Terms and Conditions
Effective Date: December 2022
Welcome to Bompay! By accessing or using our app or services, you agree to be bound by the following terms and conditions. Please read them carefully.
1. Acceptance of Terms
By creating an account, using any of Bompay’s services, or accessing the platform, you agree to comply with and be legally bound by these Terms and Conditions.
2. Services Provided
Bompay offers the following financial technology services:
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Bill payments (electricity, internet, TV, etc.)
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Mobile airtime and data recharge
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USD virtual cards for online purchases
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Savings plans with interest options
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Payment collections for individuals and businesses
3. Eligibility
You must be at least 18 years old and legally capable of entering into a binding agreement to use Bompay. By using the app, you confirm that you meet this requirement.
4. Account Registration
You are responsible for maintaining the confidentiality of your login credentials. You agree to provide accurate and complete information when registering and to update it as necessary.
5. Wallet & Payments
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You can fund your Bompay wallet via bank transfer, card, or other methods provided.
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All transactions are final once confirmed by you.
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We may charge fees for specific services (e.g., card issuance, currency conversion). These will be displayed transparently in-app.
6. USD Virtual Cards
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Virtual cards are issued for personal or business use to make online payments in USD.
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Cards may be subject to usage limits, issuance, and maintenance fees.
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You are responsible for ensuring sufficient wallet balance before funding a card.
7. Savings
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Bompay offers flexible and locked savings options.
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Interest rates and terms may vary and will be clearly disclosed before you initiate a savings plan.
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Early withdrawal from locked savings may attract penalties.
8. Collections
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Users can create payment links or receive payments via designated bank accounts.
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Bompay reserves the right to review or limit collections to prevent fraud or misuse.
9. User Responsibilities
You agree not to:
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Use Bompay for any illegal, fraudulent, or abusive purposes.
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Violate any applicable laws or regulations.
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Interfere with or disrupt the integrity of the service.
10. Security
We use industry-standard encryption and security practices to protect your data and transactions. However, you are also responsible for securing your account access and device.
11. Privacy Policy
Your use of Bompay is also governed by our [Privacy Policy], which outlines how we collect, use, and protect your data.
12. Termination
We reserve the right to suspend or terminate your account if we detect any misuse, fraud, or breach of these terms.
13. Limitation of Liability
Bompay shall not be liable for any indirect, incidental, or consequential damages resulting from the use or inability to use our services.
14. Modifications to Terms
We may update these terms occasionally. Continued use of Bompay after such updates constitutes acceptance of the new terms.
16. Contact Us
If you have any questions or concerns about these Terms and Conditions, please contact us at:
📧 support@bomdrives.com