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The highest-ranking shopping apps include Amazon, Flipkart and Myntra. Mobile commerce accounts for over a third 36 percent of all e-commerce transactions in India. Increased mobile commerce sales will be supported by good smartphone penetration, which, at 75 percent, 41 places it on a par with Singapore.

Apps are relatively under-utilized in India. They are used in only 14 percent of completed mobile commerce transactions; 43 in contrast, in China the rate is 67 percent. Card use in India is expected to rise at a compound annual growth rate of 53 percent to Another fast-growing payment method in India is digital wallets, which are currently used for a quarter of all e-commerce payments. As banking penetration in India increases, bank transfers are expected to rise quickly. Currently used for one in five e-commerce transactions, this payment method is expected to increase at a compound annual growth rate of 84 percent to , 51 to take a Morgan representative or call us on:.

International e-commerce success can hinge upon understanding the needs, nuances and growth patterns of individual nations. Accessed March Morgan offers a full suite of payments services to enable a seamless connection across the payments continuum for clients.

We bring our consultative expertise, data-driven insights, and local service around the globe to provide a more unified view of payables, receivables and cash management. This document is based on projected figures and is subject to change at any time. Data may vary from historical figures, due to certain categories being re-stated as new information sources have become available.

Information contained in this document has been prepared by third parties or obtained from sources which are believed to be reliable; but neither Chase Paymentech Europe Limited nor any of its affiliates warrant the completeness or accuracy of the information contained herein. Chase Paymentech Europe Limited and any of its affiliates shall have no liability to the user or to third parties, for the quality, accuracy, timeliness, or for any special, indirect, incidental or consequential damages which may be experienced because of the use of or reliance on the data or statements made available herein.

Third party trademarks, brand names, products and services are only referential and Chase Paymentech Europe Limited and its affiliates disclaims any sponsorship, affiliation or endorsement of or by any such third party.

Chase Paymentech Europe Limited, trading as J. Morgan, is regulated by the Central Bank of Ireland. Registered Office: J. Please review its terms, privacy and security policies to see how they apply to you. Morgan name. Orbital Virtual Terminal. That includes card Authorizations, settlements or refunds.

Online Payment Terminal allows you to process payments from your PC or laptop, just as you would with a point-ofsale terminal. Online POS Terminal. Paymentech Online. Paymentech Online allows multi-channel and large e-commerce merchants to manage their account online.

Resource Online. Resource Online allows small businesses and larger retail and card-present merchants to manage their account online. Developer Center. This self service portal makes it quick and easy to integrate your applications with J. You specifically authorize WePay and the Platform to obtain your business credit reports from time to time and use them in connection with establishing and maintaining your Account.

You must provide accurate and complete information to WePay and the Platform. Specifically, when you register, you must demonstrate that you can receive email at the email address you provide. If you do not confirm your email address, then a fourteen 14 days after you accept your first payment, you will not be able to accept additional payments, and b thirty 30 days after you accept your first payment, the Bank will refund to your Purchasers all of the payments you have accepted.

In addition, in order to settle the payments you have accepted to your bank account or other payment instrument, you must provide to WePay or the Platform identity and settlement information such as your bank account details.

If you do not provide identity and settlement information, then a thirty 30 days after you accept your first payment, you will not be able to accept additional payments, and b unless you provide identity and settlement information promptly, the Bank will refund to your Purchasers all of the payments you have accepted.

Finally, if at any time WePay or the Platform is unable to verify that the identity information you provided is correct and up-to-date, then, unless you provide verifiable information promptly, a WePay will disable your Account so that you cannot accept additional payments, and b the Bank will refund to your Purchasers all of the payments that you have accepted but not settled.

Neither the Bank, WePay nor the Platform will have any liability to you for your inability to accept payments or for refunds pursuant to this paragraph. WePay allows businesses including sole proprietorships , non-profit organizations and other entities to register for WePay if they are located in one of the 50 United States or the District of Columbia.

Residents of Puerto Rico, U. A Merchant must be either a United States citizen, a legal permanent resident of the United States, a United States federal, state or local government agency or a United States business or nonprofit organization having a physical presence in the United States and authorized to conduct business by the state in which it operates.

