Terms and Conditions for SuperMyan Application Powered by uab Fintech
uab Fintech as the provider of e-wallet service offers the SuperMyan App service for natural persons, age 18 years and older, Myanmar nationals, or those having qualifications. The main objective of this service is for receiving inbound remittance, cash out at the agent, checking inbound remittance transaction history etc.
The applicant is required to install the SuperMyan App and apply to be the SuperMyan App user per the terms determined by uab Fintech, on mobile phone or tablet or electronic device (the “Device”) of the applicant and apply for the SuperMyan App service per the procedure determined by uab Fintech. The system will set the amount in the SuperMyan App as 0 (zero) MMK minimum amount and for 1 (one) wallet per 1 (one) mobile phone per 1 (one) national ID (NRC or Passport) card number and link it with the SuperMyan App.
The user ID and/or password (the “PIN”) and/or One-Time Password (OTP) and/or any device that the applicant uses to log in to the SuperMyan App (here in after referred to as the “Remittance Management Tool”) in order to use the service must comply with the Conditions of this Service, including (but not limited to) logging in to the SuperMyan App service and/or for the confirmation to use the uab Wallet service.
1. Under the Conditions of this Service,
1.1 if uab Fintech requires the applicant to use the service via Remittance Money Management Tool, the applicant must specify Remittance Management Tool per the conditions and procedure determined by uab Fintech in order to use the service via a respective channel.
1.2 Regarding any actions, including (but not limited to) the application and use of services, funds transfer, identity verification, approval of transactions, agreement/revision/change/addition related to the Conditions of this Service, the terms and conditions/services/fees for the use of services of uab Fintech and/or any person/juristic either undertaken by the applicant or any person via Remittance Management Tool, the applicant agrees that such actions are complete and binding upon the applicant as if they have been undertaken by the applicant, and have been electronically signed by the applicant with uab Fintech as evidence for having fully and accurately undertaken respective transactions from the confirmation date of those transactions.
1.3 The applicant also agrees to accept and acknowledge the risks involved in the use of the services via electronic channels, because the applicant can conduct transactions without the need to use documents or any evidence for additional confirmation and/or submission to uab Fintech unless otherwise specified by uab Fintech, and the applicant is required to examine the outstanding balance after conducting each transaction.
2. Methods to use the SuperMyan App service
2.1 Cash in (Inbound International Remittance) methods
2.1.1 For Inbound International remittance cash in, the applicant is received the maximum equivalent MMK amount of USD 1000 per transaction and 5000 per month) and notified by phone notification and popup notification in SuperMyan Application and advised to read details under transaction history.
2.2 For cash out, Applicant go to agent counter and cash out via QR Code per the standards determined by uab Fintech.
2.3 For funds transfer, uab Fintech shall deduct funds from the applicant’s Wallet at the amount paid or transferred to the other Wallets of deposit accounts specified by the applicant.
2.4 The applicant can make funds transfers with no limit frequency from the applicant’s SuperMyan App to other SuperMyan App or deposit accounts and at a total amount of not more than 5,000,000 MMK per each transfer or at the amount to be announced by uab Fintech in the future.
2.5 Funds in the SuperMyan App cannot be withdrawn as cash via ATM, with the exception of funds transfer or payment as stipulated in the Conditions of this Service only. Funds in the SuperMyan App can be used indefinitely; there is no expiration date.
2.6 The applicant accepts that they are not entitled to interest or any remuneration from the outstanding balance in the SuperMyan App.
2.7 The applicant can view Cash in/funds transfer transactions for the past 1 (one) year of the date of the latest transaction via the App.
3. Collection, use or disclosure of information
The applicant agrees to allow uab Fintech to collect and use the information of the applicant provided to or via uab Fintech or uab Fintech has received or obtained from other sources for the purpose of providing services to the applicant, undertaking operations per the applicant’s request prior to service provision, assigning work to another person to support the services regarding IT, communications, collection or any other tasks, transferring rights or duties, legal compliance, risk management, audit, internal management, compliant handling, and/or for other purposes necessary for the significant operations of uab Fintech or to allow uab Fintech to continue to provide services with fairness. The applicant also agrees to authorize such recipients of information from uab Fintech to collect, use and disclose such information under said purposes, and send and/or transfer such information to keep on a server/cloud in other countries.
If the applicant wishes to amend the information or details, the applicant is required to give prior notice to uab Fintech via over the branch counter per the methods determined by uab Fintech.
