T T S FINANCIAL SERVICES MIDDLE EAST L.L.C - User Agreement

Date published: 21 July 2026

Date of effect: 21 July 2026

WHY THIS INFORMATION IS IMPORTANT

This is the User Agreement for the Taptap Send mobile application (the “App”) and our services. It also sets out other important things you need to know.

This User Agreement, along with the Privacy Policy, eCommunications Policy and any other terms and conditions that apply to our services, form a legal agreement (the “Agreement”) between:

• you, the user (“you”); and

• us, T T S Financial Services Middle East L.L.C (“Taptap Send” or “we”, “us”, “our”).

By signing up for the services and using the App, you are accepting and agreeing to be bound by the Agreement. We provide our services to you through the App. We may provide information and/or our services in other ways too, like through web pages. Our Agreement applies whenever and however you access our services or other information. You can at any time, and at no cost, stop using the App by deleting it or ending the Agreement (see Section 11).

If you participate in any rewards programme, you agree to be bound by any separate terms and conditions (for example, our Referral Program https://www.taptapsend.com/referrals-terms).

About us

We are a company incorporated in the mainland UAE (the “UAE”) under register number 2810196 and commercial license number 1601866, with registered office at The Offices 3, Trade Centre Second, Dubai, United Arab Emirates, licensed by the Central Bank of the UAE (the “CBUAE”) as a: (i) stored value facility (“SVF”) provider under the Stored Value Facility Regulation (Circular No. 6/2020) (the “SVF Regulation”); (ii) Category II payment service provider under the Retail Payment Services and Card Schemes Regulation (Circular No. 15/2021) (the “RPSCS Regulation”); and (iii) Exchange Business Category IV License holder under the Exchange Business Regulation (Circular No. 7/2025) (the “Exchange Business Regulation”).

We are authorised and licenced by the CBUAE to provide the following financial services:

• issuing and operating a stored value facility (Digital Wallet);

• retail payment services comprising: (i) cross‑border fund transfer services; (ii) domestic fund transfer services (including peer‑to‑peer transfers between Taptap Send Digital Wallets); and (iii) and payment instrument issuance via the App; and

• remittances via digital channels whether in local or foreign currencies, including domestic and cross-border money transfers.

The best way to contact us is by phone at +971 48820026 or email (support@taptapsend.com). Please see the “Support” section of the App or the “Contact Us” section of our website for more details.

1. DEFINITIONS

1. “App” means the Taptap Send mobile application.

   “Business Recipient” means businesses, including but not limited to suppliers, educational institutions, utility providers, hospitals and associated healthcare facilities.

   “CBUAE Rules” means the SVF Regulation, the RPSCS Regulation and any other applicable rules, guidelines or circulars relevant to the Services issued by the CBUAE, as amended from time to time.

   “Customer Float” means the funds, money or Money’s Worth paid to Taptap Send by customers for value stored on a facility (including Digital Wallets).

“Destination Country” means the country in which the Recipient receives money or Digital Content through the Service.

5. “Digital Content Services” means our service that allows you to buy Digital Content from us and send it to a Recipient.

   “Digital Content” means data that is produced and supplied in digital form, including mobile data and/or airtime, or similar online vouchers.

   “Digital Wallet Services” means the issuance and operation of an SVF by Taptap Send via the App, including loading and redemption of stored value and execution of payment obligations.

   “Digital Wallet” means the non‑device based stored value facility issued and operated by Taptap Send via the App that allows you to load, hold, spend and redeem stored value in accordance with the CBUAE Rules.

   “Merchant Payment Service” means a Payment Service that allows you to send funds to a closed list of merchants and utilities providers in pay‑out countries for goods and services for a beneficiary.

   “Money’s Worth” has the meaning given under in the SVF Regulation.

   “Payment Instruction” means a specific instruction from you requesting us to effect a Transfer.

   “Payment Method” means a valid instrument of payment used to initiate a Payment Instruction or to pay for Digital Content, including: (i) your Digital Wallet balance; or (ii) a UAE bank account or a debit/salary card.

   “Payment Services” means the provision of the remittance service enabling you to make Transfers.

   “Recipient” means someone (including Business Recipients) who receives money or Digital Content into an account or by way of cash-pick up, mobile money or similar services, in each case provided by a Service Provider pursuant to a Payment Instruction or instruction to buy and send Digital Content sent through the Services.

   “Security Details” means the security credentials associated with your account with us, including your password and any other login information that we may choose to accept from time to time (including biometric information).

   “Sender” means someone who uses the Services to send money or Digital Content.

