Udio- Pre-paid Payment Instruments (PPIs) - Terms & Conditions

This is an important document which you must consider carefully when choosing whether to use our UDIO Services at any time.

By installing the Udio App or signing up on Udio website or through any Udio Cash Point, and/or by using any part of the Udio Services, the customer expressly agrees to and consents to being irrevocable bound by this agreement, and all of the terms set out herein for usage of the Udio prepaid instrument. Please read the terms contained herein carefully before agreeing to them. You are solely responsible for understanding and complying with any and all laws, rules and regulations of India that may be applicable for use of our Udio Services.

TranServ Pvt Limited has received authorisation from the Reserve Bank of India for Issuance and Operations of Semi-Closed Prepaid Payment Instruments. TranServ complies to the RBI guidelines applicable for prepaid payment instruments, Domestic Money Transfer Guidelines issued by The Reserve Bank of India and any other laws as maybe applicable.  TranServ issues prepaid instruments in the name and brand "UDIO"

Udio wallet is a semi-closed prepaid payment instrument available as a mobile application on Android (v1.4 and above)/iOS (v 8 and above) and on the web. Udio wallet includes functionalities such as add funds, send money, split bills, store CC/DC, make bill payments, sent gift vouchers, recharges, merchant payments and it also gives customer the option to subscribe for a partner bank prepaid card issued in partnership with RBL Bank and card networks such as Visa/Master/Rupay. Udio wallet can be used for conducting transactions only in Indian currency

These Terms and Conditions (these "Terms & Conditions" or "T&Cs") form the terms and conditions for the use of our UDIO Services (as hereinafter defined). This Agreement is a legal document between the Customer (as defined below) and TranServ Private Limited a company incorporated under of laws of India ("TranServ", "we", "our" or "us") governing the Customer’s relationship with TranServ.

The words "you", "your" or "yours" refer to the "Customer" using our UDIO Wallet and UDIO Services.
In relation to these "Terms & Conditions" "T&Cs";

All references to singular shall include plural and masculine gender shall include feminine gender;

The clause headings are only for convenience and do not affect the meaning of the relative clause; and

If any provision hereof is held to be illegal, void or unenforceable by any court of competent jurisdiction, such provision shall be deemed to be deleted here from and the remaining Terms and Conditions shall continue in full force and effect.

Definitions

In this document, the following word and phrases shall have the following meanings:

  • The words "TranServ", "We" and "Us" refers to TranServ Private Limited, a company incorporated under the laws of India and includes its successors and assignors.
  • "Customer, User, Employee" shall mean a registered user of the UDIO Wallet service provided by TranServ or any other person who is using Udio Services directly or indirectly
  • "Corporate" shall mean an entity (Pvt Ltd or Ltd), Partnership, Firm, Organisation or any other such Institution which has an agreement with TranServ to provide Udio Corporate Payment Solutions to its Employees/ beneficiaries.
  • "Fees" or "Charges" shall mean the fees charged by TranServ for the UDIO Services;
  • "Know Your Customer (KYC)" refers to the various norms, rules, laws and statutes issued by RBI, or any other regulatory body, from time to time under which TranServ or the Partner Bank may be required or wish to procure personal identification details from you before any UDIO Services can be delivered;
  • "Merchant" means any partnership firm, limited liability partnership firm, public limited company, private limited company, trust, society or any other legal entity as per the laws in force in India from time to time, which has an arrangement with TranServ to accept and honour payments made using the UDIO Wallet, for paying consideration for goods and services provided by the Merchant to the Customer. Merchants shall include among others, stores, shops, restaurants, transport organizations as advertised from time to time by TranServ;
  • "RBI" means the Reserve Bank of India;
  • "Reimbursements" any amount received by the employees of the corporates for expenses incurred related to official purposes. Reimbursements will be like general cash and will not be restricted for use at any specific Merchant categories.
  • "Partner Bank / Escrow Bank" shall mean any bank that we may have contract from time to time, for holding the advances received from customers/corporates/ or any other establishment for the execution of our Udio Services
  • "Partner Bank Prepaid Instrument" shall mean any prepaid instrument issued by Partner Bank called Udio RBL Bank Visa/Master/Rupay Card/ Udio Card*
  • "Pay by UDIO" is a payment platform service provided to Merchants in order to enable such Users of UDIO Services who want to purchase the products/services of that Merchant using their UDIO Wallet and/ or Udio RBL Bank Visa/Master/Rupay Card;
  • "Payment Service Provider" shall mean Partner banks, financial institutions, card issuer bank, online intermediaries, payment gateway providers, card network associations, and/or other entities with whom TranServ has entered into arrangements for facilitating the provision of UDIO Services by TranServ.
  • "Password" means the alphanumeric string required for authenticating the use of the UDIO Wallet and/ or Udio RBL Bank Visa/Master/Rupay Card on a mobile or web platform allocated by TranServ from time to time;
  • "Regulations" The UDIO Wallet is subject to and in compliance with the Payment and Settlement Systems Act, 2007 ("PSS Act"); any guidelines as issued under Issuance and Operation of the Prepaid Payment Instruments in India (Reserve Bank) Directions, 2009 ("RBI Guidelines") updated on July 01, 2014, and any amendments thereafter; Domestic Money Transfer Guidelines issued by The Reserve Bank of India and any other laws as maybe applicable to these T&Cs
  • "UDIO Services" shall mean the services provided by TranServ to Customers through the UDIO Wallet and / or UDIO Card, or otherwise, in order to enable Customers, pay to the Merchants or other Customers through any modes as may be determined by TranServ.
  • "UDIO Wallet" means Semi closed Prepaid Instrument issued in accordance with the RBI guidelines for Issuance and Operations of Prepaid Payment Instruments. Such a wallet is issued and operated in an electronic form whereas Customers access such account through a mobile handset or website or any such electronic instruments
  • "UDIO Card / Udio RBL Bank Visa/Master/Rupay Card" means a physical/digital prepaid card issued in partnership with the Partner Bank and the Card Network, with its balance linked to the wallet balance, and which can be used at any POS terminal accepting the Card Network.
  • "Transaction" means an instruction or an inquiry or communication as appearing in the records maintained by TranServ, and made by the Customer using the UDIO Wallet directly or indirectly to effect a transaction with a Merchant.
  • "Transaction Confirmation" shall mean the intimation received by TranServ from either the Merchant or the Customer with regard to the receipt or delivery or supply of goods or services.
  •  "Working Days" means any day on which banks in Mumbai are open for business and as further explained in Clause herein below.

