Common use of Service Overview Clause in Contracts

Service Overview. 1.1 The App enables You to create digital wallets linked to a virtual payment card(s) and hold physical Mastercard issued prepaid cards (Card/s). 1.2 At the time of registration, You will have 2 (two) Wallets created on Your Account profile, and You may create an additional 3 (three) Wallets, meaning that You are limited to 5 (five) Wallets at all times. 1.3 You may also request physical prepaid Card/s from Us. The physical Card will be issued to You, upon request in accordance with our standard processes. The issue of the Card may carry a fee (as set out in clause 20). 1.4 You can load money into a Wallet by: 1.4.1 having Your salary deposited into your Wallet; 1.4.2 an electronic funds transfer (EFT) from another bank account; 1.4.3 receiving funds from other App users; 1.4.4 a transfer from a Bank Card (subject to the fees, limits and rules in clause 20.2); or 1.4.5 Subject to clause 6.9, using an Instant EFT service (subject to You accepting the third party provider’s terms and conditions). 1.5 A Card can be used to (a) transfer money to, and receive money from, other App users, (b) withdraw cash from any ATM in respect of a physical Card, (c) purchase goods and services from Selected Merchants within the App or make in-store purchases by scanning (or “Spotting”) a participating QR code, and (d) make purchases anywhere Mastercard is accepted and our policy permits (either online, using the virtual card, or in-store if using the physical Card). 1.6 The App allows You to use Our ‘Tap to Pay’ functionality on Android enable devices. To use this functionality, You must opt-in to the functionality within the App. Tap to Pay allows You to use Your Mobile Phone as a payment device by simply ‘tapping’ Your Mobile Phone at a point of sale that accepts contactless payment methods. Please take note of clause 7.3 of this Agreement. 1.7 The App allows You to open a savings product with our appointed authorised financial service provider. You authorise us to make and receive payments to and from the provider (in accordance with your instructions) in order to facilitate the operation of your savings pocket. Please note that the service is subject to the providers terms and conditions and are not provided by Us or the Bank. 1.8 The App also allows You to explore and accept offers from Selected Merchants. These offers remain subject to You accepting the Selected Merchants terms and conditions and are not in any way affiliated with the Services provided to You by Us, or the Bank, in the App. 1.9 The App also allows You to create and/or use joint Wallets with other App users, subject to the terms of clause 8.2.

Service Overview. 1.1 The App enables You to create digital wallets linked to a virtual payment card(s) and hold a physical Mastercard issued prepaid cards card (Card/s). 1.2 At the time of registration, You will have 2 (two) Wallets created on Your Account profile, and You may create an additional 3 (three) Wallets, meaning that You are limited to 5 (five) Wallets at all times. 1.3 You may also request 1 (one) physical prepaid Card/s Card from Us. The physical Card will be issued to You, free of charge, upon request in accordance with our standard processes. The issue of the Card may Replacement cards will carry a fee (as set out in clause 20). 1.4 You can load money into a Wallet by: 1.4.1 having Your salary deposited into your Wallet; 1.4.2 an electronic funds transfer (EFT) from another bank account; 1.4.3 receiving funds from other App users; 1.4.4 a transfer from a Bank Card (subject to the fees, limits and rules in clause 20.2); or 1.4.5 Subject to clause 6.9, using an Ozow’s Instant EFT service (subject to You accepting the third party providerOzow’s terms and conditions). 1.5 A Card can be used to (a) transfer money to, and receive money from, other App users, (b) withdraw cash from participating retailers at points of sale or at any ATM in respect of a physical Card, (c) purchase goods and services from Selected Merchants within the App or make in-store purchases by scanning (or “Spotting”) a participating QR code, and (d) make purchases anywhere Mastercard is accepted and our policy permits within South Africa (either online, using the virtual card, or in-store if using the physical Card). 1.6 The App allows You to use Our ‘Tap to Pay’ functionality on Android enable devices. To use this functionality, You must opt-in to the functionality within the App. Tap to Pay allows You to use Your Mobile Phone as a payment device by simply ‘tapping’ Your Mobile Phone at a point of sale that accepts contactless payment methods. Please take note of clause 7.3 of this Agreement. 1.7 The App allows You to open a savings product with our appointed authorised financial service provider. You authorise us to make and receive payments to and from the provider (in accordance with your instructions) in order to facilitate the operation of your savings pocket. Please note that the service is subject to the providers terms and conditions and are not provided by Us or the Bank. 1.8 The App also allows You to explore and accept offers from Selected Merchants. These offers remain subject to You accepting the Selected Merchants terms and conditions and are not in any way affiliated with the Services provided to You by Us, or the Bank, in the App. 1.9 1.8 The App also allows You to create and/or use joint Wallets with other App users, subject to the terms of clause 8.2.