent that all information about the Additional Cardholder provided by you is complete, accurate and true in all respects, and the Additional Cardholder’s consent to providing such information to us for processing has been obtained. You commit to immediately inform us on all changes in the said information;

26.4.2. commit to ensure that the Additional Card will be used only by the Additional Cardholder stated in the application for the Card issuing;

26.4.3. undertake full liability for any fees, transactions, use or misuse of any Additional Card requested by you;

26.4.4. commit to communicate the Agreement to the Additional cardholders before he or she starts using the Additional Card and ensure that the Cardholder complies with applicable provisions of the Agreement.

V. The payment transactions

27. Terms of payments

27.1. You shall only be entitled to make payments from the Account to:

27.1.1. your e-wallet created by us;

27.1.2. other client’s Account with us;

27.1.3. account with another bank / payment provider.

27.2. In order to make a payment, you shall submit payment order to us in a form and according to the procedure prescribed by us, filling in the same precisely and in full and stating all information requested.

27.2.1. You shall state your name and number of Account (IBAN format), the payment amount and currency (EURO), the beneficiary’s name and account number, the payment purpose, and other details required in the payment order and necessary for performing the payment.

27.2.2. Should you fail to provide all required details in a payment order or other information enabling check of the transaction compliance, we shall be entitled, at our own discretion, to postpone execution of such payment order until receipt of additional information and/or documents requested from you (but not longer than for the period stated in Paragraph 27.4) or deny execution of such payment order if the requested additional information and/or documents are not received.

27.3. You shall agree that a payment shall be deemed confirmed by you (you have given consent to execute the payment transaction) where the payment order is submitted via the APP and authorized by respective Authentication means.

27.3.1. You shall agree that above mentioned payment confirmation shall constitute an irrevocable confirmation / consent by you with regard to the amount and other details stated in the payment order. We shall be entitled to request additional payment confirmation in accordance with the Paragraph 27.5.

27.4. A payment order shall be valid for submission to us during eight calendar days from the date of signing the same (including the date of signing). We shall be entitled to postpone or deny execution of a payment order on the following instances:

27.4.1. your Account balance is insufficient to execute the respective payment orders and/or cover the payment charges;

27.4.2. details of the payment order should be amended in accordance with Paragraph 27.2;

27.4.3. the additional confirmation of the payment is required in accordance with Paragraph 27.5.

27.4.4. Where execution of the payment order submitted by you is postponed on reasonable grounds, such payment order shall be valid for execution during eight calendar days from the day of submitting the same to us.

27.5. To protect you property, we shall be entitled, without obligation, to request additional payment confirmation (authorization) to be provided by you, where under the payment processing by us there arise suspicions of attempted fraud involving your funds, even though attempted fraudulent transaction might be not detected after the check.

27.5.1. We may postpone execution of such payment until you confirm the payment in accordance with our requirements and also may deny execution of the payment if no confirmation is received.

27.6. We shall be entitled to deny execution of a payment also on instances where other provisions stipulated in Agreement are not complied with, or where legal acts or other regulatory requirements applicable to us prohibit execution of the payment.

27.6.1. We shall be not liable for your losses or other additional expenses incurred by you in case of suspending the payment execution or the denial to execute the payment stipulated in Agreement.

27.6.2. We shall bear no responsibility with regard to a non-executed or unduly executed payment order in case due execution of the same is hindered by legal enactments or other regulatory requirements applicable to us.

27.7. We shall inform you of postponing the payment execution or the denial to execute the payment by the Notice (for example, in the APP) at the earliest opportunity, but not later than by the end of the following Business day, unless legal acts applicable to us prohibit provision of such information.

27.8. We shall be not liable for your losses or other additional expenses that might be incurred due to not executing the payment order or undue execution of it, where the beneficiary’s account number provided in your payment order and stated in IBAN or other format, including invalid or incorrect account number, fails to conform to other payment details stated, and also where details provided in the payment order are incorrect or incomplete.

27.8.1. However, we shall make reasonable efforts to recover the funds involved in the erroneous payment transaction. In the event that such recovery of funds is not possible, we shall provide to you, upon written request, all information available to us and relevant to you in order for you to file a legal claim to recover the funds.

28. Terms of payment processing and execution

28.1. The moment of receiving the payment order shall be that when we receive a payment order complying with the form and procedures stipulated by us, meeting our requirements and submitted in accordance with the cut-off times stated in the Price list.

28.1.1. Receipt of a payment order shall not guarantee its execution. A condition precedent for executing a payment order is compliance of the same with all requirements set forth herein and in other legal enactments that regulate payments.

28.1.2. Terms of executing payment orders submitted by you shall depend on payment types stated in the Price list and cut-off times.

28.1.2.1. You shall state the preferred payment type in payment order. If the Client has not stated the preferred payment type, such payment shall be executed as a standard payment.