Eligibility

By registering to use, creating or using the UDIO Services, you represent and confirm, in addition to other representations that you may be required to make elsewhere in these T &Cs, that you are:

  • 18 (eighteen) years of age or older;
  • an Indian citizen, a legal resident of India or a business entity registered in India and authorized to conduct business in India; not ‘incompetent to contract’ within the meaning of the Indian Contract Act, 1972; and
  • entering into and performing these T&Cs, as per applicable law.

We reserve the right to terminate your account at any time if we have reason to believe that your account is being used by any person who is not eligible, or not in compliance with the terms of this agreement. Your wallet balance in all such cases would be forfeited.
You further represent and confirm that you are not a person debarred from using and/or receiving the Udio Services under the laws of India or other applicable laws.
The Udio Services can only be used in India. You acknowledge that the Udio Services may be subject to import and export restrictions imposed by the laws, rules, regulations, and guidelines in force in India.

Identity Authentication

You hereby authorize TranServ directly or through third parties, to make any inquiries we consider necessary to validate your identity and/or authenticate your identity and account information. This may include an OTP authentication of your mobile number, or asking you for further information and/or documentation about your account usage or identity, or requiring you to confirm identification by furnishing KYC documentation, ownership of your email address, telephone number or financial instruments, among others. This process is for internal verification and validation purposes.

UDIO Wallet Registration

Please note that in order to comply with the various norms, rules, regulations, laws and statutes issued by RBI, or any other regulatory body, we do not allow You to open more than one Account in association with the phone number registered in Your name.

All PPIs who have not provided details of an Officially Valid Document (OVD), such as Aadhaar Number, are classified as "Pending KYC". Customer’s with status "Pending KYC" cannot add any funds into Udio Wallet. Such customers can use the available Udio balance for purchase of any products and services. Use of such balances to transfer to a bank account or to any other PPI holder is not permitted.

  • All PPIs who have provided details of an Officially Valid Document (OVD), such as Aadhaar Number, are classified as "Minimum KYC". "Minimum KYC" Customers can:
    • Maintain upto ₹10,000 balance in the PPI
    • Load funds upto ₹10,000 in a month
    • Spend upto ₹10,000 in a month
    • Can utilize the funds for purchase of goods and services.
  • PPI holders who provide their Aadhaar Number and complete the OTP based eKYC procedure i.e. verifying their Aadhaar number by completing OTP process shall be classified as "e-KYC". Such Customers shall agree to the eKYC terms and conditions given below in this document. e-KYC Customers can
    • Maintain upto ₹1,00,000 balance at any point in time
    • Transact for upto ₹2,00,000 in next 12 months
    • Utilize the funds for purchase of goods and services
    • Transfer funds to any bank account
    • Transfer funds to any other Udio wallet
  • PPI holders completing the full KYC process i.e. submission of Application Form, Photograph, KYC documents or Bio-metric based Aadhaar authentication, shall be classified under this category. Such Customers can:
    • Maintain upto ₹1,00,000 balance at any point in time
    • Increased yearly spending limits
    • Utilize funds for purchase of goods and services
    • Transfer funds to any bank account
    • Transfer funds to any other Udio wallet

Documents needed: Copy of PAN Card and Aadhaar Card along with duly filled KYC form and passport size photograph. The Original documents should be displayed to the TranServ representative for verification purpose.

OTP BASED E-KYC:

  • These below terms shall apply to Customers who opt for OTP based e-KYC for upgradation.
  • The Customer hereby
    • Gives consent for authentication via OTP for availing Udio Services
    • Declares that no other wallet has been opened nor will be opened using OTP based e-KYC
    • Authorise Udio to obtain and store e-KYC data for the period as prescribed by the regulator
    • Explicitly permit Udio to share/use my e-KYC data with other regulated entities which whom Udio has signed up with, for providing enhanced products and/or services.
    • Agrees to abide to all regulations and amendments applicable for OTP based e-KYC details of which are mentioned in the circular "Master Direction - Know Your Customer (KYC) Direction, 2016"
  • e-KYC Customers can hold up to Rs.1,00,000 at any point of time for 1 year from the date of OTP e-KYC and can transact for upto for Rs.2,00,000 in a year.
  • An OTP based e-KYC shall be valid for a term of one year from the date of completion of OTP based e-KYC of the Customer. The Customer shall mandatorily need to upgrade to Full KYC category on or before completion of the said one year. In the event the Customer fails to upgrade, such customers shall be downgraded to "Pending KYC" Category with applicable transaction limits as prescribed by RBI.
  • The above terms are subject to the prevailing RBI Master Directions.