   “Service Fee” means our fee (which may vary, for example, depending on the destination of the Sender and the Recipient and the amount of the Transfer), which will be presented to you before paying for a Service.

   “Service Provider” means a local bank, mobile network operator, or other third party service provider in a Destination Country which provides an account, cash pick-up, cash delivery, mobile wallet or similar services to a Recipient or an account for Digital Content.

   “Services” means the Payment Services, Digital Content Services and Digital Wallet Services.

   “Transfer History” means the record of your Transfers and purchases of Digital Content on our App, which you may access using your email and password registration details.

   “Transfer” means the transfer of money through the Payment Services.

2. USING THE SERVICES

   1. The Services allow you to:

      1. use Digital Wallet Services to load, hold and spend stored value under an SVF issued and operated by Taptap Send via the App and redeem such stored value;

      2. send domestic or international Transfers to Recipients via selected Service Providers in Destination Countries; and

      3. purchase Digital Content from us to send it via selected Service Providers to a Recipient.

   2. Payment Services include domestic and cross-border fund Transfer services, peer‑to‑peer Transfers between Taptap Send Digital Wallets, and the Merchant Payment Service. Digital Content Services include airtime/data vouchers.

   3. When you use our Payment Services to send a Transfer to a Recipient, you may fund the Transfer using one of the following methods, as available in the App:

      1. Wallet-Based remittance: You may fund a Transfer from your Digital Wallet balance. When you submit a Payment Instruction, the Transfer amount (together with any applicable Service Fee and taxes) will be debited from your available Digital Wallet balance.

      2. Pass-Through remittance: Alternatively, you may fund a Transfer directly from an external Payment Method (such as a UAE bank account or payment card) without first loading funds into your Digital Wallet. The Transfer amount (together with any applicable Service Fee and taxes) will be debited directly from your selected external Payment Method.

   4. To register for the Services, download the App (e.g. from the Apple App Store or Google Play) and follow the instructions.

   5. Once you have registered for the Services and have logged into the App, you can:

      1. with respect of Digital Wallet Services, view your wallet balance and transaction history, add funds to and redeem funds from, your wallet and initiate payments from your wallet balance;

      2. submit Payment Instructions by selecting what kind of payment you want to make, choosing your Payment Method, entering or selecting the amount and associated information, then clicking “Send” or equivalent on the confirmation page;

      3. view your Transfer History; and

      4. purchase Digital Content by selecting the type of Digital Content, choosing your Payment Method, entering or selecting the Recipient and account you want to send it to, enter the associated information and then clicking “Send” (or equivalent) on the confirmation page; manage your use of the Services.

   6. For security reasons, we may require you to re-enter your Security Details or otherwise confirm your identity to finalise Payment Instructions or access certain functions in the App.

   7. Updates to the App may be issued through App Store or Google Play. Depending on the update, you may not be able to use our Services via the App until you have downloaded the latest version of the App. We will use reasonable endeavours to provide you with reasonable advance notice of any planned interruption to the Services expected to exceed four (4) hours. Where reasonably practicable, we will schedule planned maintenance to minimise disruption to the Services.

3. YOUR OBLIGATIONS

   1. You must be 18 years old to use the Services.

   2. We are required by law to carry out security and customer due diligence checks on you (and other parties for example, the Recipient) in order to provide our Services. We may verify your residential address and personal details to confirm your identity and we may require additional verification when you initiate high-risk transactions or request changes to your contact details. We may also pass your personal information to a credit reference agency, which may keep a record of that information. We may also need to verify the identity of a Recipient in the same way. All information provided by you will be treated securely and strictly in accordance with our Privacy Policy. You agree:

      1. to provide us with accurate and truthful information about your and the Recipient’s identity and any identity documents we ask for;

      2. to promptly update your personal information (including your address) if it changes;

      3. to complete any multi‑factor authentication or other identity checks we require, including for high‑risk transactions and for any request to add, amend or remove your contact details;

      4. to comply with any requests for further information and documents we require; and

      5. that we may, directly or through any third party, make any inquiries we consider necessary to validate the information you provided to us, including checking commercial databases or credit reports.

   3. You consent to us processing, transmitting, and using your personal data for the purposes of providing the Services. Please see our Privacy Policy.

   4. You must make every effort to keep your Security Details safe and prevent unauthorised access to the Services by:

      1. changing your password regularly and ensure that it is not reused for other online services;

      2. not sharing your Security Details with anyone, including us, and letting us know immediately if anyone asks you for your Security Details;

      3. setting up 2-step authentication where prompted;

      4. if you use biometrics (e.g. fingerprint or face identification) to authenticate actions in the App, make sure only your biometrics are registered and can be used in the App;

      5. keeping your email account secure and letting us know immediately if your email address becomes compromised;

      6. contacting us immediately if you suspect your Security Details have been stolen, lost, used without your authorisation, or otherwise compromised. If this happens you should change your Security Details.

