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“ON-US” shall have the which means ascribed to the time period within the Procedural Guidelines of NPCI, where biller and cost accumulating agent belong to PayU. “Customer” shall mean the person who wish to avail Bill Payment Services over Bajaj Finserv Platform for making payments in path of identified Billers. “Agent Institution” shall mean agents onboarded by BBPOU as customer service points for provision of BBPS Services. BFL is facilitating the Bill Payment Services within the capacity of an Agent Institution after being duly onboarded by PayU Payments Limited . The grievance can be raised for both the types of transactions i.e. fund transfer and merchant transactions.
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PSP Bank is responsible to place in place a grievance redressal mechanism for resolving complaints and disputes raised by the end-user customer. NPCI prescribes guidelines, regulations, guidelines, and the respective roles, duties and liabilities of the participants, with respect to UPI. This additionally consists of transaction processing and settlement, dispute administration and clearing cut-offs for settlement. BFL additionally reserves the right to withdraw a UPI VPA at any time whether it is found to be not as per the requirements prescribed by the Guidelines. The Customer agrees that BFL shall not be responsible for any delay within the completion of the funds transfer or any loss on account of error within the execution of the funds transfer. “UPI” refers to the Unified Payments Interface Service provided by NPCI in collaboration with its member banks.
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