Terms

Updated on July 11, 2021

MAMO – BUSINESS SERVICES TERMS AND CONDITIONS
IMPORTANT - YOU MUST READ AND ACCEPT THESE TERMS TO USE OUR BUSINESS SERVICES

Introduction

If you accept these terms and conditions and your application to use our Business Services is accepted, you will be entering into a legal agreement with us, on these terms.

These services and terms are for businesses in the UAE selling goods and services to customers. Your business is referred to as “you”, “your” etc. and “Business”.

Mamo is Mamo ME DMCC (trading as Mamo) a company registered in Dubai in the Dubai Multi Commodities Centre, having its address at Nook Co-working Space, One JLT, Jumeirah Lake Towers.

If we accept your application, a Mamo Account will be created for you and you will be able to access the requested Business Services. The Business Services are subject to this agreement, which includes this Introduction, the Mamo Business Service Descriptions and the General Terms which follow. You should read the whole of this agreement carefully before submitting your application and you need to accept the terms of this agreement before we can process your application. This agreement, together with your online application form creates the binding contract between you and Mamo. This agreement will come into effect only from the date on which Mamo issues you a written confirmation and welcome email following the successful completion of Mamo’s Business onboarding processes.

Capitalised terms used are defined in the General Terms section below or where they first appear.

Business Declaration

We, the Business accepting this agreement, recognise that the provision of false or misleading information to Mamo may give rise to legal action, potentially of a civil or criminal nature.

We certify that the information we have provided in our online application form accompanying this agreement is correct, true and accurate.

We certify that the individual who has submitted his or her name on the application form is the individual who is accepting this agreement on behalf of the Business and he or she undertakes that he or she has all necessary power and authority to enter into this agreement on behalf of the Business and recognises that he or she may also be subject to legal action in a personal capacity if he or she purports to bind the Business without such authority.

MAMO BUSINESS SERVICE DESCRIPTIONS

Payment Acceptance Services

Our Payment Acceptance Service enables you to receive Customer payments via debit and credit cards, and potentially via Mamo Wallet, using a URL we enable for you. You can use the URL in your communications with Customers (such as email, SMS, WhatsApp etc.). Your URL remains consistent, giving you a straightforward and easy way of enabling Customers to make payments to you.

When your Customer attempts to complete a transaction by clicking on your URL, Mamo will establish a connection between the Customer and a third-party payment gateway. When the transaction completes, you will be able to see information relating to the transaction via your Mamo Dashboard.

You do not receive payment immediately. Mamo will receive the funds, then subsequently settle amounts received to your account, minus applicable charges – please see further details below. Your Mamo Dashboard will show the amounts we have received, and the amounts we have settled to you.

You are responsible for all content and information on your website and other online platforms. Although Mamo helps to facilitate the payment and settles the funds to you, any contract for sale of your goods and services is between you and your Customers. You must ensure that you provide all necessary information to your Customers and comply with all Applicable Laws.

If you experience any difficulties, concerns or issues with the services you can contact us at business@mamopay.com.

  1. Settlement Period

    Mamo operates a daily settlement cycle (excluding days when banks are closed for business in the UAE) for Customer payments. The settlement cycle typically operates over a seven business-day timeframe so that Customer payments processed on day 1, for example, are settled to the Business on day 8 and payments processed on day 2, are settled on day 9, and so on.

    Mamo does not guarantee settlement of Transactions within seven business days. Factors such as public holidays, bank non-working days, interruptions in the financial systems and supplier delays may result in slower settlement.
  2. Payment Acceptance Process

    2.1
         If the Business is accepted by Mamo and onboarded for the Payment Acceptance Services, Mamo shall provide the Business with a Payment Link, which the Business may use with its online media accounts or otherwise provide to its Customers via its business communication channels.

    2.2     The Business may use the Payment Link to enable Customers to conclude Transactions and to enable Mamo to receive Purchase Amounts into the Holding Account. The Payment Link will enable Customers to pay using certain credit cards and debit cards or potentially their own Mamo Wallet. The Customer payment goes to Mamo first, not directly to the Business.

    2.3      After a Customer initiates a Transaction, Mamo will attempt to process the Transaction, using its third-party payment gateway provider solutions. When a Transaction is successfully processed, Mamo will then send an email to the Business confirming: (a) the reference number for the Transaction (b) the value of the Transaction (c) the applicable Transaction Fee (including applicable Tax); and (d) the date of the Transaction. Any other information which Mamo is required to provide under Applicable Laws will also be provided. The information described above is referred to as the “Transaction Information”. The Transaction Information will also be shown on your Mamo Dashboard.

    2.4     The Mamo Sites enable the Business to access its Mamo Dashboard and view the Transaction Information history and manage its Mamo Account.

    2.5      Mamo will process Transactions in accordance with its Policies and may require in certain Transactions that the Customer completes additional verification steps, such as the submission of a 3D Secure confirmation code sent to the Customer.

    2.6     Mamo will conduct a periodic reconciliation of funds held in the Holding Account in accordance with clause 8 of the Mamo Business Services Terms and Conditions and make settlements to you. We will only make settlements if the net amount due to you exceeds AED 100. If the settlement balance is below AED 100, the settlement will be made once the balance exceeds AED 100. We may change this threshold amount from time to time either by amending this agreement in accordance with the General Terms or by notice to you specifically, if your Transaction activity (such as your rate of Chargebacks or the value of your Transactions) is, in Mamo’s reasonable opinion, exposing Mamo to unacceptable financial risk.