28.2. You can initiate a payment order which execution shall start on a specific day. The time of receipt of above mentioned payment order is deemed to be the agreed day. If the agreed day is not a Business day, the payment order received shall be deemed to have been received on the following Business day.

29. Processing of payments made by you to other payment provider

29.1. Your payments made to other payment provider shall be processed by us on the Business days, taking into account the cut-off time and payment value date stated in Price List.

29.2. Under execution of a payment order, we execute the payment order without additional negotiation with you, by choosing the most appropriate execution route and settlement systems.

29.3. If payment order submitted by you is received by us before the cut-off time set forth in Price List, we shall execute the payment with the value date stated in Price List. On the said value date, we shall pass the payment amount to the beneficiary or the beneficiary bank or the intermediary bank.

29.4. If payment order submitted by you is received by us after the cut-off time set forth in Price List, we shall process the same on the next Business day.

29.4.1. We shall be entitled, without obligation, to process your payment order on the same Business day, adding one more Business day to the payment value date.

29.5. If value date stated in the Price list appears to be a holiday of the correspondent bank, intermediary bank, beneficiary bank, or settlement system via which the payment is to be executed, we may execute the your submitted payment order on the next working day of us, correspondent bank, intermediary bank, beneficiary bank, settlement system via which the payment is to be executed.

29.6. If the correspondent bank, intermediary bank, beneficiary bank, or settlement system via which your payment to other bank is to be executed is located in a different time zone, we are unable to guarantee execution of the same in accordance with the provisions of Price List.

29.7. In case of payments made by you to other payment provider, we are unable to guarantee passing the payment amount to the beneficiary payment provider and crediting of the same to the beneficiary’s account within the specified time if one or several intermediary banks/ payment providers are involved in the payment execution.

30. Processing of intrabank payments made by you

30.1. Intrabank payments submitted by the Client shall be processed by us on Business days, taking into account the cut-off time and payment value date stated in the Price List. If payment order submitted by you is received after the cut-off time set forth in the Price List, we shall process the same on the next Business day.

31. Payments addressed to you

31.1. A payment from other payment provider addressed to you shall be credited by us to the your Account on the Business days before the time stated in the Price List following receipt of a notice from the payment originator’s bank/ payment provider regarding the payment addressed to you and provided we have all information necessary for the payment execution in accordance with our requirements.

31.1.1. We shall be entitled not to credit the payment from other payment provider addressed to you to your account until we receive a relevant confirmation pursuant to our requirements that the payment amount has been credited to our correspondent account. When crediting the payment from other payment provider addressed to you to your account, we shall determine the payment value date according to the value date stated in the payment order. Where the value date stated in the payment order precedes the date of the payment processing by us, we shall be entitled to set the Business day preceding the payment processing date as the value date. The payment amount shall be passed to you on the payment value date determined by us. We shall supply you with information on the value date of the payment credited to you in your Account statement.

31.1.2. We shall credit a sum of Top-up to your Account immediately after successful authorization of Top-up.

31.2. A payment addressed to you shall be deemed executed correctly provided that the same has been executed in accordance with your account number in IBAN format stated in the payment order. We shall be entitled, without obligation, to check whether account number stated in the payment order conforms to your name, and in case of the respective nonconformity – to deny execution of the payment or request details to be amended.

31.3. In case your Account has been credited with funds through our error, we shall be entitled to debit the account with such funds without acceptance, notifying you accordingly in its Account statement / report.

31.4. The funds credited to you can be debited by us from the Account without acceptance in case the correspondent bank involved in the payment execution as a beneficiary bank or intermediary bank defaults on its obligations to us, i.e., the payment amount addressed to you is not actually passed to us.

32. Correction, cancellation and refund of payments

32.1. We shall not revoke a payment order once it has been received by us, unless otherwise specified in this Paragraph.

32.1.1. In the case referred to in Paragraph 28.2 you may revoke a payment order at the latest by the end of the Business day preceding the agreed day.

32.2. You shall be entitled to apply to us for corrections in the payment order submitted to us, submitting a respective application in the form and according to the procedure required by us. Nevertheless, we shall not guarantee correction of the payment order.

32.2.1. We shall ensure correction of your payment order that has not been executed yet as requested by you.

32.2.2. Where you apply for correcting an already executed payment order we shall, to the extent possible, contact the beneficiary’s or intermediary bank to request corrections in the executed payment order, as applied for by you.

32.3. You shall be entitled to apply to us for cancellation of a submitted payment order, submitting a respective application in the form and according to the procedure set by us to the same. Nevertheless, we shall not guarantee cancellation of the payment order.