A user who opens an Account must be eighteen 18 years of age or older. You may open an Account for an entity only if it is legitimate and you have the authority to enter into this Agreement on its behalf.

Your acceptance of this Agreement constitutes acceptance by the entity. In order to comply with these requirements, we will ask for your business name, physical address, and government identification number in order to verify your identity. This Agreement also applies to Purchasers. In particular, Section 9 of this Agreement applies to Purchasers paying by bank transfer and to payment card information updates.

Neither WePay, the Bank, nor any other third party makes any representations or guarantees regarding Merchants or Purchasers utilizing the Service. Use of our Service in no way represents any endorsement by WePay or any Card Network, of a user's existence, legitimacy, ability, policies, practices, or beliefs. WePay does not have control of, or liability for, goods or services that are paid for with the Service. A nonprofit organization may use WePay to accept payments as a Merchant.

Not all nonprofit organizations are tax-exempt, and not all contributions to nonprofit organizations are tax-deductible. Nonprofit organizations are responsible for correctly classifying themselves and their transactions, issuing any required reports and receipts, and making any required tax or other filings. Contributors are responsible for verifying the status of organizations to which they donate and reporting their donations correctly for tax and other purposes.

WePay specifically disclaims any liability in this regard. Platforms are responsible for setting fees for transaction processing and exceptions processing and disclosing them to their Merchants. Platforms may charge an additional fee for the value-added services they provide.

If the Platform does not set refund fees otherwise, then the following refund policies apply. For Merchants with blended rate pricing, if the Merchant refunds a payment in full, WePay and Platform will return their transaction processing fees.

If Merchant refunds a payment in part, WePay will not return its transaction processing fees, and the Platform may choose whether to return its fees. Merchant agrees to pay the fees for the Service that are posted from time to time by WePay or by the Platform. A Platform may enable a Merchant to increase the amount it collects from Purchasers by these fees or by other amounts. Certain Card Network Rules or state laws may prohibit or impose restrictions on the assessment of surcharges or similar fees added to credit card transactions.

Subject to the terms of this Agreement, WePay and the Platform reserve the right to change our fees. By continuing to use the Service, you consent to the change in fees. To withdraw your consent, you must close your Account. By accepting this Agreement, you agree and consent to receive electronically all communications, agreements, documents, notices and disclosures collectively, "Communications" that we or the Platform provide in connection with your Account and your use of the Service.

Communications include but are not limited to:. We or the Platform will provide these Communications to you by emailing them to you at the primary email address listed in your Account registration, by texting them to you at the primary telephone number listed in your Account registration, by emailing or texting you a link or instructions how to access them on a website, or if permitted by law by posting them on the Website.

We or the Platform may also provide certain Communications such as federal and state tax statements by U. Communications are considered received by you within 24 hours of the time they are emailed to you, posted to the Website, or mailed to you. You further agree that your electronic signature has the same effect as your manual, physical signature. In order to access and retain electronic Communications, you will need the following computer hardware and software:.

By giving your consent, you are confirming that you have access to the necessary equipment and are able to receive, open, and print or download a copy of any Communications for your records.

It is important for you to retain copies of Communications because they may not be accessible in your Account at a later date. You may withdraw your consent to receive Communications electronically by contacting Customer Support, including by writing to "WePay, Inc. If, after you consent to receive Communications electronically, you would like a paper copy of a Communication previously sent to you, you may request a copy within days of the date the Communication was provided to you by contacting Customer Support as described above.

We or the Platform will send a paper copy to you by U. You understand and agree that WePay or the Platform may charge you an exceptions fee for each paper copy of a Communication. It is your responsibility to keep your primary email and street address up to date.

You understand and agree that if WePay or the Platform sends you a Communication but you do not receive it because your primary email or street address on file is incorrect, out of date, blocked by your service provider, or you are otherwise unable to receive electronic Communications, WePay or the Platform will be deemed to have provided the Communication to you. Please note that if you use a spam filter that blocks or re-routes emails from senders not listed in your email address book, you must add WePay or the Platform to your email address book so that you will be able to receive the Communications we send to you.