    2.7     If the Business believes any Transaction Information is incorrect, the Business must notify Mamo by emailing business@mamopay.com as soon as possible. Mamo is not responsible for the consequences of any inaccurate Transaction Information if the Business has failed to provide prompt notice of error.
  3. Mamo Fees

    Mamo charges a fee for processing Transactions (Transaction Fee).

    The applicable Transaction Fee and any other charges (such as where charges are imposed by other parties
    involved in the payment supply chain which Mamo passes on to the Business) are detailed from time to time on the Mamo Fee Schedule, which is set out on the Mamo Sites.

    We may change our fees in accordance with clause 9 of the General Terms.
  4. Customer Transactions and Refunds

    Mamo is not responsible for your dealings with your Customers. All sales you enter into using our Services are between you and your Customer. You must ensure you comply in all respects with all Applicable Laws relating to such transactions.

    If you elect to or are required to provide a refund to any Customer, you are responsible for doing so and for arranging the appropriate payment to be made. You are not entitled to any payment or support from Mamo in relation to refunds or any refund of the applicable Transaction Fee and Taxes payable to Mamo with respect to the initial Transaction.

    You must ensure that you comply with any legal and contractual requirements in relation to refunds and terms of sale generally.
  5. Chargebacks

    If a Customer raises a Chargeback request (a request for the card issuing bank to reverse the transaction) it will be communicated to Mamo. Mamo has no involvement in the relationship between you and your Customer and no ability to determine whether the Customer’s request for a Chargeback is legitimate or not, however if the Chargeback is approved then Mamo will be debited by and liable to the relevant third parties.

    Mamo will tell you if it receives a Chargeback request for any of your transactions. You must respond very promptly – within 24 hours - if you wish to dispute the Chargeback. If you do not, the Chargeback will not be challenged, and you will need to reimburse Mamo for the cost of the Chargeback. You are also responsible for all your own costs associated with disputing any Chargebacks.

    Further detail is contained in the General Terms. Please read this carefully to ensure you understand.
  6. Mamo Transaction reversals

    Mamo has business processes aimed at identifying fraudulent activities and other misuse of its services. Accordingly, Mamo is entitled to suspend, refuse or reverse any Transaction which it reasonably suspects does not comply with this agreement or is unlawful or represents a risk to Mamo (“Bad Transaction”). Mamo may require the Business to provide evidence that the Business has delivered the goods or services in question under a Transaction and you must provide any such evidence promptly. Mamo has no obligation to process a Transaction where requested evidence has not been provided. Mamo shall not be liable to the Business for any losses or damage of any nature as a result of Mamo refusing or reversing a Bad Transaction.
  7. Account Deficit

    As described above, Mamo may be directly liable to third parties involved in the payments industry if Transactions are Charged-back or reversed. Mamo is entitled to recover all such amounts from the Business. Mamo may set off any such amount against amounts of the Business in the Holding Account which have not been settled. If there is not a sufficient balance of the Business in the Holding Account to satisfy such debt, Mamo shall be entitled to recover such amount from the Business as a debt and the Business hereby irrevocably authorises Mamo to debit any payment card or Mamo Wallet that is associated with the Business’ Mamo Account from time to time (in addition to any other means available to Mamo under law to recover such debt).

GENERAL TERMS

  1. Defined Terms

    1.1     
    The capitalised terms used in the agreement have the meaning indicated in the Schedule (Definitions), wherever they appear capitalised in the agreement, unless the context requires otherwise or they are defined when first used.
  2. General – Availability and Eligibility for Services

    2.1     
    This agreement sets out the terms on which Mamo enables you to use the Services.

    2.2
        If your Application Form is accepted then a Mamo Account will be created for you based on the information you have provided to us. It is your responsibility to ensure that the information you have provided in the Application Form remains correct and you must update Mamo with Your new details without delay upon any change.

    2.3     To access our information dashboard and manage your Mamo Account you will need to log-in via the Mamo Sites.  

    2.4     Mamo may also require you to answer several security questions or select other issued security access keys or credentials to enable access to your Mamo Account and/or the Services from time to time. Mamo is not responsible for any failure on your part to answer such questions or provide the required credentials.

    2.5     You are responsible for maintaining the secrecy and security of your Mamo Account credentials. You must not disclose your credentials to any third party. Each user within your business must create unique Mamo Account credentials and you must ensure that your personnel do not share credentials. You must ensure that no Mamo Account credentials are disclosed to any third party.

    2.6     If you believe any of your Mamo Account credentials are compromised, you must notify us immediately. We may suspend the Services in order to avoid unauthorised transactions because of such security issues. We are not responsible for any business interruption suffered by you because of any action taken by Mamo to protect the security of its systems and customers, including you.

    2.7     Once new Mamo Account credentials have been issued and you have notified us that you no longer believe your Mamo Account credentials to be compromised, we will unblock the Services.

    2.8      Your eligibility. You may not use any Services and this agreement will not be effective if:
                (a)     you do not complete the provision of required information to our reasonable satisfaction;
                (b)     your agreement is terminated or the provision of Services to you has been put on hold in accordance with the terms of this agreement;
                (c)     the Business’s trade license or similar legal permission to carry on its business is not valid and subsisting; or
                (d)     you are a person barred from receiving the Services or not permitted to make or receive payments relating to Services in the UAE.