32.3.1. Where you apply for cancelling an already executed payment order:

32.3.1.1. in case of a payment to other payment provider – we shall, to the extent possible, contact the beneficiary’s payment provider or intermediary bank to get back the funds transferred. We shall refund funds to your Account only upon we ascertain that the payment order has not been executed on any stage of the payment order execution and after we get the funds back from the beneficiary’s payment provider or intermediary bank;

32.3.1.2. in case of an Intrabank payment – we shall, to the extent possible, try to contact the beneficiary client to obtain its consent to the payment refund. The payment shall be refunded to the remitting client only after the beneficiary client consents to the same.

33. Transaction disputes

33.1. If you believe you did not authorize a particular Transaction or that a Transaction was incorrectly carried out, in order to obtain a refund you must contact our Customer Services team (section 11) without undue delay - as soon as you notice the problem, and in any case no later than 13 months after the amount of the Transaction has been deducted from the Account.

33.2. We will investigate the matter and, if it transpires that the transaction was unauthorised by you or incorrectly executed by us, we will proceed to refund the amount debited to the Account together with any charges that may have been levied by us in connection with the unauthorised or incorrectly executed Transaction.

33.3. If you have filed a claim for any unauthorized Transaction, you must immediately block the Card.

33.4. You may be obliged to bear the losses relating to any unauthorized Transactions, up to a maximum of EUR 50, resulting from the use of a lost or stolen payment instrument or from the misappropriation of a payment instrument.

33.5. Paragraph 33.5 shall not apply if:

33.5.1. the loss, theft or misappropriation of the Card was not detectable by you prior to a payment, except where the payer has acted fraudulently; or

33.5.2. the loss was caused by acts or lack of action of our employee or agent or of an entity to which its activities were outsourced.

33.6. You will be liable for all losses incurred in respect of an unauthorized transaction if:

33.6.1. you have acted fraudulently; or

33.6.2. have intentionally or with gross negligence failed to:

33.6.2.1. look after and use your Card in accordance with the Agreement; or

33.6.2.2. notify us of the problem.

33.7. Except where you have acted fraudulently, you will not be liable for any losses incurred in respect of an unauthorized transaction:

33.7.1. which arise after your notification to us; or

33.7.2. where we do not require Strong customer authentication; or

33.7.3. If we do not provide appropriate means for the notification at all times of a lost, stolen or misappropriated Card.

33.8. If our investigations show that any disputed transaction was authorized by you or you have acted fraudulently or with gross negligence, we may reverse any refund made and you will be liable for all losses we suffer in connection with the transaction, including, but not limited to, the cost of any investigation carried out by us in relation to the Transaction.

33.9. In certain circumstances, a transaction will be initiated but not fully completed. Where this happens, this may result in the value of the transaction being deducted from the Card balance and therefore unavailable for use – we refer to this as a “hanging authorization” or “block”. In these cases, you will need to contact our Customer Service team in accordance with Paragraph 11 and present relevant evidence to show that the Transaction has been cancelled or reversed.

33.10. If you recognise a Transaction but want to dispute it, we can help investigate transactions that took place in the last 90 days. In some cases, we can look into older transactions.

33.10.1. We shall repay the funds to you only when we have recovered them in compliance with the standards and regulations of MasterCard Worldwide international payment card organization. You shall cover all costs incurred by us through execution of your orders or investigation of your Transactions (including the cost of producing copies of invoices), except where the difference between the Transactions carried out, or the value thereof, and those presented in an Account Statement have originated through our fault.

VI. Affiliate program

34. Affiliate program conditions

34.1. Applying for our Services you agree to become a member of the affiliate program, including one of the Cashback programs, provided by our partner FINTECH ASSETS OÜ in accordance with Terms and Conditions of FINTECH ASSETS OÜ (further – Affiliate program).

34.2. Applying for our Services and using any our Services and Affiliate program you acknowledge that you have read and understood Terms and Conditions of FINTECH ASSETS OÜ, as well you confirm you agree to transmit your personal data to FINTECH ASSETS OÜ, as data controller, to the extent necessary to conclude and maintain an agreement with FINTECH ASSETS OÜ. Your rights as a date subject are described in Data Protection Policy of FINTECH ASSETS OÜ.

34.3. You can stop participating in the Affiliate program or part of itthe in accordance with Terms and Conditions of FINTECH ASSETS OÜ by sending us a confirmation via APP.

34.4. You can renew participation in one of the Cashback programs provided by our partner FINTECH ASSETS OÜ by sending us a confirmation via APP.

VII. Online Bill Payments

35.1. Terms of Service

35.1.1. Terms Used

Agreement - E-commerce payment services agreement concluded between the Merchant and Papaya Ltd, including the special provisions of the said agreement, the Terms, relevant annexes, additional agreements and other agreements, as well as amendments thereto.

Account - Merchant's current account opened with Papaya Ltd and specified in the Agreement for accumulation of Transaction funds received from Clients or withholding commissions.

Customer’s Account - The account of the Customer with Papaya Ltd, who performs the Transaction.