If your email address becomes invalid such that electronic Communications sent to you by WePay or the Platform are returned, then WePay or the Platform may close your Account, and you will not be able to transact any activity using your Account until we receive a valid, functioning primary email address from you. By registering as a Merchant, you also confirm that you will not accept payments or use the Service in connection with the activities, items or services set forth below.

If WePay determines that you have received funds resulting from fraud or a prohibited activity, those funds may be frozen, returned to the Purchaser, or seized. In addition, if we reasonably suspect that your Account has been used for an unauthorized, illegal, or criminal purpose, you give us express authorization to share information about you, your Account, your access to the Service, and any of your transactions with law enforcement.

WePay collects, analyzes and relays information generated in connection with payments between Purchasers and Merchants. WePay has entered into agreements with the Card Networks and the Bank.

You are not a third-party beneficiary of these agreements. Each of the Card Networks is a third-party beneficiary of this Agreement and has beneficiary rights, but not obligations, and may enforce this Agreement against you.

Some of the Card Networks may require a direct agreement with you. If you are required to enter into such an agreement and decline to do so, we may suspend or terminate your Account. You acknowledge that, if you receive payments from American Express exceeding the threshold specified by American Express, you will be converted to a direct card acceptance relationship with American Express and, upon conversion, you will be bound by the then-current American Express Card acceptance agreement and American Express will set the discount and other fees payable by you for American Express Card acceptance.

For example, where you accept payment cards on your website, you will display each card's logo with equal size and prominence, and you shall not display a preference for, or discriminate against, one card brand over another. If you are using the WePay subscriptions feature, you agree that it is your responsibility to comply with applicable laws, including the Electronic Funds Transfer Act Regulation E , including by capturing your customers' agreement to be billed on a recurring basis.

Notwithstanding WePay's assistance in understanding the Card Network Rules and ACH Rules, you expressly acknowledge and agree that you are assuming the risk of compliance with all provisions of the Card Network Rules and ACH Rules, regardless of whether you have possession of those provisions.

You agree to reimburse us and the Bank for all fines, fees, penalties, liabilities, or other charges or assessments by a Card Network, the ACH or other payment network relating to your actions or your transactions "Payment Network Liabilities".

The Card Networks make excerpts of their respective Card Network Rules available on their websites including usa. We can provide you with excerpted provisions of the ACH Rules upon your request.

If you are a Merchant or if you are a Purchaser paying by bank transfer, you authorize WePay and the Bank to initiate electronic ACH debit and credit entries to each bank account that you set up on the Website and to initiate adjustments for any transactions credited or debited in error.

Your authorization will remain in full force and effect until you notify us that you revoke it by contacting Customer Support or by closing your Account. You understand that WePay requires a reasonable time to act on your revocation, not to exceed five 5 business days. If you are a Merchant, you authorize WePay to instruct the Bank to hold, receive, disburse and settle funds on your behalf.

Subject to this Agreement, you also authorize WePay to instruct the Bank to debit or credit any bank account or other payment instrument that you link to your Account, to initiate adjustments for any transactions credited or debited in error, as well as for chargebacks, reversals, or claims in accordance with this Agreement, the Card Network Rules and ACH Rules. You authorize WePay to electronically debit your designated account and, if necessary, electronically credit your account to correct erroneous debits for all ACH Transactions that you initiate for the designated amount on the designated date of such ACH Transaction as set forth on your receipt.

You understand that this authorization will remain in full force and effect until you notify the Platform or WePay customer support in writing that you wish to revoke this authorization. If you are a Purchaser paying by credit card and your credit card account number changes or your credit card expiration date changes, we may acquire that information from our financial service providers and update your Account. WePay may use Plaid, Inc. When you set up a bank account on the Website and input your online banking credentials for instant verification, you are granting Plaid the right, power and authority to access and transmit your personal and financial information from your financial institution.

You agree to your personal and financial information being transferred, stored, and processed by Plaid in accordance with the Plaid Privacy Policy. The Service supports most domestic and international credit, debit, prepaid or gift cards with a Visa, MasterCard, American Express or Discover logo.

We may add or remove support for certain payment cards at any time without prior notice. We may elect only to process cards that receive an authorization from the applicable issuer.