UDIO Wallet Security

  • You shall be solely responsible for the security of the UDIO Wallet and other UDIO Services and shall ensure that you take all necessary steps towards safekeeping and authorised use of the UDIO Wallet and other UDIO Services. TranServ, towards this end, will initially ask you to generate a Password for the safety of your UDIO Wallet or set a password and communicate to you and which could be changed by you.
  • The Password should only be entered where prompted by TranServ or third party platforms to authenticate a Transaction. You shall not disclose the password to anyone verbally, or in writing, or record it elsewhere.
  • The security of the Password is very important and breach of any of the above requirements shall amount to unauthorised use of the UDIO Wallet and other UDIO Services without any liability being attributable to TranServ for such breach or unauthorised use. You are responsible for maintaining the confidentiality of the Password, and are fully responsible for all activities that occur under your account, including, without limitation,
  • In the event that You have forgotten the password to Your Account, you may click on "Forgot Password?". An OTP will be triggered to your registered mobile number. You will have to verify the OTP on the registered mobile number and input your new password for verification.
  • In the event that You are not accessing Your Account or UDIO Wallet for any reason for a period of 30 (Thirty) consecutive days, your account shall be logged out. For any further transactions, You may login using your credentials
  • In the event that You are unable to access Your Account or UDIO Wallet for any reason other than forgetting Your password, you may inform Us at the UDIO Services Helpdesk and make a request for blocking Your Account. We will not be liable for any unauthorised transactions made through Your Account prior to You making a request for blocking.
  • You agree to
    1. immediately notify TranServ of any unauthorised use of your Password or your account or any other breach of security, and
    2. ensure that you securely exit from your account at the end of each session.
  • Please do not share your Registration Data with any third parties as You will be solely responsible for maintaining the confidentiality of Your Registration Data and will be liable for all activities and transactions that occur through Your Account and UDIO Wallet, whether initiated by You or any third party
  • In accordance with the various norms, rules, regulations, laws and statutes issued by RBI, or any other regulatory body to prevent money laundering and the funding of terrorism in India, we may suspend or terminate Your Account with immediate effect if we have reason to believe that the Registration Data or any other data provided by You is incorrect, or that the security of Your Account has been compromised in any way.

Loading UDIO Wallet

Loading the UDIO Wallet shall be subject to and in compliance with various regulations as defined above

  • Once you have successfully created an Account after completing the registration process in accordance with these T&Cs, You can start availing of our Services through UDIO Wallet.
  • Loading funds: – Based on your KYC status, UDIO Wallet is reloadable,and the limits applicable for every category shall be applicable at any point in time subject to the various norms, rules, regulations, laws and statutes issued by RBI, or any other regulatory body.
  • Cash withdrawal: -Cash withdrawal from UDIO Wallet is prohibited under the various norms, rules, regulations, laws and statutes issued by RBI, or any other regulatory body.
  • Transferability: -The various norms, rules, regulations, laws and statutes issued by RBI, or any other regulatory body prohibit transfers of Accounts and/or UDIO Wallets from a User to any third party.

Udio Wallet has two components viz., Udio Cash and Udio Vouchers.

Udio Cash:

Using Credit Card / Debit Card / Net banking:

When customer adds funds using credit card, debit card, net banking or cash, Udio Cash gets funded. This amount can be used for all types of transaction based on the category of your wallet. Refunds for transactions done using Udio Cash get added to Udio cash subject to prevailing wallet/transaction limits for the user.

  • In case of stored cards to load Udio Cash, card details consisting of card number, expiry date are stored in the form of tokens using a secure technology called tokenization in our PCI-DSS Level 1 compliant payment vault.  CVV information is never stored and customer is required to input the CVV to authorize any transaction involving the card

The merchant name shown in your statement shall be either "Udio" or "Shmart.in"
Wallet Loading – Terms and modes of payment for authorized transactions.

  • You may avail of only those modes of payment as listed herein in these T&Cs including credit card, debit card, net banking or any other mode which list may be revised from time to time by Us, to load Your UDIO Wallet.
  • When You choose to load money into Your UDIO Wallet You will be required to provide certain "Payment Details" for the purpose of making the desired transaction. If You provide such Payments Details, You agree that You do so voluntarily.
  • The Payment Details You provide must be true and accurate to the best of Your knowledge, information and belief. We do not bear any liability for the consequences if You provide false or incorrect Payment Details.
  • You represent and warrant that You are legally and fully entitled to use any debit card, credit card or bank account that You attempt to use to load funds into Your UDIO Wallet.
  • You represent and warrant that the bank account through which You attempt to load funds into Your UDIO Wallet has sufficient funds to permit Your proposed transaction. We bear no liability for loading transactions which are cancelled on account of insufficient funds in Your bank account.

Load through Cashpoints:

A registered customer can also add money into his Udio wallet by visiting any of the Udio cash points or partner cash points shown on the Udio app. Customer has to specify his mobile number and specify cash load into Udio wallet after visiting the cash point location.Cash load limits shall vary as per the category of the PPI holder. Maximum Cash load in a PPI cannot be more than ₹50,000 pm

Once cash is handed over, the agent will initiate a load into the customer's wallet for the equivalent amount and added amount will be accumulated in the customer's wallet cash balance subject to the prevailing limits for the Udio Wallet.
Cash once loaded into the wallet cannot be refunded as per the various norms, rules, regulations, laws and statutes issued by RBI. Customer shall receive intimation via SMS/email for the amount loaded in the wallet
In the event the Cash load into the wallet goes beyond Rs. 50,000 in a financial year, the Customer shall be required to submit copy of PAN Card to ping@udio.in. In case of non-receipt of PAN, the wallet of the customer shall be temporarily blocked. The wallet shall be unblocked only after submission and due verification of the PAN.