Customer - Merchant's customer (natural or legal person) who makes E-payment in the E-shop.

E-shop - The Merchant's website specified in the Agreement, where the goods and/or services are traded and through which the Customer can make a payment.

Merchant - a person who conducts business in the E-shop and has entered into an Agreement with Papaya Ltd.

Papaya Ltd - Papaya Ltd, is licensed by the Malta Financial Services Authority as an Electronic Money Institution (EMI) Registration number C55146. Registered per address 31 Sliema Road, Gzira, GZR 1637 – Malta.

Secret Key - (confidential) a unique combination of numbers known only to the holder to verify the authenticity of data communication / transaction messages (responses and requests).

Service - the technical solution of the online Bill payment service in the E-shop, observing the functionalities and types of payments specified in the Agreement.

Specification - Technical documentation of the service description (including functional aspects and technical interface) for the integration of e-commerce payment services in the E-shop.

Regulations - these Online Bill Payments Services Terms.

The deal - A purchase or sale transaction between the Customer and the Merchant that complies with the requirements of Papaya Ltd, so that the Customer makes a payment in the E-shop.

Transaction Notice - data communication (request or response), which is electronically stored information in the framework of Bill payment services, regardless of whether the response is positive or negative and whether or not the response has been received.

35.1.2. General provisions

2.1. Within the framework of Bills payment services, Papaya Ltd ensures the processing and management of transactions performed by the Customer, observing the payment methods selected by the Merchant in accordance with the Agreement.

2.2. The Service is provided in accordance with the Agreement and the Regulations. In addition to the legal relations of the parties, the General Terms and Conditions, the Credit Transfer Terms and Conditions, the Price List and other applicable terms and conditions of Papaya Ltd’s services apply.

2.3. The Merchant is obliged to comply with the Regulations, the Specification (which is the integral part of these Regulations), as well as other instructions issued by Papaya Ltd in connection with the acceptance of E-payments in the E-shop, including instructions related to other services provided by Papaya Ltd in accordance with the Agreement.

2.4. The conclusion of the Agreement does not mean that any property rights or intellectual property rights to the Service or the solution provided in the Service are transferred to the Merchant in whole or in part.

35.1.3. Conclusion of the Agreement

3.1. At the time of concluding the Agreement or during its validity, Papaya Ltd requests the Merchant to maintain an active IBAN account with Papaya Ltd in accordance with BlackCatCard Terms and Conditions.

3.2. Papaya Ltd ensures the availability of the Service, taking into account the information provided by the Merchant in the Service application form submitted to Papaya Ltd before concluding the Agreement.

3.3. The Merchant shall notify Papaya Ltd in writing of any changes in the information specified and requested in accordance with the Agreement or in the application at least 7 (seven) business days in advance. The Merchant shall provide information related to the Agreement within five business days upon the request of Papaya Ltd.

35.1.4. Safety and technical requirements

4.1. For the e-shop, the Merchant uses an SSL security certificate that complies with the requirements of the SSL protocol and is issued by a recognized certificate issuer. The Merchant uses the SSL (Secure Sockets Layer) data transmission protocol (at least 128 bits) to receive and transmit transaction data over the Internet. 

4.2. In preparing Transaction Notices and other data reports, the parties will comply with the Specification (Annex 1).

4.3. The Parties shall not disclose to third parties the Secret Key and passwords issued by Papaya Ltd. If a Party becomes aware or suspects that access data or other access-related information (including a Secret Key) has become or may become available to unauthorized third parties, the Party concerned or its designated representative shall promptly notify the other Party. In addition, the notifying party undertakes not to use the relevant Secret Key until the respective agreement of the parties on the sending and receiving of Transactions has been reached. In the event when the Secret Key and/or passwords were compromised, the Party that is responsible for it, shall be held fully liable for any direct or indirect consequences of such compromise and shall indemnify the other Party of any liability, including the liability to the third parties. 

35.1.5. Provision and availability of the Service

5.1. To provide the Service, Papaya Ltd may at its own discretion engage a Technical Partner/-s without the separate consent of the Merchant.

5.2. The Merchant shall ensure the integration of the E-shop software with the appropriate software for E-payment processing promptly, using its resources and at its own expense, so that Merchant can perform transactions in the E-shop.

5.3. The Merchant has the right to engage another company (also called a "subcontractor") to carry out the activities referred to. In such a case, the Merchant shall ensure that its subcontractor complies with all obligations assumed by the Merchant under the Agreement to the same extent as the Merchant itself. The Merchant shall be held fully liable for any actions of such subcontractor.  

5.4. Papaya Ltd. reserves the right to interrupt the Service in the event of scheduled operational maintenance, updates and unplanned interruptions. The Service is considered available if it is possible to receive a Transaction Notice (request and response) within the Service.