If you reveal, share or fail to keep safe your Security Details or personal information, or otherwise fail to comply with your obligations under Section 3.4 above (including without limitation, by sharing your password, or any other Security Detail or personal information with any person), whether through gross negligence, fraud or wilful misconduct, and a loss results from that breach, you shall bear full responsibility for all such losses and shall indemnify us against any and all claims, costs, damages and expenses (including third-party claims) arising directly or indirectly from that breach.

5. To report an unauthorised transaction, contact us immediately using the details in the “Support” section of the App and/or the “Contact us” section of our website, and no later than 30 days from the date you received the transaction confirmation. Any delay in telling us affects the security of your account and data (including your Payment Method) and makes you responsible for any financial losses.

6. You must not:

   1. use our Services in connection with illegal activity, including but not limited to money-laundering, fraud, and the funding of terrorist/proliferation activities and/or organisations;

   2. use our Services in connection with sexually oriented materials or services, gambling activities, or buying or selling tobacco, tobacco-related products, firearms, prescription drugs or other controlled substances;

   3. misuse our Services by introducing viruses, trojans, worms, logic bombs or other materials which are malicious or technologically harmful or attempt to gain unauthorised access to our Website, our servers, computers or databases;

   4. create more than one registration without our prior written permission;

   5. use our Services for speculative trading;

   6. use the Services to send Transfers or Digital Content on behalf of someone else;

   7. let someone else use your Security Details and send Transfers or Digital Content through the App (if you do this we will assume it is you and we will not be responsible for any losses you incur as a result of misuse or disclosure of information about your account by that third party);

   8. provide false, inaccurate, or misleading information; or

   9. refuse to provide confirmation of any information you provide to us, including proof of identity, or refuse to co-operate in any investigation.

4. TAPTAP SEND PAYMENT SERVICES

   1. To make Payment Instructions in the App, you must:

      1. provide information about your Transfer including the full name of the Recipient, the Recipient’s account details and the amount to be transferred;

      2. provide the unique identifier for the Recipient’s account (e.g. the account number or mobile number);

      3. select your Payment Method; and

      4. provide us with any additional information we may request relating to the Payment Instruction (for example, any specific reference number requested by a Business Recipient).

   2. We are not obliged to process any particular Transfer. When you submit a Payment Instruction, you are requesting that we process the Transfer on your behalf and consenting to the execution of the Transfer. We may, in our sole discretion, choose whether or not to accept the offer to process that Transfer (in accordance with Section 7 below).

   3. Before you confirm a Payment Instruction, we will provide you with disclosures notifying you of the following:

      1. the Service Fee to be charged (if any), any applicable taxes to be charged by us, the applicable exchange rate you will receive and, if known, the fees that will be imposed by the Recipient’s Service Provider. The exact amount received by Recipient may also be less due to fees charged by Recipient’s Service Provider and foreign taxes. Please note that the Recipient’s Service Provider may also impose additional or significant charges if errors or omissions in the transfer information result in the transaction being rejected, returned or delayed;

      2. the amount the Recipient is expected to receive and the currency of payment. Please note that the amount received may be reduced by additional charges or fees, including those imposed by third parties;

      3. the estimated time for the funds to be made available to the Recipient. Please note that actual transfer times may be longer than estimated due to factors outside of our control; and

      4. the name, contact details and location of the Recipient’s Service Provider (where available).

   4. When you click “Send” on the confirmation page, you authorise us to debit your Payment Method for the amount of the Transfer, any applicable taxes to be charged by us and any Service Fee, and to initiate the Transfer, and provide consent for us to do so.

   5. You must make sure all the details are accurate before submission. If you enter the wrong details you will send the Transfer to the wrong account and lose your money, we may not be able to get it back. Clear information on how you may cancel a Payment Instruction is set out at Section 8.

   6. Once you click “Send”, we receive your Payment Instruction and will start to execute the Transfer immediately. You will not be able to cancel or change it.

