1. The Agreement

1.1 This Agreement sets out the complete Terms and Conditions (hereinafter called "These Terms and Conditions") which shall be applicable to the Equb application.

 

1.2 These Terms and Conditions might be changed from time to time and Equb Financial Technologies PLC will notify the change to the Terms and Conditions to the customer through the email address provided by the Customer.

 

2. Definitions

In these Terms and Conditions, the following words and expressions bear the below meanings:

2.1 "Equb App" or “Equb Application” or “eQub” or “Equb” or “EQUB” shall mean the application/the platform of Equb Financial Technologies PLC that provides technology-based Equb in an electronic or  ;

 

2.2 "Customer” means the person that uses the Equb application to use Equb-related services & pay for their respective Equbs ;

 

2.3 "User" "you" or "your" means the Customer;

 

2.4 "Service" shall mean the technology services provided under this Agreement by Equb Financial Technologies PLC;

 

2.5 "Transaction" shall mean a financial transaction related to the purchase of fuel by its customers;

 

2.6 "Payment Gateway" shall mean a name given to the Financial service providers or Mobile Money service;

 

2.7 "OTP” shall mean a one-time password which is a unique number sent to the Customer to activate his/her account and/or approve the transaction 

 

2.8 "Subscription fee" means Birr ____ (in words) as a subscription fee upon registration to use the Equb application;

 

2.9 "Monthly fee" means the amount of monthly fee of Birr ____ (in words) paid by customers every time he/she uses the Equb application;

 

2.10 "Service Charge" or “Service Fee” means 2.5% service fee (two & a half percent), the amount of fee paid by customers for every time he/she uses the Equb application to make payment;

 

2.11 “Equb” means a traditional rotating saving & credit group created between multiple individuals

 

2.12 “Equber” means a member of an Equb or a rotating saving & credit group created between other individuals  for a defined period of time;

 

2.13 “Administrator” or “Sebsabi” means an administrator or collector of the traditional rotating saving & credit group created between multiple individuals for a defined period of time;

 

2.14 “Equb Round” means a regular payment interval by which a member makes a payment to an Equb  for a defined period of time;

 

2.15 “Equb Cycle” means one complete loop or cycle across an Equb marked by the end of the last payment from all members/Equbers in an Equb; 

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3. Acceptance of the Terms and Conditions

These terms and conditions (“Agreement”) set forth the general terms and conditions of your use of the www.equb.app website (“Website” or “Service”) and any of its related products and services (collectively, “Services”). This Agreement is legally binding between you (“User”, “you” or “your”) and this Website operator (“Operator”, “we”, “us” or “our”). If you are entering into this agreement on behalf of a business or other legal entity, you represent that you have the authority to bind such entity to this agreement, in which case the terms “User”, “you” or “your” shall refer to such entity. If you do not have such authority, or if you do not agree with the terms of this agreement, you must not accept this agreement and may not access and use the Website and Services. By accessing and using the Website and Services, you acknowledge that you have read, understood, and agree to be bound by the terms of this Agreement. You acknowledge that this Agreement is a contract between you and the Operator, even though it is electronic and is not physically signed by you, and it governs your use of the Website and Services. 

 

3.1 Before applying to use the Equb application you should carefully read and understand these Terms and Conditions which will govern the use and operation of the Equb application.

 

3.2 If you do not agree with these Terms and Conditions, please click "Cancel" on the Menu.

 

3.3 You will be deemed to have read, understood, and accepted these Terms and Conditions: Upon clicking on /the "Agree" option on the Menu requesting you to confirm that you have

read, understood, and agreed to abide by these Terms and Conditions; and/or by using or continuing to use and operate the Equb application.

 

3.4 These Terms and Conditions may be amended or varied by Equb Financial Technologies PLC from time to time there to take effect on their date of publication.

 

3.5 You acknowledge and accept the Equb application only electronically and you agree to do business with Equb Financial Technologies PLC and to operate the Equb application only by electronic means via the system of Equb Financial Technologies PLC.

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4. Requirements to Activate and Use Equb Application

4.1 To activate the Equb application with Equb FinancialTechnologies PLC, you must be at least:

4.1.1. 18-year-old and above;

 

4.1.2 Have an active bank account at one of our partner banks, which must be sufficient to cover the amount of Equb contribution you pay every round;

 

4.1.3 You will receive a notification for successful activation

 

4. 2 To use the Equb application

4.2.1 The Customer must be a lawful resident of Ethiopia;

 

4.2.2 The Customer must have a renewed identification such as Local Resident Identification, International Passport, Drivers’ License, and/or valid identification;

 

4.2.3 The Customer must provide a copy and/or an electronic copy of his/her identification;

 

4.2.6 The Customer must possess his/her phone number every time using the Equb application;

 

4.2.7 The Customer must provide his/her phone number which is currently under his/her possession and actively working; 

 

4.2.8 The Customer must link their Equb account with his/her Electronic Wallet, Mobile Money, or Mobile Banking through the "Payment" option available in his/her mobile banking application;

 

4.2.9 The Customer must properly enter the Equb Id and/or Equber ID:

 

4.2.10 The Equb Administrator may request a payment to initiate the transaction, immediately an OTP will be sent to the customer/Equber;

 

4.2.11 The Customer must authorize the transaction by providing the OTP sent through his/her phone number, in other words by providing the number the Customer is digitally signing to allow the transaction;

 

4.2.12 The Customer is not allowed to use another person's Equb account;

 

4.2.13 The Customer must fill out the forms & submit them in honesty and share only authentic & true documents that are official & authenticated. 