Pay using your UDIO Wallet

Wallet to Merchant Transfer

  • A Customer can choose to pay Merchants in exchange of some goods or services provided by the Merchant. The Merchants who accept the UDIO Wallet as payment will be approved by TranServ and the list of Merchants will be conveyed to Customers from time-to-time. The list of Merchants could be amended from time-to-time and TranServ does not undertake to intimate Customers for any such change to the list of Merchants.
  • Based on your Udio Wallet Category You can spend Maximum of INR 10,000 (Indian Rupees Ten Thousand only) or INR 1,00,000 (Indian Rupees One Lac Only) per month from Your UDIO Wallet, or any other limits as may be prescribed by UDIO and in compliance of the various norms, rules, regulations, laws and statutes issued by RBI, or any other regulatory body from time to time to mitigate against fraud.
  • When We receive payment instructions from Customer to pay a Merchant, Customer authorises and orders Us to commit Customer’s payment to that Merchant. This authorisation will remain in effect as long as Customer maintains an Account with Us.
  • In the event that Customer is not satisfied with the goods or services provided by a Merchant for any reason, we recommend that the Customer report the matter to the Merchant in question. Please note that We are not responsible for the goods or services provided by the Merchants and cannot be involved in any disputes between a Merchant and Customer regarding the same.

Wallet to Bank Transfer

A Customer user can link upto 3 beneficiaries (bank account) with the UDIO Wallet and subsequently transfer money into this bank account subject to applicable transfer limits and fees. Customer can transfer funds only after a cooling period of 30 mins from the date of registering the beneficiary.

Only e-KYC customers and Full KYC customers can transfer funds to their bank account. Bank transfers will be charged a per transaction fee of 2.75% of the total amount or ₹ 10, whichever is higher.

  • The max transaction amount is ₹5000
  • While transacting, the fees levied shall be displayed to the customer. The deduction from the wallet will be the total of amount transfer to bank and fees levied.
  • The fees shall be rounded off to the lowest value.
  • In case of transaction reversal, the total deducted amount shall be refunded.

In the event of transfer to incorrect beneficiary/bank account, TranServ will not be liable to get the amount reversed.

Wallet to Wallet Transfer.

Send money feature in Udio wallet is used to send money to friends, family or any individual. Similarly Request money is used to request money from friends, family or any individual. The person who receives the money or request for money should login to initiate action. If the receiver is not a Udio Wallet user, the transaction shall not go through.
Conditions for Sending / Receiving of Funds on the UDIO Wallet:

  • This service is available for existing UDIO Wallet Users only.
  • The max transaction amount is ₹. 5000
  • The sender must have available funds to be able to initiate a transfer to a recipient wallet
  • To avail of this facility a receiver must register for a UDIO Wallet to receive transfer of funds from an existing UDIO Wallet User.
  • In the event of transfer to incorrect wallet holder, TranServ will not be liable to get the amount reversed.
  • And subject the various norms, rules, regulations, laws and statutes issued by RBI, or any other regulatory body well as at the discretion of TranServ and the Partner Bank.

Validity of Transfer

  • You agree to transfer funds from UDIO Wallet to the UDIO Wallet of persons who are already Users ("Eligible Transferee")
  • We rely solely on Your representation and will bear no liability in the event that funds are transferred to persons who are not Eligible Transferees.
  • If We have reason to believe that funds have been transferred to persons who are not Eligible Transferees by You, we reserve the right to terminate Your Account and the Account of the person to whom You transferred funds, with immediate effect.
  • If the transfer is made to another UDIO Wallet holder, then amounts in your UDIO Wallet will be moved immediately from your account to the recipient’s account, as specified by you. However, if the recipient has already exhausted any of the various norms, rules, regulations, laws and statutes issued by RBI, or any other regulatory body or TranServ imposed limit then the transfer will not be executed and amounts in your UDIO Wallet will be retained in your account.
  • If the transfer is erroneously made to a wrong user, your only alternative will be to contact that user to whom you transferred the amount and ask them to refund the money. TranServ will not be liable to get the amount reversed to the account.

Bill Payments & Prepaid Recharges

Bill Payments

Our current bill payment services include telecom and DTH bills, and we are continuously expanding the list of permitted bill payment categories and individual billers. TranServ assumes no responsibility and shall incur no liability if it is unable to affect any Payment Instruction(s) on the Payment Date owing to the following circumstances:

  • If the Payment Instruction(s) issued by you is/are incomplete, inaccurate, invalid and delayed.
  • If the wallet has insufficient funds/limits to cover for the amount as mentioned in the Payment Instruction(s)
  • If the funds available in the wallet are under any dispute or charge.
  • If payment is not processed by biller upon receipt.
  • Circumstances beyond the control of TranServ (including, but not limited to, fire, flood, natural disasters, bank strikes, power failure, systems failure like computer or telephone lines breakdown due to an unforeseeable cause or interference from an outside force)

In case the bill payment is not effected for any reason, you will be intimated about the failed payment by an e-mail
Furthermore,

  • Partial payment may not be allowed
  • Excess payment may not be allowed
  • Wherever allowed, payment after due date should be paid along with late fee applicable as per the bill)
  • For bill payments, it is the responsibility of the Customer to enter the correct bill amount (even if it includes along with late fee)

Prepaid Recharges

  • The customer shall be responsible for keying in the correct details of the prepaid mobile number and amount for which prepaid mobile recharge is requested. In no case shall TranServ be held liable for any erroneous transactions incurred, arising out of or relating to the customer entering wrong details of the prepaid mobile number, operator, circle and/or amount for the prepaid mobile recharge request.
  • TranServ shall specify from time to time, the minimum and maximum transaction size for each prepaid mobile recharge request and shall be at liberty not to accept any prepaid mobile recharge request which do not meet such specifications.
  • TranServ has tied up with an aggregator for enabling prepaid mobile/ DTH recharge. TranServ does not make any representation, warranty or undertaking in respect of recharge or the service levels of Aggregator in relation to such requests.
  • Customer needs to confirm the validity or talk-time limit from respective operator before initiating the recharge.
  • Customer is solely responsible for the selection of mobile operator and the recharge amount. TranServ shall not be responsible for talk-time given against recharge done as this is purely at mobile operator’s disposal
  • The customer’s wallet will be debited for the total amount for prepaid mobile recharge as applicable