You agree to accept all of the cards issued by Card Networks that the Service supports in accordance with the terms of this Agreement. We may conduct verification checks on Purchasers to ensure account ownership and sufficient balance, and we may refuse to process payments from Purchasers at our discretion.

We may share some or all of the information about you and your transactions with the Bank, the Card Networks, and our other service providers and their respective affiliates, agents, subcontractors, and employees , who may use this information to perform their obligations under their agreements with WePay, to operate and promote their respective networks, to perform analytics and create reports, to prevent fraud, and for any other lawful purpose.

American Express and other Card Networks may use your name, address, and website address URL in any media from time to time. At any time, WePay, the Bank, the Card Networks or our other service providers may conclude that you will not be permitted to use the Service.

You agree that WePay is permitted to contact and share information about you and your Account with the Bank, the Card Networks, other financial institutions, and government agencies. This includes sharing information a about your transactions for regulatory or compliance purposes, b for use in connection with the management and maintenance of the Service, c to create and update their customer records about you and to assist them in better serving you, d for use in connection with their agreement with us, to operate and promote their business, perform analytics and create reports, and for any other lawful business purpose, and e to conduct risk management.

WePay will instruct the Bank to settle funds to the Merchant's bank account or other payment instrument according to the schedule the Merchant selects daily, weekly, or monthly. Merchants may request ad-hoc settlement at any time. If the Bank cannot transfer the funds to the Merchant's bank account or other payment instrument due to inaccurate or obsolete bank account information entered by the Merchant, or for any other reason , WePay may instruct the Bank to refund the funds to the Purchaser or escheat them pursuant to Section 22 below.

Neither the Bank, WePay, Platform, nor the Purchaser will have any liability to Merchant for funds so refunded or escheated. Settlements to a bank account or other payment instrument may be limited or delayed based on your perceived risk and history with WePay. Should WePay, the Bank or the Platform need to conduct an investigation or resolve any pending dispute related to your Account, WePay may instruct the Bank to defer settlement or restrict access to your funds for the entire time it takes us to do so.

The Bank may also defer settlement or restrict access to your funds as required by law or court order, or if otherwise requested by law enforcement or governmental entity. WePay or the Platform may respond to and comply with any writ of attachment, lien, levy, subpoena, warrant, or other legal order "Legal Order". WePay or the Platform may instruct the Bank to deliver or hold any funds or any information as required under such Legal Order.

Neither WePay, the Bank nor the Platform is responsible for any losses that you may incur as a result of our response or compliance with a Legal Order. All settlements to Merchants are subject to review for risk and compliance purposes and can be delayed or postponed at WePay's, Platform's or the Bank's respective sole discretion. The bank account or other payment instrument linked to your Account will remain open while you use the Service and for at least days afterwards or longer as we may request.

During this time, you will ensure that we are permitted to initiate debit and credit entries to or from your bank account or other payment instrument.

If you link your Account to a Chase bank account, then we may assign and transfer your Account information and documentation to a replacement Chase bank account at our discretion. We may make this assignment when your Chase bank account is reported compromised by you or any person authorized to access your Chase bank account on your behalf.

If Chase issues you a replacement Chase bank account, then this Agreement governing you and your Account will continue to apply, without interruption, as if you retained the discontinued Chase bank account. A "Reserve" is funds the Bank may withhold from you or require you to pay or obtain from any bank account or other funding source associated with any Account you hold with WePay and which the Bank maintains to protect WePay and the Bank against a risk that we or the Bank reasonably anticipate.

We or the Platform will notify you of the amount of any required Reserve, which we and the Bank will determine in good faith. WePay may but is not required to apply funds in the Reserve toward, and set off any funds that would otherwise be payable to WePay to you against, the satisfaction of any amounts due from you pursuant to this Agreement.

The Bank will hold and control any required Reserve. The Reserve will not bear interest, and the Bank can commingle the Reserve with other funds.

You have no interest in any Reserve other than a contingent right to receive any unused funds. WePay may periodically instruct the Bank to increase your required Reserve, or return Reserve funds no longer needed to manage your risk. When we and the Bank decide a Reserve is no longer needed, the Bank will return all unused Reserve funds to you.