   7. We will treat a Payment Instruction as received at the time you confirm the Payment Instruction, whether or not that is during a business day. When the Recipient’s Service Provider receives the Transfer depends on the currency and Destination Country of the Transfer. It will reach the account of the Recipient as soon as we can get it there. Banking practices will vary depending on the Destination Country - for more information on when a payment will be credited to the Recipient’s account you will need to contact that Service Provider. While our Payment Service is generally able to send Transfers quickly, the Recipient’s Service Provider will receive the money, at the latest, within fourteen calendar days of us accepting the Payment Instruction. If your Transfer is not completed within this time frame, we shall initiate your refund within five (5) business days after such period has elapsed.

   8. Transaction times may be longer in the event that the Recipient’s Service Provider needs to undertake enhanced anti-money laundering checks on the transfer. Delivery times quoted on our website (or elsewhere) are representative for the “normal”/average service and are not a guarantee of an individual Transfer time.

   9. We will provide you with information after acceptance of a Payment Instruction enabling you to identify the Transfer, along with details of the Recipient, the details of the amount of the Transfer in the currency used in the Transfer, any Service Fees we may charge or any fees that the Service Provider may charge, the amount received in foreign currency, the exchange rate and the date on which the Payment Instruction was received. By accepting this User Agreement, you agree to being notified of transactions as they occur by email and/or in-App notifications.

   10. If you have made a Transfer for cash pick-up and the cash is not picked up by the Recipient within 30 days of when it was first made available, we may cancel the Transfer and refund the amounts to the Payment Method used. This is subject to the timings and conditions set by our payment processing partners.

   11. For Business Recipients, you acknowledge that:

       1. we are not an agent of the Business Recipient;

       2. we are not responsible for any mistakes in the invoices or other notifications you receive that indicate the amounts you owe the Business Recipients;

       3. we are not party to agreements between you and the Business Recipient and do not determine any payment terms;

       4. we are not responsible if you do not complete a payment to a Business Recipient;

       5. we are not responsible for the quality or delivery of any goods or services you pay for using our Services;

       6. we are not responsible for mediating disputes or enforcing any underlying arrangements you have with a Business Recipient;

       7. invoices / bills can only be processed to a Business Recipient with a valid reference number - if you provide the wrong reference number you will send the Transfer to the wrong account and lose your money, we will not be able to get it back for you; and

       8. payment to us for a Transfer does not constitute payment to a Business Recipient until they receive the Transfer, and then it may take several business days for a Business Recipient to reflect the payment in their customer account system (i.e., their records for what a student, patient or utility customer might owe).

5. TAPTAP SEND DIGITAL CONTENT SERVICES

Sending Digital Content

1. We provide Digital Content Services for you to buy Digital Content from us and send it to a Recipient’s account in a Destination Country. This is not a payment service so this is not regulated by the CBUAE.

2. To buy and send Digital Content using the App, you must:

   1. select the type and amount of Digital Content you wish to buy;

   2. provide information about the account which the Digital Content will be sent to, if you enter the wrong details you will send the Digital Content to the wrong account and we will not be able to recover it;

   3. select your Payment Method; and

   4. provide us with any additional information we request.

3. The total amount (inclusive of all applicable taxes and charges, if any) that you will be required to pay will be displayed clearly on the App before you are asked to confirm your transaction.

4. When you click “Send” on the confirmation page you authorise us to debit your Payment Method and initiate the purchase and send. Once Digital Content is sent, it cannot be refunded to you or removed from the device of the person you sent it to.

5. Digital Content will be delivered to the Recipient’s account as soon as we can get it there. While our Digital Content Service is generally able to deliver Digital Content quickly, the Recipient’s Service Provider will receive the Digital Content, at the latest, within seven calendar days of us accepting your instruction. We will send you a confirmation of the Digital Content Service as soon as your transaction has been successfully completed.

No cancellation

6. When you use our Digital Content Services, you expressly request and consent to us immediately sending the Digital Content to the Recipient’s account. Once you confirm your order, we start to send the Digital Content and it cannot be recalled nor cancelled. You acknowledge that, once you have asked us to send Digital Content, you have no right to cancel.

Digital Content T&Cs and Promotions

7. Any Digital Content purchased through the Digital Content Services will have its own terms and conditions. You should check any terms and conditions before purchasing any Digital Content. From time to time, Service Providers will run promotions on the Digital Content. These promotions will be subject to additional terms and conditions that will be displayed in the App.

8. We are not responsible for the terms and conditions or promotions run by Service Providers.

6. DIGITAL WALLET SERVICES

   1. Taptap Send will issue and operate an SVF (your Digital Wallet) accessible through the App. Your Digital Wallet allows you to add value, make payments to Recipients and redeem value. Your use of the Digital Wallet is subject to the SVF Regulation.