5.5. Papaya Ltd reserves the right to suspend the provision of the Service for a limited time due to planned maintenance and updates. As far as possible, Papaya Ltd performs such work at night.

5.6. Depending on the circumstances, Papaya Ltd has the right to initiate an extraordinary interruption to perform the necessary maintenance and improvement work without prior notice to prevent threats to system security or significant losses.

5.7. Papaya Ltd starts the investigation of unplanned interruptions from the moment when the unavailability of the Service is noticed.

5.8. During the performance of maintenance works and improvements, as well as interruptions mentioned in the clauses 5.4 to 5.6 above, the fulfilment of Papaya Ltd’s obligations arising from the Agreement will be suspended. Papaya Ltd. cannot be held liable to such suspensions, provided all the provisions mentioned in the clauses 5.4 to 5.6 are fulfilled. 

5.9. Papaya Ltd has the right to make a unilateral decision to immediately terminate the provision of the Services in whole or in part, notifying the Merchant thereof, if:

(a) the Merchant has not provided sufficient funds in its accounts for more than 30 days to cover Papaya Ltd commission fee for the Services and other Papaya Ltd services and products (including payments for Transactions) and has not remedied the violation by the deadline specified by Papaya Ltd;

(b) the Merchant allows third parties (including its subsidiaries) to use the Services without the prior written permission of Papaya Ltd;

(c) any sensitive data becomes available and/or otherwise disclosed to unauthorised persons;

(d) there is a risk or reasonable doubt that the Services in the E-shop will be misused or abused;

(e) the Merchant violates or fails to perform the obligations arising from the Agreement or other documents specified in Section 2 of these Terms;

(f) in the opinion of Papaya Ltd, the Merchant's business in the E-shop does not comply with or does not comply with the applicable national or EU regulations;

(g) Papaya Ltd becomes aware that the Merchant does not have a license, authorization, permit and/or registration required by law, including if such license, authorization, permit or registration has expired or has been revoked during the term of the Agreement;

(h) other reasons are arising from Papaya Ltd's General Terms and Conditions, applicable laws and regulations, or the parties’ agreement.

5.10. Upon violation of the provisions of the Agreement (including these Regulation), the Specifications, Papaya Ltd has the right to suspend the E-payment in the E-shop, as well as to suspend all payments for Transactions. 

5.11. In the event when the Service is suspended and the Merchant eliminates the reason for the suspension, Papaya Ltd shall renew the respective Service within seven (7) days from the day when Papaya Ltd can verify that the discrepancies have been remedied upon receipt of a written notice from the Merchant.

35.1.6. Transactions

6.1. Papaya Ltd, upon the Merchant’s request, initiate and prefill with the Merchant details and transaction description E-payment in the BlackCatCard Online Banking. In case if Customer at the moment of the transaction is not logged in to the BlackCatCard Online Banking, he will be requested to login using his credentials in the E-shop that are specified in the special provisions of the Agreement.

6.2. The Merchant accepts E-payments that are valid as a non-cash means of payment for goods/services at prices that are not higher than the prices set for other types of payments in the respective E-shop at the time of the Transaction.

6.3. When processing a Transaction, the Merchant shall indicate the Transaction amount in the E-shop in the acceptable currency specified in the Agreement.

6.4. Upon completion of the E-Payment Transaction, Papaya Ltd undertakes to provide to the Merchant the following information: the reference number of each Transaction the Transaction amount.

6.5. Parties agreed that the transaction, after the appropriate confirmation from the Customer’s side, will become the subject of current Papaya Ltd AML monitoring. Papaya Ltd. shall reserve the right to refuse any transaction if it does not comply with internal AML policy and other risk control procedures that Papaya Ltd apply. Before the final decision the status of the transaction will be Pending, which is NOT a transaction confirmation.

6.6. Merchant may conduct transactions only in currencies available on the Customer’s accounts. In case if the requested currency is not functional at the Customer’s account and/or available Balance of the Customer’s account is lower than Online Bill payment Amount, Papaya Ltd will reject the transaction.

35.1.7. Rights and Obligations of the Parties

7.1. At the request of the Merchant, Papaya Ltd itself or through the Technical Partner provides the Merchant with consultations on the service (including acceptance of E-payment in the E-shop). Papaya Ltd has the right to charge a fee for such consultations by prior agreement with the Merchant.

7.2. Papaya Ltd has the right to publish or make available information about E-shops (electronic address of the respective E-shop, name of the E-shop) that accept E-payments. 

7.3. To the extent necessary, the Merchant shall duly inform the employees, responsible for the performance of the Agreement, about the provisions of the Agreement and all documents specified in Section 2 of the Terms, as well as any changes to it.

7.4. The Merchant shall immediately inform Papaya Ltd about any activities with the E–payments that give rise to a suspicion that the respective activities may be directly or indirectly related to a criminal offence or an attempt to commit it.