 

4.3 Accounts and Membership

4.3.1 If you create an account on the Website, you are responsible for maintaining the security of your account and you are fully responsible for all activities that occur under the account and any other actions taken in connection with it.

 

4.3.2 We may, but have no obligation to, monitor and review new accounts before you may sign in and start using the Services. Providing false contact information of any kind may result in the termination of your account. You must immediately notify us of any unauthorized uses of your account or any other breaches of security. We will not be liable for any acts or omissions by you, including any damages of any kind incurred as a result of such acts or omissions. We may suspend, disable, or delete your account (or any part thereof) if we determine that you have violated any provision of this Agreement or that your conduct or content would tend to damage our reputation and goodwill. If we delete your account for the foregoing reasons, you may not re-register for our Services. We may block your email address and Internet protocol address to prevent further registration.

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5. Privacy & User content

When you access our Equb Application, we collect and process your personal data. One of the ways we do this is by using cookies. By selecting Accept, you agree with the processing of your personal data for performance, marketing, and advertisement purposes, as well as us using cookies to do so. You can find the full list of the cookies used and learn more about why and how we process your personal data in our Privacy Policy. You can always withdraw your consent through the Privacy Settings section of our application.

 

We do not own any data, information, or material (collectively, “Content”) that you submit on the Website in the course of using the Service. You shall have sole responsibility for the accuracy, quality, integrity, legality, reliability, appropriateness, and intellectual property ownership or right to use of all submitted Content. We may monitor and review the Content on the Website submitted or created using our Services by you. You grant us permission to access, copy, distribute, store, transmit, reformat, display, and perform the Content of your user account solely as required for the purpose of providing the Services to you. Without limiting any of those representations or warranties, we have the right, though not the obligation, to, in our own sole discretion, refuse or remove any Content that, in our reasonable opinion, violates any of our policies or is in any way harmful or objectionable.

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6. Intellectual 

“Intellectual Property Rights” means all present and future rights in relation to any copyright and related rights, trademarks, designs, patents, inventions, goodwill and the right to sue for passing off, rights to inventions, rights to use, and all other intellectual property rights, in each case whether registered or 

unregistered and including all applications and rights to apply for and be granted, rights to claim priority from, such rights and all similar or equivalent rights or forms of protection and any other results of intellectual activity which subsist or will subsist now or in the future in any part of the world. This Agreement does not transfer to you any intellectual property owned by the Operator or third parties, and all rights, titles, and interests in and to such property will remain (as between the parties) solely with the Operator. All trademarks, service marks, graphics, and logos used in connection with the Website and Services, are trademarks or registered trademarks of the Operator or its licensors. Other trademarks, service marks, graphics, and logos used in connection with the Website and Services may be the trademarks of other third parties. Your use of the Website and Services grants you no right or license to reproduce or otherwise use any of the Operator or third-party trademarks.

All the intellectual property rights related to the Equb application, its contents, the logos, images graphics trademark of Equb Financial Technologies PLC, you shall not copy, modify or reverse engineer them. 

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7. Termination and Severability of the Use of Equb Application 

All rights and restrictions contained in this Agreement may be exercised and shall be applicable and binding only to the extent that they do not violate any applicable laws and are intended to be limited to the extent necessary so that they will not render this Agreement illegal, invalid, or unenforceable. If any provision or portion of any provision of this Agreement shall be held to be illegal, invalid, or unenforceable by a court of competent jurisdiction, it is the intention of the parties that the remaining provisions or portions thereof shall constitute their agreement with respect to the subject matter hereof, and all such remaining provisions or portions thereof shall remain in full force and effect.

To terminate the use of the Equb application, at any time, the Customer must be clear of any payments from the usage of the Equb application and communicate with Equb Financial Technologies PLC through its contact email at info@equb.app.

 

8. Indemnification 

You agree to indemnify and hold the Operator and its affiliates, directors, officers, employees, agents, suppliers, and licensors harmless from and against any liabilities, losses, damages, or costs, including reasonable attorneys’ fees, incurred in connection with or arising from any third party allegations, claims, actions, disputes, or demands asserted against any of them as a result of or relating to your Content, your use of the Website and Services or any willful misconduct on your part. You agree to indemnify and hold Equb Financial Technologies PLC harmless from any claim or demand, including reasonable attorneys' fees, made by any third party due to or arising out of the use of Equb application. 

