Terms of Service

Overview

This website is operated by ChamsSwitch Ltd., the Company that powers the Naira.com solution. By visiting our site herein, you engage in our "Service" and agree to be bound by the following terms and conditions. These Terms of Service apply to all registered User s on the site, without excluding browsers. Please read these Terms of Service carefully before accessing or using our website. By accessing or using any part of the site, you agree to be bound by these Terms of Service.

Account Usage

After a profile has been created and activated, the registered User shall be able to initiate the following transactions;

  • Debit any customer’s Bank debit card
  • Any other service that may be introduced by Chamsswitch from time to time

Chamsswitch does not warrant that all functionalities shall be available at all times and may withdraw any functionality on the Naira.com solution in general as a direct result of new or amended legislation, statutory requirements or Government regulations, policies or any other compelling reasons

Chamsswitch may provide additional functionalities on the Naira.com menu following integration with platforms of Financial Institutions and other entities providing you with specified services. Such functionalities may give you limited access to platforms of the financial institution or other entities. By using such functionality to gain access to other platforms, you hereby agree to indemnify Chamsswitch against and hold Chamsswitch harmless from any losses arising from access to such external platforms.

In event of any review of our business plans, technical, public interest or operational reasons, changes within the industry, recommendation from regulatory bodies or similar events, Chamsswitch may vary Terms and Conditions or policies affecting usage and shall notify you of such changes through appropriate means. Your continued usage of Naira.com service shall be deemed to be acceptance of all such varied terms and conditions or policies.

Fees

You are responsible for the payment of all applicable fees associated with using any product on Naira.com as contained in the applicable fee section of various products.

All fees are deductible at source and are subject to change at any time at Chamsswitch's discretion.

Except as may otherwise be notified, fees are inclusive of all applicable taxes including Value Added Tax at the applicable rates.

Security

We take utmost precautions to ensure your personal information are protected. We follow Industry best practices to restrict misuse or unauthorized disclosure.

Your credit card information used for transactions on this platform is encrypted. There is no fool proof method of security but we follow Payment Card Industry Data Security Standards ensuring industry standards are met.

Suspension, Termination and freezing

Chamsswitch reserves the rights at its sole discretion to suspend or terminate the agreement if you use Naira.com account for unauthorized purposes.

Chamsswitch may be compelled by law to suspend and or freeze your Naira.com Account or decline to execute your transaction request if there are reasonable grounds an account has been or is being or may be used in connection with any criminal or fraudulent activity.

You may request your account to be closed by giving a written e-mail notice to: info@chamsswitch.com or support@chamsswitch.com

Donation

Chamsswitch reserves the rights at its sole discretion to suspend or terminate the agreement if you use Naira.com account for unauthorized purposes.