7.5. The Merchant may not disclose to third parties any information related to the special provisions of the Agreement and the Customers.

7.6. The Merchant is prohibited from offering goods/services in the E-shop for which there is no written agreement with Papaya Ltd. 

7.7. The Merchant is prohibited from accumulating and/or disclosing to third parties any information about the Transactions and related information (including data about the Cardholder, Card number, Card validity period), as well as any other information related to the Customer’s transactions. The said obligations of the Merchant shall remain in force indefinitely even after the termination or expiry of the Agreement.

7.8. The Merchant is not entitled to transfer all or part of its rights (or obligations) under the Agreement to another party.

35.1.8. Applicable Fees and Settlements

8.1. The Merchant pays commissions and other fees for services related to acceptance of E-payments in the E-shop for each transaction in accordance with tariffs, as a percentage of the amount of each transaction.

8.2. Papaya Ltd has the right to deduct fees from the respective Account following the Agreement without the additional consent of the Merchant. If there are insufficient funds in the Account, Papaya Ltd has the right to deduct the commission fee from any other Merchant's accounts with Papaya Ltd or suspend the provisions of the Services as provided in these Regulations.

8.3. If the Agreement is terminated within one month, Papaya Ltd shall not refund the fixed commissions paid by the Merchant, regardless of which party ends the Agreement or the basis for such termination.

8.4. Agreement termination does not terminate Merchant relationship with Papaya Ltd, if not stated otherwise, and all obligations related to these Regulations and other applicable Terms and Conditions of the Papaya Ltd products should be preserved as binding to the Merchant. 

8.5. Papaya Ltd shall deduct the following fees for the Service from the Account, and the Merchant shall ensure the availability of the specified amount in the Account:

8.5.1. Transaction Fees calculated for Transactions, unless otherwise agreed by the parties;

8.5.2. the calculated fees shall be deducted within each transaction execution. 

35.1.9. Liability

9.1. Under the laws and regulations of the Republic of Malta, the parties are mutually liable for full or partial non-performance or incomplete performance of the Agreement if caused by negligence or negligence, willful misconduct or omission of the parties, its employees, subcontractors or specialists.

9.2. In the case of E-payments, Papaya Ltd provides a technical solution for e-payments. Papaya Ltd is not responsible for payments between the Customer or service provider and the Merchant.

9.3. Papaya Ltd is not responsible for interruptions or unavailability of the Service if they are based on circumstances beyond Papaya Ltd's control. Such cases include, but are not limited to, failures and/or computer viruses in the Merchant's system, third party IT solutions or data communications, failures or disruptions due to the quality of Internet and telecommunications services, force majeure, etc.

9.4. The Merchant shall fully reimburse all losses incurred by Papaya Ltd and third parties due to the Merchant's failure to comply with the Agreement or other binding requirements specified in Section 2 of the Regulations.

9.5. The Merchant is responsible for all errors made by its employees and its subcontractors in accepting E-payments and processing the Transaction data.

9.6. The Merchant shall be liable for losses (including, but not limited to, amounts paid by Papaya Ltd on behalf of the Customer for goods/services) incurred by Papaya Ltd if the Merchant has disclosed information about the Transaction or related information (including the Customer Data) to any third party or has fraudulently used information in its possession.

9.7. The Merchant assumes financial responsibility for all amounts for which the E-Payment is accepted as a means of payment for commercial activities performed by third parties, i.e., for sums related to goods sold and/or services provided, as well as fines calculated by any supervision organisation.

9.8. The Merchant is responsible for accepting the E-Payment for illegal purposes, including Transactions with the processing of goods or services that are prohibited following the applicable laws and regulations of the Republic of Malta and/or the European Union.

9.9. Termination of this Agreement shall not affect the collection or performance of any claims arising before the termination of this Agreement.

9.10. Papaya Ltd shall not be liable for loss of revenue or other losses, as well as losses incurred by the Merchant in connection with the suspension of the Service or termination of the Agreement, regardless of the reason for such suspension or termination.

35.1.10. Agreement and Final Terms

10.1. This Agreement shall enter into force on the date it is signed by both parties and shall remain in power indefinitely.

10.2. Each party has the right to terminate the Agreement unilaterally by notifying the other party at least 30 (thirty) days in advance, provided that all outstanding financial obligations between the Parties are duly settled.

10.3. Papaya Ltd has the right to terminate the Agreement unilaterally under the procedure specified in Papaya Ltd’s General Terms and Conditions.

10.4. Papaya Ltd has the right to unilaterally terminate the Agreement without notifying the Merchant in writing if:

(a) the Merchant fails to comply with these Regulations and/or Agreement or violates its terms;

(b) Transactions in the E-shop have not been performed for at least 2 (two) consecutive months;

(c) the Merchant has submitted false and/or incomplete information to Papaya Ltd;

(d) any supervising organization requests the termination of the Agreement and/or business relations with the Merchant;

(e) the Merchant fails to comply with its obligation to cooperate in the event of security breaches specified in the Agreement (including E-Payment acceptance requirements), or the Merchant has not implemented the necessary security measures;

(f) Papaya Ltd has suspended the provision of the Services under the Terms of Service for more than two (2) months.