    2.9      The Business acknowledges that the provision of the Services is conditional on the Business satisfying all due diligence and identity checks Mamo may conduct, including Mamo’s regulatory and anti-money laundering requirements from time to time. The Business will provide all assistance requested by Mamo in carrying out such checks and determining compliance with anti-money laundering requirements at any time, including providing any additional information Mamo may require. Mamo may suspend the Services upon any reasonable belief that the Business does not satisfy the requirements mentioned above.

    2.10     The Business shall comply with all Policies that Mamo notifies to the Business from time to time in accordance with these Terms.

    2.11      Mamo may need to adjust the Services to comply with Applicable Laws. Such adjustments may affect, for example and without limitation, the cost of the Services, the speed of the Services or certain limits or capacities of the Services (such as maximum Transaction amounts or aggregate limits). Mamo may introduce such adjustments necessary to comply with Applicable Laws without prior notice to the Business but shall endeavour to give as much prior notice as is reasonable in the circumstances.

    2.12      Mamo may restrict transactions to or from the Business or disable Mamo Account credentials for such time and in such manner as Mamo determines to protect itself or its other clients if (a) Mamo is subject to actual or potential financial liabilities which continued provision of the Services will make worse; (b) the Business is in breach of the agreement or has materially breached the agreement (whether or not such breach is continuing); (c) Mamo has reasonable grounds to suspect fraud by the Business or a violation of Applicable Laws; (d) any Dispute exists involving the Mamo Account or any transaction conducted in connection therewith, or (e) if needed to protect the security of Mamo’s and its clients’ systems.

    2.13      Mamo may retain any funds connected with your Transactions if required by Applicable Laws or court order or requirement of competent government authority. You agree to hold Mamo harmless in such circumstances.

    2.14     If Mamo restricts the Services or retains funds in accordance with this agreement, it shall notify the Business unless it is unlawful for Mamo to do so or it would compromise the security of Mamo’s systems.

    2.15     Transaction history and current balance, including funds received by Mamo and settlements made to you, is shown on your Mamo Dashboard. You are responsible for checking such details and promptly reporting to Mamo any suspected irregularities or errors.

    2.16      Mamo does not give any assurance that the Services will be uninterrupted or available at any time. Mamo shall use reasonable endeavours to schedule any maintenance or other downtime for generally quiet trading periods and times of the day in the UAE however the Business acknowledges that urgent maintenance may be necessary at any time for security reasons or to protect against fraud. Mamo will use reasonable endeavours to give as much advance notice as possible of any scheduled maintenance downtime.
  3. Onboarding

    3.1     To receive the Services, the Business must complete Mamo’s onboarding process, including the Application Form, and pass Mamo’s prevailing “know your customer” checks and other checks and processes in place.

    3.2     If onboarding is successfully completed, Mamo shall notify the Business and issue a welcome email and your Payment Link. Mamo shall have no obligation under this agreement until the completion of onboarding to Mamo’s reasonable satisfaction and the issuing of the welcome email and payment URL in writing to the Business.

    3.3      If, at any time, any of the information provided by the Business to Mamo during the onboarding process becomes inaccurate or incomplete, the Business must notify Mamo without delay. The Business indemnifies Mamo and holds Mamo harmless with respect to all consequences occurring in connection with the Business’s failure to ensure such information is complete and up to date. The Business acknowledges that failure to ensure the Settlement Account details are correct, complete and up to date may result in Mamo remitting Business’s funds to a third party, in relation to which Mamo shall have no liability.

    3.4     Mamo may make, directly or through any third party, any inquiries it deems necessary or prudent to validate the accuracy of Business information. The Business hereby gives its unconditional and irrevocable consent to Mamo disclosing Business information for such purposes.
  4. Payment Acceptance Authorisations

    4.1     If the Business is receiving Payment Acceptance Services, the Business hereby authorises Mamo to share all such information relating to the Business as is necessary to enable Mamo’s third party payment processing provider to process the Transaction.

    4.2     The Business must ensure that its web page (including any relevant social media accounts or third party platforms) and mobile application through which Customers can enter into transactions contains an appropriate privacy policy which Customers accept and under which Customers authorise the transfer of their payment details to your payment processing provider (being Mamo and/or any third-party payment processor, including our third party payment processor).

    4.3      When a Transaction is completed, Mamo will receive the Purchase Amount into the Holding Account.

    4.4      The Business hereby irrevocably authorizes Mamo to retain Business funds in the Holding Account until Mamo completes its reconciliation process. The Business acknowledges that Mamo is not a deposit-taking bank and holds the Business’s funds only in a transient manner as needed to complete the Services. Mamo provides a service which facilitates payments by creating a link between the Business and the Customer’s payment method. The transfer of fiat funds between Mamo and the Business will be completed via licensed clearing banks in the UAE.
  5. Merchant Payment Acceptance Acknowledgments

    5.1      You agree that Mamo offers the Payment Acceptance Service to facilitate the processing of Transactions on behalf of the Business to enable the Business to accept online payment for Products by Customers.

    5.2      You acknowledge and agree that sales of Products are transactions between the Business and the Customer and not between the Customer and Mamo.

    5.3      Mamo is not responsible for the quality, safety or legality of the Products or for any statement of any nature made in relation to them, nor for compliance with any law relating to the sale or offering for sale of such Products.

    5.4      The Business must not use the Payment Link for any purpose other than to enable genuine Transactions requested by Customers from the Business.

    5.5      Each Transaction shall be subject to the verification requirements of the third-party payment processing service from time to time (such as 3D Secure, or similar) that a Customer may have to complete. Mamo accepts no responsibility for, and is held harmless by the Business for, any Transaction failure due to the inability of the payment processing service to complete the Transaction for any reason, including without limitation an inability to validate a Customer or due to any lack of funds of the Customer.

