PAYMAYA PHILIPPINES, INC.

a corporation duly

organized and existing under and by virtue of the laws

of the Philippines, having its principal business

address at 6/F Launchpad Building Sheridan St. Corner

Reliance St. Mandaluyong, Metro manila, Philippines,

represented herein by its Managing Director for

Enterprise, MARIO LAZARO, hereinafter referred to as

“PAYMAYA”;

and

[______________________________], a [sole

proprietorship/partnership/corporation/government

entity] duly organized and existing under and by virtue

of the laws of the [___________________], having its

business address at

[_____________________________________________________]

represented herein by its [____________________________],

[________________________________], hereinafter referred

to as “MERCHANT”

WHEREAS, PAYMAYA is duly licensed by the Bangko

Sentral ng Pilipinas to engage in the business of

issuance/creation of PAYMAYA Account and acquiring

MERCHANTS to accept payments through various

channels like Card, QR Code and WeChat Pay

transactions;

WHEREAS, MERCHANT, has agreed with PAYMAYA to

honor every Card and/or every payment made through

QR Code and WeChat Pay acceptance, in relation to the

purchase by Cardholders of MERCHANT’s goods and/or

services under the terms and conditions hereinafter

stipulated;

NOW THEREFORE, for and in consideration of the

foregoing premises and the covenants and stipulations

set forth below, PAYMAYA and the MERCHANT hereby

agree as follows:

DEFINITION OF TERMS

Account Holder – refers to an individual to whom the

PAYMAYA Card/account (or other accredited and

accepted Bank/ EMI Accounts) is issued and whose

name appears on the client application form, as may be

applicable. Refers also to the Principal Account Holder.

Agreement – this Agreement together with its annexes

and the other documents specifically stated and

identified as its integral parts, including but not limited

to, the Client Application.

Business Day – shall mean any day excluding Saturdays,

Sundays, days declared in the Philippines as public

holidays and days declared by the Bankers Association

of the Philippines as a holiday.

Card – shall mean an unexpired or a valid credit, debit

or prepaid card issued by a member of Card Network.

Cardholder – shall refer to an individual whose name is

imprinted/embossed on the Card and whose signature

appears on the signature panel of the Card.

Card Networks – are payment networks (e.g. Visa,

Mastercard, JCB, etc.) linked to payment cards, such as

prepaid, debit or credit cards, of which a bank or any

other eligible financial institution can become a

member.

Card Transaction - means a legitimate transaction of

payment or settlement between the Merchant and the

Cardholder performed in whole or in part via electronic

communication through the Internet and to be settled

by a Card by way of Sale.

Charge Slip – shall mean the forms supplied or

approved by PAYMAYA for the purpose of

consummating sales or credits to be charged or

credited to the account of the Cardholder on the basis

of the Credit Card properly honored by the MERCHANT

pursuant to the terms hereof. This is used whenever the

transaction is processed manually.

Customer – shall mean a person or organization that

purchases goods or services from a MERCHANT.

E-commerce Transaction – shall mean the electronic

means by which payment transactions are processed.

This is a transaction processed over electronic systems

such as but not limited to, the Internet, mobile phone

applications, and other computer networks. This

transaction method does not require the Cardholder to

physically present the Card to the MERCHANT for

validation.

EMI – Refers to Electronic Money Issuer.

Face-to-face Transaction – Refers to payment made by

a Cardholder or Account Holder through presentation

of a card or scanning of a QR Code through mobile

application or other possible mode of payment in the

Merchant’s physical store as payment for goods and

services.

Force Majeure – any event that is (a) beyond the

control of any party and (b) directly affects the

performance of the obligations under this Agreement

which shall include, but not be limited to: earthquakes,