Social Gifting

UDIO Services provides a social Gifting feature whereby customers can gift a particular coupon or vouchers available on the UDIO Wallet within their social circle. Customers are advised to understand the details of the redemption of each such coupon before purchasing and gifting the same. It is to be understood that TranServ is not the ultimate seller/merchant of the goods/services that can be redeemed against the coupon. TranServ is only an issuer of Coupon services and is not a warrantor or guarantor of the services to be provided. Coupons issued by us to you are sold without recourse against us for any breach of contract by such outlets and Merchants. Any disputes regarding the quality, minutes provided, cost, expiration, or other terms of the Gift purchased must be handled directly between the Customer of the Gift and such outlet or Merchant.

Fees & Charges with effect from September 19, 2018

Service Fee
Wallet Creation NIL
Wallet Upgradation NIL
Loading Credits to the wallet Convenience Fee of 1%* of loading amount, subject to a minimum of Rs.10/- and maximum of Rs.99/-(applicable w.e.f. 19th Sep 2018) Waived for loading through Debit Cards
Waived for loading through Debit Cards
Wallet to Wallet Transfer NIL
Wallet to Bank Transfer fee 2.75% or ₹. 10* (whichever is higher)
(applicable wef 3rd Oct 2018)
Please check the applicable fee before submitting request to transfer funds.
Social Gifting Gift Vouchers NIL
Prepaid Recharges NIL
Utility Bill Payments NIL
Wallet Account Management fees# Rs. 100* per annum, levied on quarterly basis

*All fees mentioned above are Inclusive of applicable GST/applicable Government Taxes

  • The Fees and Charges are subject to change at the sole discretion of RBL Bank or Service Provider.
  • RBL Bank/TranServ reserves the right to set off balance in your wallet against any outstanding demand. In case of non-availability of sufficient amount, RBL Bank / TranServ reserves the right to debit available amount and close the Wallet Account and any associated Cards.
  • Details of applicable fees and charges will be updated in the Fees Table updated on the website as well as app from time to time.

# Account Management Fee:
  • Waived off for the period of first three months from the date of registration of prepaid instrument.
  • Shall be applicable from 2nd quarter onwards.

Refunds

  • If We receive a request from a User for refund or cancellation of payment, we will forward the request to the Merchant. When the Merchant receives a forwarded request for refund or cancellation, the Merchant will determine whether a refund or cancellation request must be processed. If the said request must be processed, in accordance with these terms and conditions. Whenever a refund is agreed to be made by the Merchant to a Customer, the same shall be credited within 15 working days
  • Where We determine that a refund request is valid, we will make every reasonable effort to grant the refund request and return the requisite funds to Your UDIO Wallet.
  • We will make every reasonable effort to respond to Your refund request at the earliest. Please note that We will not be responsible for delays, which may be caused by any third parties, such as Partner Bank, banks and Merchants, on whom We rely while processing Your refund request

Termination of UDIO Account

  • We reserve the right to modify, terminate or suspend Services to You at any time without prior notice due to any changes in internal policy or due to RBI Regulations or other applicable laws.
  • You may initiate an unsubscribe request by uninstalling the app and writing to ping@udio.in. Customer has to self-initiate transfer of any unused balances to his account. Pending KYC Customers can transfer the available wallet balance (one-time option) by writing to ping@udio.in
  • Any unused balance will continue to exist till date of expiry of the same.
  • You will remain responsible for all transactions that occurred prior to termination of Your Account.

Expiry of UDIO Wallet

  • "Expiry" of Your UDIO Wallet will occur under the following circumstances:
    • Expiry of a period of 3 (three) years from the date on which You successfully registered for an Account;
    • Expiry of a period of 1 (one) year between the date of successful registration of Your Account and the first use of Services; or
    • Expiry of a period of 1 (one) year from the date on which the last use of Services occurred.
  • We will inform You via Your Registered Email ID and/or Registered Phone Number 45 (Forty-five) days prior to Expiry of Your UDIO Wallet.
  • Please note that on the date of Expiry, Your account will be converted to inactive state and any remaining balance in Your UDIO Wallet may be forfeited to Us at our discretion.
  • The above T&C’s are in compliance of the various norms, rules, regulations, laws and statutes issued by RBI, or any other regulatory body.

Service Requests

PIN Change:

  • Customer can update PIN or Udio password from the app. An OTP will be triggered to verify the update. New PIN/Password can be set by adding the OTP along with the new PIN/Password

Mobile Number change:

  • Customer mobile number is not changeable due to security reasons. User can however register with a new mobile number and transfer cash balances from his wallet to new mobile number.

Co-branded Prepaid Instruments:

You hereby acknowledge and agrees that TranServ can tie-up with a third party company for the purpose of offering a co-branded prepaid instrument basis the customer’s membership for the Udio Wallet. In such cases, you can operate balances in Udio Wallet through environment (Mobile app / Website) of other such partners. You also allow TranServ to share certain details including KYC, balance information for facilitating operations of such co-branded prepaid instruments.
In such cases, you may be requested to provide specific consent for providing such access. In such cases, the terms and conditions of the third party shall also become abiding for the customers.

Negative Balances

  • Negative balances in the wallet may occur in cases where customer does multiple simultaneous transactions. In such cases, TranServ reserves the right to adjust any negative wallet balance against subsequent wallet loads.

Transaction Statement:

  • Customer can view and download the statement from the Mobile App.
  • The statement consists of all transactions
  • All transactions up to 6 months from current date are available for the customer to download from the app.
  • For details of transactions done prior to 6 months, customer can write to ping@udio.in with registered mobile number and details of transaction required.