    5.6      Mamo may withhold funds held in the Holding Account if:
                (a)     Mamo has received notice of a Chargeback request for the relevant Transaction;
                (b)     the relevant Transaction violates Applicable Law or the Policies or was conducted in breach
    of this agreement; or
                (c)     Mamo requires additional information from the Business to verify the Transaction in accordance with requirements of Applicable Law.

    5.7      Mamo will (to the extent permitted by Applicable Law) notify you in a timely manner if it believes any of the matters in clause 5.6 apply.
  6. Refunds and Chargebacks

    6.1      The Business must operate a fair and legally compliant (taking into account all Applicable Law) policy with respect to return/cancellation of Products and ensure that Customers are made aware of this policy when completing Transactions. Any price adjustments, returns or replacements of Products or cancellation of Products in connection with a Transaction agreed by the Business are a matter between the Business and Customer only and Mamo has no involvement with or liability with respect to such matters whatsoever.

    6.2      A Chargeback is initiated by a Customer via the Customer’s issuing bank. Mamo will be the recipient of any Chargeback request received. Mamo is under no obligation to conduct any investigation whatsoever into the merits of the Chargeback or to form any view on the Customer’s legal entitlement to the Chargeback. The Business hereby acknowledges that it shall have no recourse against Mamo with respect to any Chargeback.

    6.3      If Mamo receives a Chargeback notification Mamo will notify the Business via electronic notice (Chargeback Notice) using the means customarily used at the time to communicate with the Business with respect to the Services. If the Business does not agree that the Customer is entitled to reverse the Transaction in question and wishes to dispute the Chargeback, the Business must serve a counter-notice on Mamo (Chargeback Dispute Notice) within 24 hours of receipt of the Chargeback Notice using the method made available by Mamo at the relevant time.

    6.4      If the Business does not serve a Chargeback Dispute Notice within the 24-hour period referred to in clause 6.3, Mamo will not dispute the Chargeback and the Business shall be deemed to have irrevocably accepted the Chargeback. The Business hereby irrevocably waives any right to request Mamo to participate in or assist any challenge of a Chargeback after the time period described above.

    6.5      If a Chargeback is applied for any reason, Mamo will be debited for the amount in question by third party participants in the payment processing supply chain. Accordingly, Mamo may recover such debited funds from the Business by debiting the Business’s Mamo Wallet, if applicable, and if insufficient funds are still available, debiting the amount from future settlement amounts or, if Mamo reasonably believes the Business’s Transaction volumes and amounts will not enable it to recover the money within 2 Business Days from future settlement amounts, demanding payment of such amount as a debt, which the Business hereby agrees to pay within 2 Business Days. If the Business has payment card details associated with its Mamo Account, the Business hereby irrevocably authorises Mamo to debit such card with respect to any debt owed to it. Any unrecovered amounts under the above methods may be pursued as a debt by Mamo via any lawful means. Any failure to pursue a debt in a timely manner shall not prevent Mamo from recovering such amounts from future amounts otherwise due to the Business.

    6.6      If the Business serves a valid Chargeback Dispute Notice, Mamo will follow the applicable procedure to dispute the Chargeback. The Business must provide all relevant information to Mamo to enable it to do so. Mamo will relay the Business’s information but is under no obligation to make further enquiries or investigations.

    6.7      The Business understands that Chargeback schemes are run by payment card scheme operators, and not by Mamo. The Business hereby undertakes to indemnify, keep indemnified and hold harmless Mamo with respect to all losses, costs and expenses suffered or incurred by Mamo as a result of any Chargeback relating to the Transactions. The indemnification obligation includes any costs which are judged to be attributable to Mamo as a result of the Chargeback process, such as dispute fees or settlement fees.

    6.8       If a Transaction is refunded or a Chargeback is accepted, Mamo is under no obligation to refund the applicable Transaction Fee to the Business and may continue to debit the Transaction Fee and applicable Taxes in accordance with Clause 9.
  7. Brand Features

    7.1     Subject to the terms and conditions of this agreement, Mamo grants to the Business a limited, revocable, non-exclusive licence (without the right to sub-license) during the term of this agreement to display those Mamo Brand Features provided to the Business by Mamo solely for use in connection with the implementation of the Services. Mamo may revoke the licence granted by it in this section with notice to the Business, giving the Business a reasonable period to stop using the relevant Brand Features.

    7.2      Subject to the terms and conditions of this agreement, the Business grants to each of Mamo and its Affiliates a limited, non-exclusive (except as set out in this section) licence (without the right to sub-license) during the term of this agreement to display the Business Brand Features for use in connection with the Services, including publicly referring to the Business as a customer of Mamo, and in order to fulfil its obligations under this agreement.

    7.3      Each party will own all right, title and interest, including without limitation all Intellectual Property Rights, relating to its Brand Features. Except to the limited extent expressly provided in the agreement, neither party grants, and the other party will not acquire, any right, title or interest (including, without limitation, any implied licence) in or to any Brand Features of the other party.
  8. Fees and Reconciliation

    8.1      The Business is liable to pay the Transaction Fee to Mamo with respect to each Transaction processed under this agreement. The Business hereby agrees to the deduction of all applicable Transaction Fees (including Taxes) as payment for the Services.

    8.2     Mamo may also introduce additional fees for new or changed features from time to time. To the extent you use any paid-for elements of Mamo’s services you agree to pay the applicable fees.