   2. Taptap Send will open a wallet account for you upon successful onboarding. You may top up your Digital Wallet by using a supported funding method shown in the App and you may initiate payments from your Digital Wallet balance where the Digital Wallet is accepted. We may apply limits to loading, spending, redemption and balance in accordance with CBUAE Rules and notify you of such limits in the App.

   3. You authorise us to accept funds to increase your Digital Wallet balance. The currency applied to the Digital Wallet will be UAE Dirhams. You may redeem your available Digital Wallet balance to a supported withdrawal method, subject to any applicable limits and fees shown in the App. We will execute redemption requests promptly in accordance with the SVF Regulation and any other applicable CBUAE Rules.

   4. We will treat your Digital Wallet as dormant if, for period of three (3) years from the date of your last transaction, there has been no transaction activity and or communication from you. You may reactivate your Digital Wallet or claim your balance at any time, free of charge, by contacting us using the details in the About Us section, and we will apply no fees or charges to your balance while it is dormant. If your Digital Wallet remains dormant for five (5) years from the date of your last transaction, we will be required to transfer your available balance to the CBUAE and close your Digital Wallet. To reclaim your funds following any such transfer, you or your legal representative should contact us directly using the details in the About Us section of this Agreement. The CBUAE assumes no responsibility to you as a result of the transfer of your funds to the CBUAE.

7. OUR RIGHT TO REFUSE, DELAY, SUSPEND OR CANCEL A PAYMENT INSTRUCTION OR THE SERVICES

Limits

1. You agree that we may apply limits to the amount you are able to send to Recipients or use to purchase Digital Content.

2. We may do so either on a per Transfer basis or on an aggregate basis, and either in respect of one set of registration details or one Payment Method or on related sets of registration details or Payment Methods.

Delays

3. We may delay or suspend a Service including (but not limited to):

   1. to verify your identity to respond to any security alerts which we receive in relation to your use of the Services;

   2. to validate your Payment Instruction or instruction to send Digital Content;

   3. due to system outages within our Service Providers; and/or

   4. otherwise to comply with applicable law.

4. We will attempt to maintain up to date information regarding the availability of Service Providers by means of information on our website or our App.

Refusing a Payment Instruction or suspending the Services

5. We may refuse any request, any Payment Instruction, or suspend your use of the Services if we believe that:

   1. it would put you over any applicable limits;

   2. it would break this Agreement;

   3. it is unauthorised (e.g. someone else is trying to use the Services without your permission);

   4. it is fraudulent (including where we suspect that you may be a victim of a scam);

   5. you may be acting illegally; or

   6. we are required to do so at the request of the CBUAE, at the direction of the courts, or in accordance with relevant UAE law and regulation, for example, in the event of your death.

6. We will generally inform you in writing either before or immediately after, and in any case, within 24 hours of refusing a Payment Instruction or suspending your use of the Services, and provide our reasons for doing so. However, we will not provide reasons or any information if doing so is against the law or would compromise our security measures.

8. YOUR RIGHT TO CANCEL; REFUNDS; ERRORS

Cancellation

1. To the extent permitted by law, once we have received your Payment Instruction, we will execute the Transfer immediately and you do not have the automatic right to revoke it (or change the details of the Payment Instruction). We will treat a Payment Instruction as received from you at the time that such Payment Instruction is actually received by us, which will normally be at the time you confirm a Payment Instruction, whether or not that is during business hours.

2. You can request a refund of a Transfer within six (6) months of the Transfer occurring if:

(a) someone made a Payment Instruction without your permission; or

(b) we fail to send a Transfer on time to the right Recipient account and for the right amount, as indicated on your confirmed Payment Instruction, in which case we shall process your refund within three (3) business days of request.

Refunds

3. We will also refund a Transfer if required by law, or if the issuer of your Payment Method requires it.

4. However, we may refuse your request for a refund if we can show that:

   1. you have acted fraudulently;

   2. you intentionally or with gross negligence did not take all reasonable steps to keep your Security Details secret;

   3. the Recipient received the money into their account at the Service Provider; or

   4. there was a mistake in the Payment Instruction (e.g. the Recipient’s account details) which you gave us.

5. We shall notify you within one (1) business day of our decision to refuse your request for a refund if permitted pursuant to applicable law or regulation, of: (i) the reasons for our refusal; and (ii) the procedure for rectifying any factual errors that led to our refusal.

6. If you wish to request a refund for a Transfer, you should do so immediately and in any event no later than six (6) months after the Transfer. A request for a refund for a Transfer must be submitted in writing (by email) to the contact details listed in the About Us Section, giving the Sender’s full name, address, and phone number, together with the Transfer number, amount of the Transfer, and the reason for your refund request.