10.5. In the cases referred to in 10.4. and its sub-paragraphs, these Regulations and/or Agreement shall be deemed terminated without further agreement. The Parties hereby agree that if these Regulations and/or Agreement is terminated based on any provision of the clause 10.4, the Merchant waives the right to submit any claim against Papaya Ltd and shall indemnify Papaya Ltd from any claims in this respect, including the claims from any third parties. 

10.6. All amendments, additions or annexes to these Regulations shall be considered an integral part of the Agreement and shall be binding on the parties from the moment of their signing.

10.7. Papaya Ltd has the right to amend these Regulations unilaterally in accordance with the procedure specified in Papaya Ltd's General Terms and Conditions.

10.8. The laws in force in the Republic of Malta shall apply to the Agreement. All disputes between Papaya Ltd and the Merchant shall be resolved following Papaya Ltd's General Terms and Conditions.

35.1.11. ONLINE BILL PAYMENT SPECIFICATION

ABSTRACT

Forts customer’s legal companies, Papaya Ltd offers bill payment mechanisms. This mechanism allows one Papaya Ltd customer to pay another Papaya Ltd customer when the payment recipient initiates this payment, forwarding to the Papaya Ltd data necessary for the payment initiation.

The mechanism works in web applications and involves Papaya Ltd Online Banking system for payer identification and payment confirmation.

The mechanism is suited to all merchants who would like to decrease the expenses for acquiring and using the Black Cat Card users as their clients.

GLOSSARY

Payer – Papaya Ltd product user (like Black Cat Card), who intends to use their account in Papaya ltd, to make payment to the Merchant.

Merchant – Papaya Ltd client, who has an active account with Papaya Ltd, receives the Payer payments.

Account – IBAN account of the Payer or/and Merchant within Papaya Ltd.

MECHANISM DESCRIPTION

Within the Web solution of the Merchant Payer, select or input the payment amount, which he is intended to wire to the Merchant. Merchant initiates the forward of the Payer to the Papaya Ltd online banking page with the following parameters:

· Unique for the Merchant id of the payment (should be created and saved by the merchant for processing result check)

· Amount of the payment (selected or inputted by the Payer)

· Currency of the payment (currently only EUR)

· Merchant Account (IBAN of Merchant account within Papaya Ltd)

· Description of the payment (please start it with the Unique Merchant Id and then a meaningful description of the transaction)

· URL, where the Payer should be returned to.

Payer will see the first login page of Papaya Ltd.The payer should use his current login credentials to enter into the Papaya Ltd online banking system and, after the successful login, will see the prepared for signing internal transfer.

If Payer has more than one account, then he will be able to select the account from which we would like to pay to the Merchant. Merchant Beneficiary name will be presented from the Papaya Ltd database, corresponding to the name of the Merchant’s account. The system will fill in all other fields from the data Merchant forward to Papaya Ltd.

Then Customer signs the payment as usual, and he will be offered to be returned to the Merchant web application. Papaya Ltd will use the URL mentioned in the initial request.

PAYMENT STATUSES

Considering that following the AML laws, all payments are automatically monitored within Papaya Ltd, for some payments, the final status may not be available when Payer was forwarded back to the Merchant website. The system of Papaya Ltd will return one of the three payment statuses:

· Pending – payment still in processing

· Executed – payment successfully executed

· Rejected – payment rejected by the Papaya Ltd

For the payment status update Papaya Ltd offer two mechanisms:

· Current payment status return with the Payer forward to the Merchant mentioned URL, after payment acceptance

· Merchant notification by Papaya Ltd about the payment status change.

The unique identificators will use two IDs - Unique for the Merchant id of the payment and Payment ID from the Papaya Ltd payment system.

TECHNICAL DESCRIPTION

To initiate forward to Papaya Ltd online banking page should be used the following link:

{
"iss": "blackcatcard", "iat": 1640872093, "exp": 1672408093, "aud": "https://desktopbank.blackcatcard.com", "sub": "MT67PAPY00000000000000000000000", "Iban": "MT67PAPY00000000000000000000000", "Currency": "EUR", "Amount": "10.85", "Comment": "11567, Payment for top up", "idTransaction": "11567", "callbackURL": "www.somecallbackurl.com"
}

Key for example – “5bba300a-cc3e-4617-8e59-01816c09084e”

