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74332744090408934376552
PG Transaction ID PG2403291220319906544093
Transaction ID T2403291220243004873229
RRN No 89053059
CB Ref No EVP008271
Customer Email
Reversal Payment ID NA
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Usage details
Card Transaction ID Usage Transaction ID Date IP Description Amount Debit From Auth Mode Credit To Status Other Details
These Terms of Use regulate the use of Rent Payment service enabled by PhonePe
Private Limited, a company incorporated under the Companies Act, 1956 with its
registered office at Unit No.001, Ground Floor, Boston House, Suren Road, Off.
Andheri-Kurla Road, Andheri (East) Mumbai – 400 093, Maharashtra, India
(hereinafter referred to as “PhonePe”/ “We”/ “Us”/ “Our”). PhonePe has been
authorized in this regard by the Reserve Bank of India (“RBI”) to issue semi closed
PPI in accordance with the provisions of the Payment and Settlements Act, 2007 and
the regulations and directions issued by RBI from time to time.
For the purpose of these Terms of Use, “Beneficiary” shall mean the entity/person
who is the landlord of the premises for which You are paying rent using the Rent
Payment feature available in PhonePe Platform.
We reserve the right, at Our sole discretion, to change, modify, add or remove
portions of these Terms of Use, at any time without any prior written notice to You. It
is Your responsibility to review these Terms of Use periodically for updates /
changes. Your continued use of PhonePe App following the posting of changes will
mean and signify that You accept and agree to the revised Terms of Use. As long as
You comply with these Terms of Use, We grant You a limited privilege to utilize the
PhonePe App for availing Our Rent Payment services.
You agree and understand that We may review the data/information provided by You
and undertake appropriate due diligence, including risk management. We may also
fetch data from other sources available in public or through Our business partners or
service providers which may pertain to You as part of due diligence and risk
management.
The features and any limits are subject to PhonePe’s internal risk assessment and
We may change/modify such limits, apply cooling period and restrict beneficiary
addition and limit the rent payment. You understand that We may or may not
communicate the above action to You.
You agree and understand that PhonePe, based on its internal policies, regulatory
and statutory guidelines may report transactions to appropriate authorities in case
such transaction is classified as suspicious or fraudulent and We shall not be made
liable for any loss caused to You for such obligatory reporting by Us, even if any such
transaction is found to be regular and lawful at a later stage.
USING THE PHONEPE RENT PAYMENT FEATURE IN THE PHONEPE APP INDICATES YOUR
AGREEMENT TO ALL THE TERMS AND CONDITIONS. HENCE, PLEASE READ THESE TERMS
CAREFULLY BEFORE PROCEEDING.
a. You agree and understand that PhonePe is neither Your agent nor an
agent of the Beneficiary. PhonePe is only a facilitator of payments
made by You to a Beneficiary.
b. You agree and confirm that You are availing the Rent Payment facility
solely for the purpose of paying rent to the Beneficiary as per the
terms of a valid agreement entered between You and the Beneficiary.
c. You agree and confirm that You are residing in or using the premises
for which You are paying rent to the Beneficiary using PhonePe’s
Rent Payment facility.
d. Your use of the Rent Payment service means and signifies that You
have authorized PhonePe to hold, receive and disburse funds in
accordance with its applicable terms and policies.
2. Setting up Rent Payment:
a. You agree and understand that Your payment shall be processed as
per the details submitted by You. For the purpose of availing the
Rent Payment facility in the PhonePe Platform, You may be required
to provide the following information about the Beneficiary:
- Name of the Beneficiary;
- Account details of the Beneficiary (Bank Account details or UPI
Address);
- Amount of rent to be paid by You to the Beneficiary;
- Address of the premises for which You are paying the rent; and
- PAN card details (if required) of the Beneficiary.
a. You agree and accept that PhonePe may levy a convenience fee or
any other charges for providing the Rent Payment services to You.
4. Your Responsibilities: In connection with Your use of PhonePe’s Rent Payment services, You shall
be solely responsible for the following:
a. You agree that all risks arising from online transactions shall be
solely borne by You.
b. Except as expressly provided in these Terms of Use, PhonePe
disclaims on its behalf and on behalf of its third-party partners, any
and all representations and warranties, either express or implied,
statutory or otherwise, with respect to the Rent Payment services
including without limitation warranties of merchantability, title,
fitness for a particular purpose, non-infringement, uninterrupted,
timely or error-free operation.
c. You agree that the Bank/Card issuing company facilitating this
transaction and PhonePe may from time to time (i) seek additional
information from You, (ii) conduct various verifications to cross
check such information, and (iii) initiate legal action against You, in
case they are of the view that You have submitted any untrue and/or
incorrect tenancy details.
d. Except as expressly provided herein and to the full extent permitted
by law, the Rent Payment services are provided "as is", "as available"
and "with all faults". All such warranties, representations, conditions,
undertakings and terms, whether express or implied, are hereby
excluded. It is Your responsibility to evaluate the accuracy,
completeness and usefulness of the Services and other information
provided by PhonePe or generally available. We do not authorize
anyone to make any warranty on Our behalf and You should not rely
on any such statement.
7. Other Terms: