All of the defined and capitalized terms in these T&Cs shall have the meaning assigned to them here below:
"Account" refers to the account created for a User as soon as he successfully completes the process of registering at https://www.mobikwik.com, which contains information regarding his MobiKwik Wallet.
"Act" means the Payment and Settlement Systems Act, 2007 and any amendment, modification or re-enactment of the same, or any other succeeding enactment for the time being in force.
"Eligible" means satisfying the conditions of eligibility prescribed under Paragraph 3.1 of these T&Cs.
"Merchant" means any of the establishments/entities/traders listed on the webpage available at https://www.mobikwik.com which accept payment through MobiKwik Wallet for sale of their goods and services and with whom We have executed physical contracts. The list of Merchants available at https://www.mobikwik.com/ may be revised by Us from time to time without intimation to You.
"MobiKwik Wallet" means a semi-closed pre paid instrument issued by MobiKwik, which can be used by Users to purchase goods and services of Merchants in accordance with RBI Regulations, Applicable Law and these T&C's ("Services").
"MobiKwik", "We", "Our" or "Us" refers to One MobiKwik Systems Limited, a private limited company incorporated under the provisions of the Indian Companies Act, 1956, having its corporate office at 5th Floor, Huda City Centre Metro Station, Sector 29, Gurugram, Haryana 122001 and represented by its authorized signatory Mr. Bipin Preet Singh. MobiKwik is an authorized payment and settlement systems operator under the provisions of the Act.
"RBI" means the Reserve Bank of India.
"RBI Regulations" means the Act and regulations made thereunder, the Issuance and Operation of Pre-paid Instruments in India (RBI) Directions, 2009 and any notifications, master circulars, instructions or guidelines issued and updated by the RBI from time to time, in relation to the same.
"Terms and Conditions of Service" or "T&Cs" refers to these terms and conditions of use of MobiKwik's Services, which are available at here/ or uploaded/posted by MobiKwik on its website or mobile application and any future revisions of the same.
"User", "You" or "Your" refers to any Eligible person, competent to enter into a contract under applicable laws, who is bound by these T&Cs and successfully completes the registration for use of MobiKwik Wallet.
"Wallet-to-Bank Transfer" means a Service offered by MobiKwik in accordance with applicable law and RBI Guidelines, whereby a User can transfer funds from his MobiKwik Wallet to a designated savings or current bank account.
"Wallet-to-Wallet Transfer" means a Service offered by MobiKwik whereby a User can transfer funds from his MobiKwik Wallet to another MobiKwik Wallet, in accordance with RBI Regulations and these T&Cs.