Security complexity – HS256

Final sign JWT

eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJpc3MiOiJibGFja2NhdGNhcmQiLCJpYXQiOjE2NDA4NzIwOTMsImV4cCI6MTY3MjQwODA5MywiYXVkIjoiaHR0cHM6Ly9kZXNrdG9wYmFuay5ibGFja2NhdGNhcmQuY29tIiwic3ViIjoiTVQ2N1BBUFkwMDAwMDAwMDAwMDAwMDAwMDAwMDAwMCIsIkliYW4iOiJNVDY3UEFQWTAwMDAwMDAwMDAwMDAwMDAwMDAwMDAwIiwiQ3VycmVuY3kiOiJFVVIiLCJBbW91bnQiOiIxMC44NSIsIkNvbW1lbnQiOiIxMTU2NywgUGF5bWVudCBmb3IgdG9wIHVwIiwiaWRUcmFuc2FjdGlvbiI6IjExNTY3IiwiY2FsbGJhY2tVUkwiOiJ3d3cuc29tZWNhbGxiYWNrdXJsLmNvbSJ9.pFg2ftgdEf0B3h21Sy4-EC6cXdjOveA6SACt0TTkTB8

The final link will be:

https://desktopbank.blackcatcard.com/integrations?token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJpc3MiOiJibGFja2NhdGNhcmQiLCJpYXQiOjE2NDA4NzIwOTMsImV4cCI6MTY3MjQwODA5MywiYXVkIjoiaHR0cHM6Ly9kZXNrdG9wYmFuay5ibGFja2NhdGNhcmQuY29tIiwic3ViIjoiTVQ2N1BBUFkwMDAwMDAwMDAwMDAwMDAwMDAwMDAwMCIsIkliYW4iOiJNVDY3UEFQWTAwMDAwMDAwMDAwMDAwMDAwMDAwMDAwIiwiQ3VycmVuY3kiOiJFVVIiLCJBbW91bnQiOiIxMC44NSIsIkNvbW1lbnQiOiIxMTU2NywgUGF5bWVudCBmb3IgdG9wIHVwIiwiaWRUcmFuc2FjdGlvbiI6IjExNTY3IiwiY2FsbGJhY2tVUkwiOiJ3d3cuc29tZWNhbGxiYWNrdXJsLmNvbSJ9.pFg2ftgdEf0B3h21Sy4-EC6cXdjOveA6SACt0TTkTB8

Where,

IBAN – IBAN format of the Merchant account

currency – ISO 4217 3 letter code. Now available only EUR

amount – the amount of the transaction

comment – transaction description

idTransaction - Unique for the Merchant id of the payment

callbackUrl - URL, where the Payer should be returned to 

An example of a request to the marketplace with a notification of the transaction result

=========================================
curl --request POST \  
--url CALLBACK_URL \  
--header 'Content-Type: application / json' \  
--data '{
"PaymentToken": "eyJhbGciOiJIUzUxMiIsInR5cCI6IkpXVCJ9.eyJkYXRhIjp7ImV4dGVybmFsUmVmZXJlbmNlIjoiZmFmZGM5NzQtOGM0OC00MmM3LWIzYmQtYWI1Mjg2MGRiZDhjIiwicmVmZXJlbmNlIjoiODc4ZGU5YmUtNTU2Ny00ODQ3LTg1MzAtOTZmMmZmZDUzYzhiIiwiYW1vdW50IjoiMC4wOSIsImN1cnJlbmN5IjoiRVVSIiwic3RhdHVzIjoiQVBQUk9WRUQifSwiZXhwIjoxNjQwMDkwMDQwLCJpYXQiOjE2NDAwOTAwMDl9.u8JXBWWUsC2J5mwMvL70rXefdKQ5LudfM8WFEwTi4gPpoRVpKTXlmBmmGonRtjqlLboC9RutGcvf-QR_LnfDgg"  
} '
============================================ 

Where CALLBACK_URL is the address of the marketplace service that receives the result of the transaction

paymentToken - JWT-token signed with a pre-agreed secret, in this example the secret "5bba300a-cc3e-4617-8e59-01816c09084e" was used

in turn, its payload contains: 

{  
"data": {
"externalReference": "fafdc974-8c48-42c7-b3bd-ab52860dbd8c",
"reference": "878de9be-5567-4847-8530-96f2ffd53c8b",
"amount": "0.09",
"currency": "EUR",
"status": "APPROVED"  },  
"exp": 1640090040,  
"iat": 1640090009} 

Where:

"externalReference": - a string containing a unique identifier of the transaction at the marketplace.
"reference": - a string containing a unique identifier of the transaction at the bank
"amount": "0.09", - the amount of the transaction
"currency": "EUR", - transaction currency
"status": "APPROVED" - transaction status (APPROVED / REJECTED) 

Upon confirmation, you must make sure that the signature is correct, the reasonable validity period of the token, then check that the unique identifiers match the amount and currency.

If the above parameters are successfully checked, you can trust the status.

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