    8.3      The Business will pay all applicable Taxes imposed under Applicable Law and due with respect to the fees, which Mamo shall invoice for and document as part of the reconciliation documentation. The Business irrevocably instructs Mamo to take into account such Taxes in the reconciliation process under this agreement.

    8.4      Mamo will receive Purchase Amounts from its third-party payment gateway provider into the Holding Account. Mamo will reimburse such amounts, less the applicable Transaction Fees (including Taxes) to the Business. The Business may elect, using the Mamo Sites, whether to receive such amounts into its Settlement Account or Mamo Wallet if Mamo makes such functionality available.

    8.5      Mamo typically receives Purchase Amount funds around three Business Days after the Transaction date and aims to reconcile payments to the Business on the following Business Day. However, Mamo does not guarantee such timescales will apply and is not responsible for any delays caused by matters outside its control.

    8.6       Mamo is not required to submit any settlement amount to the Business whilst the aggregate of the settlement amount owed is below the minimum settlement threshold operated by Mamo from time to time. If this agreement is terminated and all sums owed to Mamo have been paid by the Business, Mamo will settle any remaining balance, even if such balance is below the threshold.

    8.7      Mamo may in its discretion increase or decrease the Transaction Fee and update the Mamo Fee Schedule. All changes to relevant fees will be notified by Mamo to the Business via email or the Mamo Sites. Mamo shall try to provide as much advance notice as we reasonably can. The change will be effective from the date communicated in the notice. If you do not agree to pay any changed fees, you must stop using the relevant Business Service before the date communicated. Any continued use of the relevant Business Service after such date constitutes your agreement to the changed fee.

    8.8      You are responsible for determining any and all Taxes and duties assessed, incurred, or
    required to be collected, paid, or withheld for any reason in connection with the Transaction between the Business and Customer, for ensuring such are included as required in the Purchase Amount and for ensuring that the same are remitted as appropriate to the relevant tax authority. Mamo will not pay any Tax you are required to collect from your Customers on your behalf.

    8.9      The Business acknowledges that Mamo may appear on the Customers’ credit card or bank statements, but that the Business remains the seller of the goods and services purchased by the Customer and is responsible for, and will ensure that it does, issue to the Customer if applicable a full VAT invoice for each Transaction which complies in all respects with Applicable Laws.

    8.10      The Business agrees that it shall not be entitled to receive any interest payment or finance charge or similar from Mamo with respect to any period during which Mamo is temporarily holding Business funds.

    8.11      Mamo is not a deposit-taking bank but a payment service provider. Mamo may sub-contract all or part of the services, such as the processing of card payments in compliance with PCI DSS standards, to a third-party supplier.
  9. Service Disputes

    9.1      Mamo will investigate Service Disputes, provided that the Business provides reasonable assistance to Mamo as requested by Mamo, from time to time. The Business hereby undertakes to respond to and resolve with Mamo any Customer enquiries and claims that Mamo passes on to the Business within a maximum period of three (3) Business Days of the Business's receipt of such enquiries and claims.

    9.2      Any Service Dispute should in the first instance be referred to Mamo’s Customer Support Team by contacting business@mamopay.com. We will ensure that all Service Disputes are handled and addressed in a fair and timely manner. We aim to communicate with you regarding the Service Dispute within a period of seven (7) calendar days from the date of receipt (unless you notify us that the Service Dispute has been resolved). We aim to respond to you with a decision regarding the Service Dispute within fourteen (14) calendar days from the date we receive the complaint.

    9.3      In the event there is an error in the processing of any Services, you authorise us to initiate debit or credit entries against the amounts to be settled to you to correct such error, provided that any such correction is made in accordance with Applicable Laws.

    9.4      You are required to have eligible devices to use the Services. We, at our own discretion, shall determine which devices are eligible to be used with the Services. Devices that have been unlocked in an unauthorised fashion or otherwise modified may not be eligible to use the Services.

    9.5      We reserve the right to impose acceptable use terms in relation to the operation of your Mamo Account and the provision of any Services including the prohibition of certain categories of Transactions for example payments in relation to gaming, cryptocurrencies and all other virtual currencies by specifying these on the Mamo Sites, when and as practicable.
  10. Confidentiality, Data Protection and Intellectual Property Rights

    10.1      The Business will not disclose or cause to be disclosed any confidential and/or proprietary information belonging to Mamo without Mamo’s prior written consent, except to those of its employees, agents, representatives or contractors of the parties who strictly require access to such information to perform under this agreement ("Authorised Personnel") and who are bound by written agreement not to disclose third party confidential or proprietary information disclosed to the Business. The Business acknowledges and agrees that the Business is responsible for any act and/or omission of any Authorised Personnel. The Business will protect Mamo’s confidential and proprietary information by using the same degree of care (and no less than a reasonable degree of care) that it uses to protect its own confidential and proprietary information of a like nature to prevent its unauthorised use, dissemination or publication to any unauthorised third party.

    10.2      The Business will comply with all Applicable Law and reasonable industry standards for ensuring data security and data protection for transactional and Customer information. In particular, the Business will ensure that its Customers are provided with all relevant privacy information, as required by law, and are made aware that the payment processing services described in this agreement are performed by a third party and not by the Business.