Use of website and mobile app

You understand that except for information, the products or services clearly indicated as being provided by TranServ, we do not operate, control, or endorse any information, products or services in anyway. You also understand that TranServ cannot and does not guarantee or warrant that files available for downloading through our website/ mobile app or any other form will be free of viruses, worms or other code that may be damaging. You are responsible for implementing procedures to satisfy your particular requirements and for accuracy of data input and output.

Customer’s Obligations & Covenants

The Customer, by conveying their acceptance to these Terms & Conditions, acknowledges and agrees that:

  • UDIO Wallet account is linked to your registered mobile number. TranServ will not be held liable for unauthorized use of UDIO Wallet on account of loss/theft/misplacement of mobile number and/or sim card, unless you have informed UDIO Wallet customer care about such loss/theft/misplacement and have blocked wallet temporarily till you reactivate the same using a new sim card with same mobile number.
  • As the account id is connected to your mobile number, it is your responsibility to inform TranServ in case you terminate using the mobile number that corresponds to your account id. The account id corresponding to the mobile number you register with can be accessed by you only till the time you have access to the corresponding mobile number. It is your responsibility to transfer your account id to a new mobile number if and when you change your number. Not doing so may give access to your UDIO Wallet credit balance to the new user of the same mobile number, and TranServ will not be liable or responsible for the same. In case of loss of your mobile phone and/or UDIO Wallet password/pin, you should intimate TranServ immediately. TranServ shall make every attempt to block access to your UDIO Wallet account under such circumstances; however, TranServ shall not be liable for any losses a user may incur due to the above. The responsibility to safeguard the UDIO Wallet account balance rests entirely with you.
  • The Customer will be liable for all Transactions and for the related charges.
  • The Customer accepts that at their request and risk that TranServ has agreed to provide the UDIO Services to them and the Customer accepts full responsibility for all Transactions recorded by the use of their UDIO Wallet.
  • An instruction given by means of the UDIO Wallet shall be irrevocable.
  • The Customer shall, in all circumstances, accept full responsibility for the use of their UDIO Wallet, whether or not processed with his knowledge or his authority, expressed or implied.
  • The Customer irrevocably authorizes TranServ to debit the amounts utilized by using the UDIO Wallet for Transactions.
  • The Customer agrees to receive all commercial messages including transactional messages from TranServ
  • The Customer should hold TranServ indemnified and harmless for its actions in good faith and in the normal course of business based on the Transactions.
  • TranServ will employ its best efforts in carrying out the Transactions but will not incur any liability to the Customer, the Merchant or any other person for any reason whatsoever, including for its delay or inability to carry out a Transaction or an instruction.
  • Amounts due and payable by the Customer, if not paid separately, shall be recovered by TranServ.
  • TranServ may at its sole discretion withdraw or suspend the UDIO Wallet or any UDIO Services, or amend any of their features without notice to the Customer.
  • TranServ shall have discretion for not to allow the Customer to carry out a Transaction where it has any reason to believe that the use of the UDIO Wallet is not authorized or the Transaction appears to not be genuine or unclear or raises such doubts. TranServ, at its sole discretion, reserves the right to either temporarily or permanently withdraw the privileges of the UDIO Services, or the UDIO Wallet, and/or cancel the UDIO Services, or the UDIO Wallet, at any time without giving any notice or assigning any reason thereof, to any Customer. In case of temporary withdrawal, the privileges may be reinstated by TranServ as deemed fit. However, it is made distinctly clear the withdrawal (temporarily or permanently) shall constitute automatic withdrawal of all attendant benefits, privileges and services attached to the UDIO Services, or the UDIO Wallet, as the case may be. However, the Customer shall continue to be fully liable for all the charges incurred for usage of the UDIO Services, or the UDIO Wallet, as the case may be, prior to such withdrawal together will all other applicable charges thereon, unless other specified by TranServ.
  • By accepting these Terms & Conditions, you authorize us to settle funds on your behalf. Your authorization will remain in full force and effect until your UDIO Wallet is closed or terminated.

Representations & Warranties

Customer represent and warrant to us that:

  • You are at least 18 (eighteen) years of age;
  • You are eligible to register and use the UDIO Services and have the right, power, and ability to accept and perform your obligations under these Terms & Conditions;
  • Your obligations hereunder constitute legal, valid, binding and enforceable obligations;
  • the acceptance of these Terms & Conditions do not breach any law, provisions of any contract or order of court applicable to you and do not require any applicable governmental approval;
  • You will not use the UDIO Services, directly or indirectly, for any fraudulent undertaking or in any manner so as to interfere with the delivery of the UDIO Services; and
  • Your use of the UDIO Services will be in compliance with these Terms & Conditions.
  • You are duly organized and validly existing under the laws of the jurisdiction in which you are established;
  • You have the requisite power and authority to execute, deliver and perform these T&Cs and that these T&Cs have been duly and validly authorized, executed and delivered by you;
  • You will not be indecent, obscene in his communications with Us or other Users;
  • You will not be seditious, offensive, abusive, liable to incite racial, ethnic or religious hatred, discriminatory, menacing, tortuous, scandalous, inflammatory or blasphemous in his communication with Us or other Users;
  • You will not constitute and/or encourage conduct that would be considered a criminal offence, give rise to civil liability, or otherwise be contrary to the law;
  • You will not spread material that is technically harmful (including, without limitation, computer/ mobile viruses, logic bombs, Trojan horses, worms, harmful components, corrupted data or other malicious software or harmful data or any other code or files) or other computer programming routines that may damage, detrimentally destroy, limit, interrupt, interfere with, diminish value of, surreptitiously intercept or expropriate the functionality of any system, data or personal information. You will not create liability for Us or cause Us to lose (in whole or in part) goodwill or business; and
  • Your communication with Us or other Users will not be in the nature of political campaigning, unsolicited or unauthorized advertising, promotional and/ or commercial solicitation, chain letters, pyramid schemes, mass mailings and/or any form of "spam" or solicitation.
  • In order to register, create and use the UDIO Services, TranServ may require that you submit certain information ("Personal Information"), including but not limited to your name, address, mobile phone number, e-mail address, date of birth, and permanent account number (PAN) to. You agree that the Personal Information you provide upon registration and at all other times will be true, accurate, current and complete. You also agree to update the address in case of any change in address.
  • During the registration process, or when you access the UDIO Services from a mobile phone, your mobile phone’s device ID may be stored.
  • You agree to maintain and update this Personal Information in case of any changes or inconsistencies. We rely completely on your representation that you are eligible and will bear no responsibility if you or anyone who uses your account or UDIO Wallet is found to not be eligible.