If there is error in payment/funds transfer which has not been caused by uab Fintech, the applicant shall examine the error and claim money from the applicant’s disputing counterparty. If the applicant has any defense and/or right to claim, the applicant shall directly contact their disputing counterparty.
The applicant certifies that any documents, data, or details that have appeared or been delivered to uab Fintech in any format, either by the applicant or the applicant’s assignee, are complete, true, and up-to-date, and they can be used by uab Fintech to provide services and for updating uab Fintech’s system. The applicant has the right and legal authority to request the use of any service and transaction related to the SuperMyan application service.
4. Fees/Service Charges/Expenses/Penalty Fees/Taxes and Duties
The applicant agrees to pay for using the service regardless of whether it is called a fee, service charge or another name within the due date for payment of respectively, without delay.
The applicant agrees to be responsible for the costs, taxes, duties, and any expenses related to the service (if any). If uab Fintech has to make advance payments for the costs, taxes, duties and/or such expenses mentioned in the preceding paragraph on behalf of the Applicant (if any), the Applicant agrees to repay them to uab Fintech immediately.
5. Change in Conditions of Service Usage
If the change in conditions of service usage causes the applicant to incur more burden or risk, such a change shall require prior consent from the applicant.
If other conditions are to be changed, the applicant agrees to authorize uab Fintech to make the change as it deems appropriate. If the change affects the applicant’s use of the service (such as adjustment of service fees to reflect rising costs, change to service channels, change to due date), uab Fintech shall expressly communicate, or give notice of, material information of the change to the applicant at least 30 (thirty) days in advance or within the period required by law.
If uab Fintech is required by law or rules and regulations to proceed with change in other specific conditions, the applicant agrees to authorize uab Fintech to act in compliance with the law or rules and regulations.
6. Suspension/termination of the SuperMyan application service
uab Fintech has the right to suspend or terminate the services, whether in whole or in part, or for any applicant, at any time, with prior notice given to the applicant. Regarding the following facts, the applicant agrees that uab Fintech can immediately suspend or terminate the services, whether in whole or in part, as uab Fintech seems appropriate. The applicant agrees that uab Fintech will not be held responsible for damages caused by the following:
The applicant has provided any inaccurate and untruthful information, details, certification, or confirmation, or they may cause any material misunderstanding.
There is any factual information that leads uab Fintech to believe that the information or details that the applicant has given to uab Fintech in order to proceed with or to provide the SuperMyan application service may cause negative impacts on uab Fintech or on other the third party,
1) The applicant has breached any item of the Conditions of this Service, including a failure to pay fees/service charges/expenses/penalty fees/taxes and stamp duties (if any) incurred.
2) uab Fintech cannot deduct funds to undertake operations per the Conditions of this Service.
3) The SuperMyan App account and/or mobile phone number used to apply for the SuperMyan App has been suspended and/or cancelled and/or changed.
7. The applicant has died.
If the applicant wishes to terminate the SuperMyan App service, the applicant is required to ensure that there is an outstanding balance of 0 (zero) MMK in the SuperMyan App. The applicant may submit the request for termination of the SuperMyan App service via SuperMyan Call Center at +959776666687 | info@supermyan.com.mm or uab Call Center +95-9-940005000 | info@uab.com.mm,
The termination of this Agreement, for whatever reason, shall not abrogate the applicant’s outstanding obligations under the Conditions of this Service until such obligations are completely fulfilled.
uab Fintech may transfer the rights or benefits or duties, either in whole or in part, under the Conditions of this Service to any individual or financial institution, as uab Fintech deems appropriate, without any consent from the applicant, but with notice given to the applicant Nonetheless, the applicant cannot transfer the rights and/or benefits and/or duties, either wholly or partly, under the Conditions of this Service to any individual and/or financial institution, unless a prior written consent is given by uab Fintech.
Whenever the Conditions of this Service or other related terms and conditions become void, illegitimate, invalid, or unenforceable, the other remaining terms and conditions (as the case may be) shall remain legally valid and enforceable; they shall not be affected by voidability, illegitimacy, invalidity or unenforceability of those terms and conditions.
The Conditions of this Service shall be governed by and construed in accordance with Myanmar law, and the court of competent jurisdiction in Myanmar will have exclusive jurisdiction in case of dispute under the Conditions of this Service.