7. If we have executed the Transfer in accordance with your Payment Instructions, and that information proves to have been incorrect, we are not responsible for the incorrect execution of the Transfer. We will make reasonable efforts to recover the funds if possible. We may charge you a reasonable fee, reflective of our efforts, to do so.

8. Refunds will be credited automatically to the latest known Payment Method used to fund the Transfer, in the same currency used to fund the Transfer. We may request additional details from you to process the refund. Refunds may take anywhere from three (3) to ten (10) business days to show up on your Payment Method once it has been initiated by us as it depends on banks’ processing time. If you cannot see the refund after ten (10) business days, you should contact your Payment Method issuer for more information.

9. We are not responsible for refunding payment Transfers made using a Payment Service to pay bills or for goods/services unless it falls within Section 8.3 above. The Business Recipient to which you have made a payment will determine your eligibility for a refund. You, therefore, should contact the Business Recipient directly for further details on obtaining a refund.

Digital Content

10. Once Digital Content is sent, it can normally be used immediately and therefore cannot be refunded or cancelled.

9. OUR RESPONSIBILITY

   1. We agree to provide the Services to you using reasonable care. You acknowledge that the Services may not be available, in whole or in part, in certain regions, countries, or jurisdictions.

   2. Where we have materially breached this Agreement causing a loss to you, we will refund you the Transfer and any Service Fee charged, or the amount you paid for Digital Content. Any claim for compensation made by you must be supported by any available relevant documentation.

   3. If any loss that you suffer is not covered by a right to a refund under Section 8 above, our liability is limited to the greater of: (i) the amount of any Service Fee that was paid to us; or (ii) AED 500. This liability cap applies to any single Transfer/purchase of Digital Content, act, omission, or event and to any number of related Transfers/purchases of Digital Content, acts, and omissions or events.

   4. We do not, in any event, accept responsibility for damages as a result of:

      1. any failure to perform the Service as a result of circumstances which could reasonably be considered to be due to abnormal and unforeseen circumstances outside our reasonable control, which may for example include delays or failures caused by problems with another system or network (including those of our Service Providers), mechanical breakdown or data-processing failures;

      2. non-payment or delay in payment to a Recipient or failure to perform a Transfer or send Digital Content under the Services if you are in serious breach of this Agreement;

      3. a Service Provider;

      4. us meeting our obligations under any applicable laws, rules, or regulations; or

      5. errors on the website or with the Services caused by incomplete or incorrect information provided to us by you or a third party.

   5. We are not, in any event, responsible for any funds after they are provided to a Recipient (whether in the Recipient’s account or collected via a Service Provider).

   6. Notwithstanding anything in this Agreement to the contrary, we only supply our Services to you for personal and private use. Notwithstanding anything in this Agreement to the contrary, we shall not be liable under any theory of tort, contract, unjust enrichment, strict liability or other legal or equitable theory for lost profits, lost revenues, lost business opportunities, exemplary, punitive, special, incidental, indirect or consequential damages, each of which is excluded by us, regardless of whether or not we had foreseen, or could have foreseen, or has been advised of, the possibility of such damages.

10. CHANGES TO THE AGREEMENT

    1. We can make a change to this Agreement for any of the following reasons:

       1. because of a change in legal or regulatory requirements;

       2. if the change benefits you or we think it will make the Agreement easier to understand;

       3. to reflect a change in our costs of providing you with the Services;

       4. to reflect changes in the way our business is run, particularly if the change is needed because of a change in our industry that affect how we want to deliver the Services to you;

       5. in response to possible security risks relating to the Services;

       6. because we are changing or introducing new services or products; or

       7. to respond to any other change that affects us, if it is fair to pass on the effects of the change to you.

    2. We can’t anticipate everything that might happen while you are registered for our Services. This means we may also need to make other changes. If we do, when we tell you about the change, we’ll explain how it will affect you.

    3. We will tell you about a change to our Agreement for Payment Services or our Agreement for Digital Content Services before it takes effect.

    4. You may object to the change before it takes effect, which will end the Agreement. If you do not object to the change, we will take that as your acceptance of the change. If we add a new product or service that doesn’t change the terms and conditions for your existing Services, we may add the product or service immediately and let you know before you use it.

    5. You will be notified of any upcoming changes to this Agreement by email to the email address you provided.

11. ENDING THE AGREEMENT

    1. This Agreement will continue until you or we end it.

    2. You can end this Agreement at any time free of charge by contacting us in writing (by email) at the details in the About Us Section.

