Terms and Conditions

eWallet aims to revolutionize payments allowing the whole society to have access to digitally control their finances; manage, save, pay anyone, from anywhere, at anytime in a secure way

 

 

 

 

PLEASE READ THIS “AGREEMENT” (AS DEFINED BELOW) CAREFULLY BEFORE USING THE “eWallet SERVICE” (AS DEFINED BELOW). BY ACCESSING OR USING THE eWallet SERVICE, YOU SIGNIFY YOUR CONSENT TO THIS AGREEMENT. IF YOU DO NOT AGREE WITH ANY OF THE TERMS AND CONDITIONS OF THIS AGREEMENT, DO NOT USE THE eWallet SERVICE. “DFS” (AS DEFINED BELOW) RESERVES THE RIGHT, TO MODIFY OR UPDATE THIS AGREEMENT FROM TIME TO TIME AS IT DEEMS FIT WHICH MODIFICATIONS OR UPDATES SHALL AUTOMATICALLY BE BINDING ON YOU UPON PUBLICATION AT HTTP://EWALLET.AE. YOU ACKNOWLEDGE THAT IT IS YOUR RESPONSIBILITY TO CHECK REGULARLY FOR UPDATES TO THE TERMS AND CONDITIONS OF THIS AGREEMENT AT THE ABOVE SITE, AND TO IMMEDIATELY DISCONTINUE USE OF THE eWallet SERVICE, IF YOU DO NOT AGREE TO ANY UPDATE OR MODIFICATION TO THIS AGREEMENT. YOUR CONTINUED USE OF THE eWallet SERVICE FOLLOWING THE PUBLICATION OF A MODIFIED OR UPDATED AGREEMENT, AS DESCRIBED ABOVE, SHALL SIGNIFY YOUR CONSENT AND AGREEMENT TO THE MODIFIED OR UPDATED AGREEMENT, EFFECTIVE AT THE DATE OF PUBLICATION. IF YOU ARE ACCESSING OR USING THE eWallet SERVICE ON BEHALF OF A CORPORATE ENTITY, YOU HEREBY REPRESENT AND WARRANT TO DFS THAT YOU HAVE THE AUTHORITY TO BIND THAT CORPORATE ENTITY, AND THAT YOU AGREE TO THE TERMS AND CONDITIONS OF THIS AGREEMENT ON BEHALF OF THAT CORPORATE ENTITY.

1.Terms and conditions

These terms and conditions (the “eWallet Terms and Conditions”) govern the provision of the eWallet Service by DFS to the individual accessing or using the eWallet Service or, if the individual is accessing or using the eWallet Service on behalf of a corporate entity, to that corporate entity (such individual or corporate entity, “You”, “Your”), together with the other constituent parts of the Agreement between DFS and You, as described below.  

2.  Definitions

The following capitalized terms shall have the respective ascribed meanings in this Agreement:

3. Service description (other than International Money Remittance Services)

4. International Money Remittance Services

5.  Age restrictions  

Certain features, functionalities and/or facilities within the Service will only be made available and can be used by Customers over the age of 16, as will be set out in the Service Application Form that you will be required to complete to access such facilities. You hereby represent and warrant that You have provided true information about Your age and that You will not knowingly use any part of the Service which is not open for use by Customers of Your age.

6. Commencement and Application Process

7. Liability

8. Representation and Warranties

9. Customer's Obligations

You undertake to:

10. DFS’s Obligations

11. Data Collection & Protection Policy

12.  Charges

Charges payable for the execution of each Transaction will be deducted from your Account on successful completion of each Transaction. The typical Charges that will be levied for Transactions can be found on the Digital Channels, and may be updated from time to time by DFS without notice, including as a result of changes to the Customer Charges and Fees tariff established by the UAE Central Bank from time to time. You will be advised of the Charges which will apply to a Transaction You request before the Transaction is completed and given an opportunity to cancel it if you do not agree with such Charges. However, DFS shall not reimburse You for any Charges which You have accepted, except where a Transaction is reversed in the circumstances described in clauses 9.3 and/or 9.4 above. You may check the balance on your Account at any time using any then-available interfaces on the Digital Channels.

13.  License and Right to Use  

14.  Assignment

The Service is provided exclusively for the registered Customer; accordingly, the Customer may not assign or transfer this Agreement to any third party. DFS may assign, novate and/or unilaterally transfer the Agreement to an Affiliate or to any successor company (whether by merger, consolidation or otherwise) without the prior written consent of the Customer, upon written notification. /p>

15. Termination and Discontinuation

16. Waiver

17.  Governing Laws & Dispute Resolution

18.  Waiver of Interest

The parties acknowledge and agree that the principle of the payment of interest is repugnant to Shari’ah law and accordingly, to the extent that any legal system would impose (whether by contract, statute or court order) any obligation to pay interest, the parties hereby, irrevocably and unconditionally, expressly waive and reject any entitlement to recover interest from each other.