UPI Sample Clauses
The UPI (Unified Payments Interface) clause defines the terms and conditions governing the use of UPI as a payment method within the agreement. It typically outlines the responsibilities of both parties regarding UPI transactions, such as ensuring correct account details, authorizing payments, and addressing failed or disputed transactions. By specifying these procedures, the clause ensures secure, efficient, and traceable electronic payments, reducing the risk of payment errors and disputes.
UPI i. In this mode of payment, the end user will select the service and the person in the counter will proceed with the selection in the cart and a dynamic QR code corresponding to the respective amount will be shown in the display of the POS machine. Once it is shown the end user shall scan the QR code in his/her UPI app and the same amount will be reflected in the particular UPI application. As soon as the transaction is successfully made a correspondence for the transaction will reflect in POS machine. After that the same correspondence will reach the billing software and the counter staff will be able to print a receipt for the service availed.
UPI. Access to Your Account You are responsible for maintaining the secrecy of the login credentials to your SlicePay account. You agree to establish reasonable security procedures and controls to limit access to your password or other identifying information to authorized individuals, which includes choosing passwords and other credentials in a manner that will protect the security of your information. Your credentials include your username and password to your SlicePay account and to any third party account you have used to login to your SlicePay account. You are also responsible for maintaining the accuracy of the information in your SlicePay account.
UPI. Out of total UPI Allottees (Debit execution file), How many records were processed successfully? Count: No of shares: Amount:
UPI. Slice reserves the right to levy additional charges based on the method of Payment chosen by You. Such charges will be intimated to you prior to You making the Payment transaction. The Portal and Slice will not be responsible for any failure in the link or for any fraud (either at the payment gateway’s end and/or the bank’s end) or failure of telecommunication network, that could take place at the time of making payment. You confirm that the money used for any payments is from legitimate sources only and the transactions executed by You are not for the purpose of contravention and/or evasion of any act, rules , regulations, notifications or directions issued by a regulatory authority in India.