    3. You have the right to cancel this Agreement within five (5) business days from the date you accept it, at no cost to you. To cancel, contact us in writing using the details in the About Us section. Any balance in your Digital Wallet at the time of cancellation will be refunded promptly, net of any transactions already executed at your request. Certain transactions carried out on your account (for example, domestic and international Transfers, Merchant Payment Services and Digital Content purchase) require immediate execution and cannot be cancelled, reversed or altered once initiated, as further described in Sections 4.6, 5.6 and 8.1. By confirming any such transaction, you acknowledge that the cooling-off right does not apply to that transaction and you waive it for that purpose. Nothing in this Section 11.3 affects any right you have in respect of an unauthorised or incorrectly executed transaction, or any other right or protection that cannot be waived or excluded under the CBUAE Rules.

    4. We can end this Agreement and your access to the Services at any time, with two (2) weeks’ notice.

    5. We can end this Agreement and your access to the Services without prior notice if:

       1. we reasonably believe you are using the Services fraudulently or illegally;

       2. we are required to do so by applicable law, regulation, court order or regulator instructions;

       3. if you haven’t given us any information we need, or we reasonably believe that information you have provided is incorrect or not true; or

       4. if you have broken this Agreement in a serious or persistent way, and you haven’t put the matter right within a reasonable time of us asking you to.

    6. We will inform you if we end the Agreement immediately as soon as we can, if the law allows.

    7. When this Agreement ends, we will stop processing any new Payment Instructions. We will continue processing Payment Instructions that were submitted and are still pending when the Agreement ends. Your payment obligations to us will continue after the Agreement ends.

12. HOW YOUR MONEY IS PROTECTED (FOR DIGITAL WALLET SERVICES AND RELATED PAYMENT SERVICES ONLY)

    1. All funds you pay to us in exchange for stored value in your Digital Wallet are safeguarded in one or more segregated accounts with a bank licensed by the CBUAE in accordance with Article 11 of the SVF Regulation. Customer Float is kept separate from our own funds and is protected against claims of our other creditors, including in the event of insolvency. However, we may consider alternative protections (such as a bank guarantee or insurance) where permitted by the SVF Regulation.

    2. Any funds received by us in the course of or in connection with providing Payment Services will only be held where they are funds ‘in transit’ and will be safeguarded in accordance with the RPSCS Regulation and all other applicable CBUAE Rules. Where settlement occurs within 24 hours, such funds will be segregated and/or insulated from the claims of our other creditors, including in the event of insolvency. Where settlement occurs after 24 hours, such funds will be placed in a separate escrow account with a CBUAE‑licensed bank and/or covered by an insurance policy or bank guarantee issued by a regulated insurer or bank that is not part of our group.

13. COMPLAINTS

    1. A copy of our Complaints Policy is available free of charge upon request in accordance with CBUAE Rules.

    2. If you have a complaint related to your use of the Service, please email us at the details in About us Section. We will acknowledge receiving your complaint within two (2) business days of receipt of the complaint and shall provide you with the contact details of the individual(s) responsible for handling your complaint.

    3. We will do our best to resolve your complaint as soon as possible, and to send you a final response by email within ten (10) business days of receiving the complaint. If, in exceptional circumstances, for reasons beyond our control, we need more time to respond, we will send you an email on the business day following this review period to let you know the reasons for the delay and when you will receive our final response (the “Extension Email”).

    4. If you are unhappy with our final response, you may be entitled to refer your complaint to an external dispute resolution scheme, by initiating arbitration or through the UAE courts. We will provide details of your rights in our final response to your complaint.

14. FEES AND EXCHANGE RATES

    1. You must pay any applicable Service Fees. Our Service Fees and live exchange rates are available on our website and in the App. We do not charge Service Fees solely for the use of the Digital Wallet. Service Fees for Payment Services are due when you submit your Payment Instruction or an instruction to buy and send Digital Content, and are non-refundable, to the maximum extent permitted by law. We will let you know the exact amount you must pay in the App before you are asked to confirm your Payment Instruction or send Digital Content.

    2. Our exchange rate is the rate set by us for the relevant currency pair and Service, which will generally change on a daily basis. For some currencies, there will be a difference between the exchange rate at which we buy foreign currency and the exchange rate provided to you, which is designed to cover our costs.

    3. When you make Transfers and pay for Digital Content in a different currency from the one in which your Payment Method is denominated (e.g., you pay in AED to receive an equivalent amount in a different currency), we will apply our standard exchange rate (which may change at any time) and any applicable Service Fees for such exchange, as set out in the App at the time of conversion.