Nonworking Days

  • We are reliant on third parties such as banks to deliver timely Services. Since We cannot control the actions of such third parties, we will not be responsible to render Services or process payments or refunds on the following days ("Nonworking Days"):
  • Days which are declared as holidays by the RBI, or any other day which is declared a holiday by the RBI on its official website and UDIO Wallet;
  • Days including Saturdays and Sundays and declared as bandhs or festivals in Mumbai, any State or Union Territory in India.; and
  • Days on which a "Force Majeure" event occurs, as defined under the terms and conditions

Indemnity

Customer hereby undertakes and agrees to indemnify, defend and hold harmless TranServ including their officers, directors and agents from and against all actions, proceedings, claims (including third party claims), liabilities (including statutory liability), penalties, demands and costs (including without limitation, legal costs), awards, damages, losses and/or expenses however arising directly or indirectly, including but not limited to, as a result of:
breach or non-performance by the Merchant of any of its undertakings, warranties, covenants, declarations or obligations under this Agreement;

  • breach of confidentiality and intellectual property rights obligations by the Customer;
  • any claim or proceeding brought by the Customer or any third party against TranServ in respect of any Products or Services offered by the Merchant;
  • any act, deed, negligence, omission, misrepresentation, default, misconduct, non-performance or fraud by the Merchant, its employees, contractors, agents, Customers or any third party;
  • Chargebacks or refunds relating to the Transactions contemplated under these T&Cs;
  • breach of law, rules regulations, legal requirements (including RBI regulations, Card Association Rules, Acquiring Bank rules) in force in India and/or in any place from where the Customers is making the Transaction and/or where the Product is or to be Delivered and/or where the respective Issuing Institution is incorporated/registered/established; or
  • any fines, penalties or interest imposed directly or indirectly on TranServ on account of Customer’s or Transactions conducted through them under these Terms and Conditions.
  • The indemnities under this Clause are in addition to and without prejudice to the indemnities given elsewhere in this Agreement. The indemnities provided herein shall survive the termination of these T&Cs.

Governing Law & Jurisdiction

These Terms & Conditions and/or the Transactions shall be governed by Indian law and all courts in Mumbai shall have the exclusive jurisdiction as regards any claims or matters arising out of the use of the UDIO Services, including the UDIO Wallet.

Marketing and Promotional Offers

  • You accept that TranServ may send alerts or information regarding what TranServ perceives to be of your interest. These could be in the form of SMS, e-mail, message or calls on your mobile number or e-mail Id, provided by the customer while registering for the service or to any such number replaced and informed by the customer. This message may include offers, discounts and general information.
  • In case a customer wishes to opt out of marketing and promotional messages you will need to provide such an instruction by sending an email to ping@udio.in specifically with subject "Opt Out".

Communication/Notification/Alerts

  • You understand and agree that you are solely responsible for receiving notices or any other information in relation to the UDIO Services including at the email address that has been provided by you, and that TranServ is not in any manner responsible for any delay or failure in this regard. By consenting, you agree that electronic notices and information have the same meaning and effect as if we provided you with paper notices or information. When TranServ sends you an e-mail or other electronic notification alerting you that such notices or information are available electronically, that shall have the same meaning and effect as if we provided you with a paper notification to such effect, whether or not you choose to view such notices or information electronically. You hereby agree to keep updated all the contact details provided to TranServ while registration.
  • You agree to receive Mobile App notifications, sms, authorising TranServ & its representatives to send SMS, to call or email you with reference to your registered account. This consent will override any registration for DND/DNC/NDNC.
  • You acknowledge that the alerts will be received only if the mobile phone is in ‘On’ mode to receive the SMS. If the mobile phone is in ‘Off’ mode, then the customer may not get / get after delay any alerts sent during such period. You also agree that the mobile app notification will be managed by as per your choice on your phone. The customer cannot hold TranServ liable for non-availability of the service in any manner whatsoever.
  • You acknowledge that the SMS service provided by TranServ is an additional facility provided for the customer’s convenience and that it may be susceptible to error, omission and/ or inaccuracy. In the event the customer observes any error in the information provided in the alert, TranServ shall be immediately informed about the same by the customer and TranServ will make best possible efforts to rectify the error as early as possible. The customer shall not hold TranServ liable for any loss, damages, claim, expense including legal cost that may be incurred/ suffered by the customer on account of the SMS facility. The customer acknowledges that the clarity, readability, accuracy, and promptness of providing the service depend on many factors including the infrastructure, connectivity of the service provider. TranServ shall not be responsible for any non-delivery, delayed delivery or distortion of the alert in any way whatsoever.