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9. Limitation of Liability

Although the Website and Services may link to other resources (such as websites, mobile applications, etc.), we are not, directly or indirectly, implying any approval, association, sponsorship, endorsement, or affiliation with any linked resource, unless specifically stated herein. We are not responsible for examining or evaluating, and we do not warrant the offerings of, any businesses or individuals or the content of their resources. We do not assume any responsibility or liability for the actions, products, services, and content of any other third parties. You should carefully review the legal statements and other conditions of use of any resource which you access through a link on the Website. Your linking to any other off-site resources is at your own risk.

To the fullest extent permitted by applicable law, in no event will the Operator, its affiliates, directors, officers, employees, agents, suppliers, or licensors be liable for the damage caused to you regarding any payment done with your intention and awareness. In addition, the operator shall not be liable for any indirect, incidental, special, punitive, cover, or consequential damages (including, without limitation, damages for lost profits, revenue, sales, goodwill, use of the content, impact on business, business interruption, loss of anticipated savings, loss of business opportunity).

You understand and agree that Equb Financial Technologies PLC will not be liable to you for any indirect, incidental, special, consequential, or exemplary damages, including, but not limited to, damages for loss of profits, goodwill, use, data, cybercrime, fraud, scams, defaults or flight risks or other intangible losses (even if you have been advised of the possibility of such damages), resulting from your use or access of, or inability to use or access of Equb application.

 

10. Disclaimer

Equb Financial Technologies is a registered Private Limited Company working in the field of business in software development that is licensed to design, enrich & implement any kind of software including, but not limited to, software applications in the form of computer, mobile, web, USSD, websites & more. Equb Financial Technologies PLC is only a technology service provider & not a financial intermediary, organization, or institution & shall not be seen as such.

 

11. Backups

We perform regular backups of the Website and its Content and will do our best to ensure the completeness and accuracy of these backups. In the event of a hardware failure or data loss, we will restore backups automatically to minimize the impact and downtime.

 

12. Links to other resources

Although the Website and Services may link to other resources (such as websites, mobile applications, etc.), we are not, directly or indirectly, implying any approval, association, sponsorship, endorsement, or affiliation with any linked resource, unless specifically stated herein. We are not responsible for examining or evaluating, and we do not warrant the offerings of, any businesses or individuals or the content of their resources. We do not assume any responsibility or liability for the actions, products, services, and content of any other third parties. You should carefully review the legal statements and other conditions of use of any resource which you access through a link on the Website. Your linking to any other off-site resources is at your own risk.

 

13. Prohibited uses

In addition to other terms as set forth in the Agreement, you are prohibited from using the Website and Services or Content: (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful acts; (c) to violate any international, federal, provincial or government regulations, rules, laws, or local ordinances; (d) to infringe upon or violate our intellectual property rights or the intellectual property rights of others; (e) to harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Website and Services, third party products and services, or the Internet; (h) to spam, phish, pharm, pretext, spider, crawl, or scrape; (i) for any obscene or immoral purpose; or (j) to interfere with or circumvent the security features of the Website and Services, third party products and services, or the Internet. We reserve the right to terminate your use of the Website and Services for violating any of the prohibited uses.

 

14. Dispute resolution

The formation, interpretation, and performance of this Agreement and any disputes arising out of it shall be governed by the substantive and procedural laws of Ethiopia without regard to its rules on conflicts or choice of law and, to the extent applicable, the laws of Ethiopia. The exclusive jurisdiction and venue for actions related to the subject matter hereof shall be the courts located in Ethiopia, and you hereby submit to the personal jurisdiction of such courts. You hereby waive any right to a jury trial in any proceeding 

arising out of or related to this Agreement. The United Nations Convention on Contracts for the International Sale of Goods does not apply to this Agreement.

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15. Changes and amendments

We reserve the right to modify this Agreement or its terms related to the Website and Services at any time at our discretion. When we do, we will revise the updated date at the bottom of this page, post a notification on the main page of the Website, and send you an email to notify you. We may also provide notice to you in other ways at our discretion, such as through the contact information you have provided.

An updated version of this Agreement will be effective immediately upon the posting of the revised Agreement unless otherwise specified. Your continued use of the Website and Services after the effective date of the revised Agreement (or such other act specified at that time) will constitute your consent to those changes.

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16. Acceptance of these terms

You acknowledge that you have read this Agreement and agree to all its terms and conditions. By accessing and using the Website and Services you agree to be bound by this Agreement. If you do not agree to abide by the terms of this Agreement, you are not authorized to access or use the Website and Services.

 

Contacting us

If you have any questions, concerns, or complaints regarding this Agreement, we encourage you to contact us using the details below:

Email:info@equb.app