    4. Others might impose taxes, fees or charges on you, e.g., for use of a particular Payment Method to fund a Transfer (e.g., unauthorised overdraft fees).

    5. Others might impose taxes, fees or charges on the Recipient, e.g., a Service Provider may charge a fee to withdraw the Transfer. We may offer you the option of sending additional funds to cover the cost of that fee.

    6. Your Payment Method may give you chargeback rights. You agree that you will not request a chargeback for reasons for which we are not responsible, such as a dispute with your Recipient. We may charge you for our costs associated with your chargebacks.

15. INTELLECTUAL PROPERTY

    1. The App and the Services, the content, and all intellectual property relating to them and contained in them (including but not limited to copyrights, patents, database rights, trademarks, and service marks) are owned by us, our affiliates, or third parties. All rights, title, and interest in and to the Taptap Send website and the Services shall remain our property and/or the property of such other third parties.

    2. The App and the Services may be used only for the purposes permitted by this Agreement or described on the website. You are authorised solely to view and to retain a copy of the pages of the Taptap Send App for your own personal use. You may not duplicate, publish, modify, create derivative works from, participate in the transfer or sale of, post on the internet, or in any way distribute or exploit the Taptap Send website, App, Services or any portion thereof for any public or commercial use without our express written permission. You may not: (i) use any robot, spider, scraper or other automated device to access the App or the Services; and/or (ii) remove or alter any copyright, trademark or other proprietary notice or legend displayed on the Taptap Send website (or printed pages of the website). The name “Taptap Send” and other names and indicia of ownership of Taptap Send’s products and/or services referred to on the Taptap Send website are our exclusive marks or the exclusive marks of other third parties. Other products, services and company names appearing on the website may be trademarks of their respective owners, and therefore you should not use, copy or reproduce them in any way.

16. ELECTRONIC COMMUNICATIONS

    1. You acknowledge that this Agreement is entered into electronically, and that the following categories of information (“Communications”) may be provided by electronic means:

       1. this Agreement and any amendments, modifications or supplements to it;

       2. your Transfer History through the Services;

       3. any initial, periodic or other disclosures or notices provided in connection with the Services, including without limitation those required by law;

       4. any customer service communications, including, without limitation, communications with respect to claims of error or unauthorised use of the Services; and

       5. any other communication related to the Services or us.

    2. The Services do not allow for Communications to be provided in paper format or through other non-electronic means. You may withdraw your consent to receive Communications electronically, but if you do, your use of the Services will be terminated. To withdraw your consent, you must contact us by email.

    3. Copy of Agreement: This Agreement is available for you to review at any time via the App or on our website and is available in Arabic, English and any other languages we may choose to make available. We will email a copy of these terms to you when you first register for the Services. You can also ask us to email you a copy of these terms (including any modifications) at any time.

    4. Transfer History: Each month, we will email you at the email address you have provided, notifying you that your monthly Transfer History is ready for viewing via the App. You may also download the Transfer History from the App for your own records.

    5. Security: If we have to contact you because of a suspected or actual fraud or security threat, we will do it by calling or texting your mobile number. We will report major security incidents to the CBUAE as required under CBUAE Rules.

    6. App: In the event of a conflict between information on the App and information on our website, please rely on the information on the App.

17. GENERAL

    1. Governing Law: This Agreement is governed by the UAE laws.

    2. Disputes: If you want to take legal action against us in the courts, the UAE courts can deal with a dispute between us in connection with this Agreement and our Services.

    3. No Third Party Rights: Nothing expressed or referred to in this Agreement will be construed to give any person other than the parties to this Agreement any legal or equitable right, remedy or claim under or with respect to this Agreement or any provision of this Agreement. This Agreement and all of its provisions are for the sole and exclusive benefit of the parties to this Agreement and their successors and permitted assigns.

    4. Language: This Agreement is made in English and is available in Arabic upon request. English is the language that we will communicate with you in (unless otherwise required by law).

    5. Waiver: If you have broken the Agreement and we do not enforce our rights, or we delay in enforcing them, this will not prevent us from enforcing those or any other rights at a later date.

    6. Transfer of rights: You may not transfer any of your rights or obligations under this Agreement. We may transfer or assign this Agreement and/or any of our rights and/or obligations this Agreement at any time without your consent.

    7. Entire Agreement: This Agreement is the entire agreement between us. It replaces any earlier understandings, agreements, or discussions between us about the subject matter of this Agreement.

    8. Severability: If any provision of this Agreement is held invalid, illegal or unenforceable, the remaining provisions will not be affected in any way and you agree to accept a replacement of such provision.