By accepting the terms and conditions the customer acknowledges and agrees that TranServ may call the mobile phone number or contact you on your e-mail id, provided by the customer while registering for the service or to any such number replaced and informed by the customer, for the purpose of collecting feedback

Risk Management:

TranServ reserves the right to apply restrictions in order to prevent/reduce/tackle fraudulent transactions including but not limited to the right to decline request or registration, reversing wallet loads/transaction, refunding funds to source account, keeping settlements on hold etc. TranServ shall also apply velocity parameters including transaction limit, time limit between 2 transactions etc.

Prohibited Transactions: 

You agree that you will not use the Udio wallet to process a Payment Transaction or otherwise transfer money, that is unrelated to a purchase of a Product. You will not use the wallet to process Payment Transactions in connection with the sale or exchange of any illegal goods or services or any other underlying illegal transaction or any transaction in connection with the sale or purchase of goods or services, or other remittances that are prohibited under the (Indian) Foreign Exchange Management Act, 1999 and the regulations made there under, as may be amended from time to time.

You also agree that you will not use the wallet for purchase of the following: 1) Firearms 2) Alcohol 3) Explosives 4) Pornography materials and services of any kind whatsoever 5) Live animals 6) Banned / illegal drugs or other controlled substances 7) Fireworks or pyrotechnic devices or supplies 8) Hazardous materials, combustibles, corrosives 9) Web site access and / or web site memberships of pornography or illegal sites. 10) Gambling transactions. 11) Multi-level marketing or Pyramid schemes. The detailed list is available on http://shmart.in/contraband.html

Failure to comply with these limitations may result in suspension or termination of your use of the Service

Miscellaneous Disclaimers

  • We are not involved in any underlying transaction between You, any other User, Merchant, Partner Bank, Card Issuer bank or other third party. We are not a bank and do not offer banking services.
  • We may use the services of one or more third parties to provide the Service and process Your transactions. We are not a selling agent in connection with any sale to You of goods or services by any person. We have no control over the quality, fitness, safety, reliability, legality, or any other aspect of any good or service that you may purchase using the Service or any third party website that You may use to access the Service.
  • Your use of the Service is at your sole risk. The Service is provided on an "as is" and "as available" basis. We disclaim all warranties of any kind whether express or implied including without limitation, any representation or warranty for accuracy, continuity, uninterrupted access, timeliness, sequence, quality, performance, merchantability, fitness for any particular purpose, non-infringement or completeness. Specifically, we disclaim any and all warranties including, but not limited to any warranties concerning the availability, accuracy, usefulness, correctness or completeness of information, and any warranties of title, warranty of non-infringement, freedom from computer virus, warranties of merchantability or fitness for a particular purpose, other than those warranties which are incapable of exclusion, restriction or modification under applicable laws.
  • You hereby authorise us to hold, receive and disburse funds in Your UDIO Wallet in accordance with any payment or receipt instructions We receive from You. Among other things, Your authorisation permits Us to debit or credit the bank account associated with Your Payment Details. Your authorisation will remain in effect as long as You maintain an Account with Us. You may view the transaction history associated with Your UDIO Wallet through your account. If You wish to request a refund or chargeback on any past transaction which has occurred through Your UDIO Wallet, You may do so in accordance with the provisions provided herein below in these T&Cs
  • You hereby authorise TranServ to use the customer data for the purpose not limited to analyse the customer behaviour on mobile application, website etc. to build product features or marketing offers.
  • TranServ may share some or all information provided by you with the Partner Bank, Payment Service Providers, card associations, regulators, government agencies or any other third parties as may be necessary for the efficient provision of UDIO Services by TranServ to the Customer. You hereby authorise TranServ to provide such information to such third parties. TranServ may, irrespective whether required under law or otherwise, seek additional information or documents from you on behalf of itself, Partner Bank or the Payment Service Providers for verifying any information provided during the registration.
  • We do not warrant or make any representations regarding the use or the results of the Service in terms of its compatibility, correctness, accuracy, reliability or otherwise. You assume total responsibility and risk for Your access and use of the Service. Any material downloaded or otherwise obtained through the use of the Service is done at Your own discretion and risk and that You will be solely responsible for any damage to Your operating system or loss of data that results from the download of any such material.
  • The execution and delivery of these T&Cs and the consummation of the Transactions contemplated herein do not breach its organizational documents or any law, provisions of any contract or order of court applicable to it and do not require any applicable governmental approval; and
  • The usage of the UDIO Services, including the UDIO Wallet, is non-transferable by you and neither TranServ nor the Partner Bank assumes any liability for any Transaction authorised by any other person than the Account Holder. TranServ and the Partner Bank cannot and will not be liable for any loss, damage or other liability arising from your failure to comply with this clause or from any unauthorised access to or use of the UDIO Services
  • No advice or information, whether oral or written, obtained by You from Us or through or from the Service will create any warranty not expressly stated in these T&Cs.
  • Although We adopt security measures that We consider appropriate for the offer of this Service, we do not assure or guarantee that no person will overcome or subvert the security measures and gain unauthorized access to the Service or any Accounts. We will not be liable if any unauthorized person hacks into or gains access to the Service or to Your Account and You will be liable and responsible for the same.
  • We will take every reasonable effort not to share any of the Payment Details, Registration Data or other personal information (collectively, "Personal Information") You provide Us, except as required under RBI Regulations and other applicable laws, or to the limited extent necessary for us to implement any payment instructions We receive from You. We will bear no liability for the consequences in any event where Your Personal Information has been willingly or inadvertently shared by You with any third party.

Amendment:

We may amend this Agreement at any time by posting a revised version on our website. The revised version will be effective at the time we post it.

Grievance Redressal

The Customer grievance would be handled as per the Customer Grievance Redressal Mechanism placed on the website and app which may be updated from time to time. The Customer can follow the redressal mechanism to lodge complaint if they are not satisfied with the services rendered by TranServ. The complaint can be sent to ping@udio.in


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