    10.3      Mamo will process personal data relating to the Business in connection with this agreement. We will protect your personal data and maintain its confidentiality including where it is held by an agent or third party on behalf of us and ensure that we have in place and maintain adequate policies, procedures and controls. We will not disclose the Business’s personal data unless: (i) required to do so by Applicable Law or a competent government or regulatory authority; or (ii) it is in order to do so to perform our obligations under this agreement (for example, where our payment gateway provider requires Business information to enable provision of its services) or where we engage a third-party service provider (in which case we shall ensure an appropriate written agreement is in place); or (iii) it is necessary to do so in connection with a potential acquisition of our business, in which case we shall only disclose the minimum necessary information to enable the potential purchaser to assess the value of our business customer base, and will anonymise information as far as possible within such purposes, and we shall ensure such potential purchaser is under a binding obligation of confidentiality; or (iv) the disclosure is made with your prior written consent, which we have requested.

    10.4      To the extent Mamo processes personal data relating to Customers in connection with Transactions, it does so as an independent data controller and not as a processor acting on behalf of the Business. Mamo will determine the appropriate means and purposes on which it processes such personal data, in accordance with industry standards applicable to the payment processing industry and Applicable Law.

    10.5       Mamo processes your personal data in accordance with its Privacy Policy available at www.mamopay.com/legal/privacy. The Business acknowledges that it has had an opportunity to read such policy. If we decide to change our Privacy Policy, we will post those changes on the Privacy Policy page so that you are always aware of what information we collect, how we use it and under what circumstances we disclose it. You should check the Privacy Policy frequently for changes.

    10.6       Mamo will use reasonable endeavours to keep the Mamo Sites secure but cannot guarantee their security or that communications over the internet are secure. The Business is responsible for ensuring it keeps efficient back-up copies of the Transaction Information and other information in line with its needs and obligations outside Mamo’s environments.
  11. Warranties

    11.1      Each party represents and warrants that it has full power and authority to enter into the agreement.

    11.2      The Business warrants to Mamo that the Business:
                  (a)     owns and controls all webpages, mobile apps and other accounts on which the Payment Link is used by it; and
                  (b)     has and will maintain throughout the term of this agreement all rights, authorisations and licences that are required to permit the Business to implement the Services.

    11.3      The Business also warrants to Mamo that:
                  (a)     it will comply with all Applicable Laws connected with the Services;
                  (b)     the information and details provided in the Application Form are fully accurate;
                  (c)     it is not subject to sanctions or otherwise designated on any list of prohibited or restricted parties or owned or controlled by such a party, including but not limited to the lists maintained by the United Nations Security Council, the US Government (e.g., the US Department of Treasury’s Specially Designated Nationals list and Foreign Sanctions Evaders list and the US Department of Commerce’s Entity List), the European Union or its member states, the Central Bank of the United Arab Emirates or any other applicable government authority;
                  (d)     it will comply with all Applicable Laws in relation to the sale of Products and its relationship with Customers.

    11.4      Mamo and its licensors make no express warranties or representations with respect to the provision of the Services.

    11.5      In particular, Mamo and its licensors do not represent or warrant to you that:
                 (a)     your use of the Services will meet your requirements;
                 (b)     your use of the Services will be uninterrupted, timely, secure or free from error; and
                 (c)     any information obtained by you as a result of your use of the Services will be accurate or reliable.

    11.6      No conditions, warranties or other terms (including any implied terms as to satisfactory quality, fitness for purpose or conformance with description) apply to the Services except to the extent that they are expressly set out in the agreement.

    11.7      Mamo will not be liable for any breach of this agreement if the breach directly or indirectly results from a failure by the Business to comply with this agreement.
  12. Limitation of Liability

    12.1      Nothing in this agreement will exclude or limit Mamo’s liability for losses which may not be lawfully excluded or limited by Applicable Law.

    12.2      Subject to Clause 12.1, we (and our licensors), will not be liable to you for any loss of profit; loss of goodwill or reputation; loss of business; loss of revenue; loss of data; costs associated with procuring alternative services; in each case whether suffered directly or not; or any indirect or consequential losses.

    12.3      Subject to Clause 12.1, we (and our licensors), will not be liable to you for any loss or damage which may be incurred by you as a result of:
                  (a)     any reliance placed by you on the completeness, accuracy or existence of any advertising;
                  (b)     any change which we may make to the Services, or any permanent or temporary cessation in the provision of the Services (or any features within the Services);
                  (c)     malfunction of the Services;
                  (d)     the deletion of, corruption of or failure to store any communications data maintained or transmitted by or through your use of the Services;
                  (e)     your failure to provide us with accurate account information; or
                  (f)     any fraudulent use of the Services by you.

    12.4      Aside from our obligation to remit to you the funds due to you under this agreement, our total aggregate liability in any calendar year will be limited to the value of the Transaction Fees earned by us under this agreement in such calendar year.
  13. Indemnification

    13.1     You will indemnify, defend and hold harmless Mamo (and our respective employees, directors, agents and representatives) from and against any and all claims, costs, actions, suits, or demands and any related losses, damages, liabilities, judgments, tax assessments, penalties, interest, and expenses (including without limitation reasonable attorneys’ fees) arising out of any claim, action, audit, investigation, inquiry, or other proceeding instituted by a person or entity that arises out of or relates to:
                (a)     any actual or alleged breach of your representations, warranties, or obligations set forth in this agreement, including without limitation any violation of the Policies;
                (b)     any actual or alleged infringement, misappropriation or violation of any third-party rights or Applicable Law by you;
                (c)     your use of the Service; or
                (d)     any liability you have to any Customer or other third party.
  14. Force Majeure

    14.1      Should any Force Majeure Event delay the performance by either party of its obligations under this agreement, the affected party shall notify the other party in writing within seven (7) calendar days of such Force Majeure Event.

    14.2      Upon the occurrence of a Force Majeure Event, the affected party’s duty to perform its obligations under this agreement shall cease until such Force Majeure Event have been remedied and the affected party shall not be liable for any non-performance during such time.
  15. Term and Termination

    15.1      Once effective, this agreement will remain in force unless and until terminated in accordance with the provisions of this Clause 15.

    15.2      You may terminate this agreement at any time. The process for sending us notice of termination will be indicated on the Mamo Sites and your Mamo Dashboard from time to time. Mamo reserves the right to conduct follow-up enquiries or request further information to verify the authenticity and validity of a termination notice.

    15.3      Once a notice served under Clause 15.2 has been verified by Mamo, this agreement shall terminate and you will be sent a confirmation email.

    15.4      We may terminate the Service and this agreement for any reason at any time by providing prior written notice to you. We will endeavour to give reasonable notice but this may not be possible.

    15.5     Without limiting Clause 15.4, we may suspend the Service and disable the Payment Link and your Mamo Account credentials if:
                 (a)     you have materially violated the terms of this agreement;
                 (b)     we determine that you pose an unacceptable security, credit, fraud or compliance risk to us or any third party including our other customers;
                 (c)     you provide or have provided false, incomplete, inaccurate, or misleading information (including without limitation any registration information) or otherwise engage in fraudulent or illegal conduct;
                 (d)     we have security concerns regarding your Mamo Account;
                 (e)     we suspect unauthorized or fraudulent use of the Services.

    In such cases, we will inform you of the suspension of Your Account and the reasons for it, where possible, before the suspension and at the latest immediately thereafter, unless we determine giving such information would compromise security concerns or is prohibited by Applicable Law. We will reactivate the Payment Link and your Mamo Account credentials, or replace it or them, as applicable, if the reasons for suspension are resolved.

    15.6      Mamo will inform you of major operational or security incidents affecting the Service as soon as possible, and the measures taken by us to address and mitigate their effect.

    15.7      We will not be liable to you for compensation, reimbursement, or damages of any kind, direct or indirect, including damages on account of the loss of prospective profits, anticipated sales, goodwill, or on account of expenditures, investments, or commitments in connection with any termination or suspension of the Service. Upon termination of this agreement for any reason:
                 (a)     you will remain liable for all fees, charges and other payment obligations that have been incurred through the date of termination with respect to the Service;
                 (b)     your access to your Mamo Account will be terminated and the Payment Link will be permanently disabled.

    15.8      In addition to any payment obligations under this agreement, any other terms which by their nature are intended to survive termination will survive the termination or expiry of this agreement.

    15.9      At the date of termination, any pending Transactions not processed will be cancelled and any Transactions already in progress at the date of termination will be processed as usual, including with respect to remittance obligations and the right of Mamo to charge the Transaction Fee.

    15.10     If after termination of the agreement and deduction of all applicable fees and charges, there are funds of yours in the Holding Account, Mamo will remit such funds to your Settlement Account promptly.
  16. Third Parties

    16.1      The terms of this agreement may be enforced only by: (i) a party to it or such party's successors and permitted assignees; (ii) a party specifically entitled to be indemnified under this agreement.
  17. Governing Law and Dispute Resolution

    17.1     This agreement and any non-contractual obligations arising out of or in connection with this agreement shall be governed and interpreted in accordance with the laws of the Dubai International Financial Centre (“DIFC”). All disputes arising from or related to this agreement shall be referred to the Courts of the DIFC.
  18. Communications and Notices

    18.1      This agreement is concluded in English and all notices or other communications or deliveries required or permitted to be made under this agreement will be in writing and in English. Any translations are provided for convenience only and in the event of a discrepancy between this English version and any translation, this English version shall govern.

    18.2     We may provide all communications and information related to the Services and your Mamo Account, including without limitation agreements related to the Service, amendments or changes to such agreements or any Policies, disclosures, notices, Transaction information, statements, responses to claims and other customer communications that we may be required to provide to you by law (collectively, “Communications”) in electronic format. Communications may be posted to the Mamo Sites or sent by e-mail to the e-mail address we have on file for you, and all such Communications will be deemed to be in “writing” and received by and properly given to you. You are responsible for printing, storing and maintaining your own records of Communications, including copies of this agreement in line with your own business practices. This condition does not affect any legal rights you may have.
  19. General

    19.1      Nothing in this agreement is intended to or creates any type of joint venture, employee-employer, escrow, partnership, or any fiduciary relationship between you and us. Further, neither party shall be deemed to be an agent or representative of the other by virtue of this agreement. Neither party is authorized to, and will attempt to, create or assume any obligation or liability, express or implied, in the name of or otherwise on behalf of the other party. Without limiting the generality of the foregoing, neither party will enter into any contract, agreement or other commitment, make any warranty or guarantee, or incur any obligation or liability in the name or otherwise on behalf of the other party.

    19.2      You may not assign or transfer any rights, obligations, or privileges that you have under this agreement without our prior written consent. Subject to the foregoing, this agreement will be binding on each party’s successors and permitted assigns. Any assignment or transfer in violation of this Clause 19.2 will be deemed null and void.

    19.3      To be effective, any waiver by a party of any of its rights or the other party’s obligations under this agreement must be made in writing signed by the waiving party. No failure or forbearance by either party to insist upon or enforce performance of any of the provisions of this agreement or to exercise any rights or remedies under this agreement or otherwise constitutes a waiver or relinquishment to any extent of such party’s right to assert or rely upon any such provision, right, or remedy in that or any other instance; rather, the same will be and remain in full force and effect.

    19.4      If any portion of this agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the remaining portions of this agreement will remain in full force and effect and, upon our request, the court will construe any invalid or unenforceable portions in a manner that most closely reflects the effect and intent of the original language. If such construction is not possible, the provision will be severed from this agreement and the rest of the agreement remains in full force and effect.

    19.5      If you wish to make a complaint or suggestion (other than a Service Dispute), you can send an email to business@mamopay.com. We will ensure that all complaints are handled and addressed in a fair and timely manner. We will communicate with you regarding your complaint within a period of seven (7) days from the date of receipt (unless you notify us that the complaint has been resolved). We will respond to you with a decision regarding your complaint within fifteen (15) working days from the date we receive the complaint.

    19.6      This agreement, including without limitation the Policies, constitutes the entire agreement of the parties with respect to the subject matter of this agreement, and supersedes and cancels all prior and contemporaneous agreements, claims, representations, and understandings of the parties in connection with the subject matter of this agreement. Except as expressly provided above, no modification or amendment of this agreement will be binding on us unless set forth in writing and signed by us.

Schedule - Definitions

“AED” means Emirati dirhams, the lawful currency of the UAE.

“Affiliate” means an entity owned or controlled by Mamo, any entity which owns or controls Mamo as well as any entity under control of such entity.

“Application Form” means the online form on the Mamo Sites used for collecting Business details by Mamo, which is completed by the authorized representative of the Business and submitted to Mamo for its approval.

“Applicable Law” means all applicable national, state, local, municipal legislation, regulations, statutes, by-laws, decrees, orders, consents and/or other binding law in force from time to time (and any amendment or subordinate provisions) relating to or connected with the activities contemplated under this agreement in the UAE.

“Brand Features” means the trade names, trademarks, service marks, logos, domain names, and other distinctive brand features of each party, respectively, as owned (or licensed) by such party from time to time.

“Business”, “you”, “your” means the business identified in the Application Form forming part of this agreement.

“Business Day” means a day that is not a Friday or Saturday, or a public holiday in the UAE.

“Chargeback” means a request made by a Customer to their issuing bank challenging the validity of a Transaction.

“Customer” means a person procuring the Business’s goods or services and making an online payment to do so.

“Disputes” means any disagreements, litigation, arrangements and/or other such disputes between Customers or other third parties arising from the use of the Service other than Service Disputes.

“Force Majeure Event” means any act of God including fire, flood, earthquake or other natural disaster; act of any sovereign including terrorist attacks, war, invasion, act of foreign enemies, hostilities, pandemics, epidemics, labour dispute including strike, lockout or boycott; act of failure or interruption or failure of utility service including electronic, power, gas, water or telephone services; acts or failure to act on rulings of administrative boards, government authorities or any other cause beyond the reasonable control of either party but shall not include causes related to the parties.

“Holding Account” means the account or accounts (of any type and held in any manner) into which Mamo receives credit for the Purchase Amount for successful Transactions, pending settlement to the Business.

“Intellectual Property Rights” means all patent rights, copyrights, semiconductor topography rights, rights in software, moral rights, trade mark and/or service marks, logos, rights in or relating to databases, rights in or relating to confidential information or trade secrets, rights in relation to domain names and any other proprietary rights (registered or unregistered) throughout the world, including all rights of reversion and rights to any applications and pending registrations and the right to sue for and recover damages for past infringements.

“Mamo”, “we”, “us”, “our” means Mamo Limited as further described in the Application Form.

“Mamo Account” means the Business’s user account enabled on successful onboarding, which can be
managed through your Mamo Dashboard.

“Mamo Dashboard” the online dashboard linked to your Mamo Account that Mamo provides to you to enable you to view information and manage your Mamo Account.

“Mamo Sites” means Mamo’s online business resources, such as website and mobile app that Mamo makes available to give the Business access to use and manage the Services.

“Mamo Wallet” means an electronic wallet account held with Mamo.

“Payment Link” means the URL made available by Mamo which provides the Business with a way to enable Customers to initiate Transactions.

“Policies" means all of Mamo’s applicable policies, notices, procedures, specifications, FAQs, guides and guidelines that are provided or made available to you, appear on the Mamo Sites or are referenced in this agreement.

“Product” means any merchandise, good, or service that a Customer may purchase from a Business by using the Service.

“Purchase Amount” means an amount equal to the price of a Product, including any related fees, taxes, shipping charges or handling charges, as applicable.

“Service(s)” means the Mamo Business services that the Business has been approved for in accordance with its Application.

“Service Disputes” means any disagreements, complaints, litigation, arrangements and/or other such disputes arising solely from the alleged failure by Mamo to meet its obligations under this agreement or any Applicable Law and any associated error in the provision of a Service.

“Settlement Account” means the AED-denominated fiat currency bank account of the Business maintained at a bank located in the UAE that is designated by the Business and notified in writing to and approved by Mamo for receipt of funds.

“Tax” means and includes all forms of taxation (including value added tax) and statutory, governmental, supra-governmental, state, local governmental or municipal impositions, duties, contributions, deductions, withholdings and levies whether of the UAE or elsewhere whenever imposed.

“Transaction” means the transaction by which the Customer initiates a payment instruction to purchase Products in an amount equivalent to the Purchase Amount.

“UAE” means the United Arab Emirates.