The right to require a Reserve will survive termination of this Agreement. This means that this Section 13 will remain in force even if you or we terminate the Agreement. You are not required to have funds in your Account in order to use the Service. Any funds in your Account will be co-mingled and held by the Bank with other Merchants' funds in one or more pooled accounts at the Bank that are established in the Bank's name for the benefit of you and other users.

The Bank has sole discretion over the establishment and maintenance of any pooled account. If your Account is negative for an extended period of time as defined by WePay in its sole discretion , the Bank may close your Account, and we may pursue legal action or other collection efforts. Further, you agree to certify such compliance and provide documentation in accordance with Card Network Rules, or when asked by WePay to do so. You also agree that you will use only PCI DSS compliant service providers in connection with the storage, processing, or transmission of Cardholder Data.

You are fully responsible for the security of data including but not limited to Cardholder Data on your website or otherwise in your possession or control. You agree to comply with all applicable laws, Card Network Rules and ACH Rules in connection with your collection, security and dissemination of any personal, financial, or transaction information.

You are responsible for determining any and all taxes assessed, incurred, or required to be collected, paid, or withheld, in connection with your use of the Service. You are solely responsible for collecting, withholding, reporting and remitting any taxes to the appropriate tax authority. WePay is not obligated to, and will not, determine whether taxes apply, or calculate, collect, report or remit any taxes to any tax authority arising from your use of the Service. Merchant Services is a global business and therefore we transmit, transfer, store or process personal information to, or through, other countries in the world, as we deem necessary, appropriate, and in accordance with applicable legal, contractual or regulatory obligations.

When we do, we take appropriate steps to protect the confidentiality and security of the personal information in accordance with this Privacy Statement. Our employees, affiliates and third parties we engage to provide services on our behalf are responsible for complying with the data protection requirements set forth in this Privacy Statement.

Use and Disclosure of Information Merchant Services uses, retains and discloses personal information to i comply with any applicable legislation requiring Merchant Services to obtain, verify, and record information that identifies each entity with which it establishes a Merchant relationship; ii evaluate your eligibility for a Merchant account, which involves disclosure to consumer reporting agencies, commercial credit bureaus, and relevant financial institutions; and iii as required or permitted by law.

Merchant Services also uses your information to contact you about other Merchant Services offerings and services, as well as offerings and services of our affiliates. If you are, or become a Merchant, Merchant Services discloses your information, and information about your officers, directors and guarantors during the course of providing such services to card associations, banks and other financial institutions involved in the course of processing or screening the transaction, and to third parties that have contracted with Merchant Services to perform certain functions of our services on our behalf.

Merchant Services uses or discloses your personal information for the additional purposes of facilitating and completing merchant-initiated or authorized transactions; complying with local laws, including credit reporting laws and card association rules; assisting in preventing fraud; informing you about general company news, product updates and developments, card association rules, and industry trends; offering you products and services of interest to you; or as otherwise permitted by your agreements with us, your consent, or as required by applicable law.

These measures include appropriate administrative, technical and physical safeguards designed to protect against anticipated threats or hazards to the security or integrity of such information and against unauthorized access to or use of such information. Retention of Information Merchant Services retains the personal information it collects as long as necessary for the fulfillment of the purposes for which it was collected, subject to reasonable legal limitation periods, statutory or regulatory retention requirements and legitimate business requirements.

Merchant Services will use reasonable efforts to ensure that personal information which is no longer required will be disposed of or destroyed in a secure manner. Personal information does not include aggregate information that cannot be associated with a specific individual, and in certain jurisdictions, it also excludes business contact information. Modifications to Privacy Statement We continue to review our policies and procedures to assure they are effective in meeting our commitments to our Merchants.

Accordingly, we may change this Privacy Statement from time to time. All changes will become effective when posted unless indicated otherwise. Contact Information If you have any questions about this Privacy Statement, please contact us. Please review its terms, privacy and security policies to see how they apply to you. Morgan name.

Orbital Virtual Terminal. That includes card Authorizations, settlements or refunds. Online Payment Terminal allows you to process payments from your PC or laptop, just as you would with a point-ofsale terminal.

Online POS Terminal. Paymentech Online. Paymentech Online allows multi-channel and large e-commerce merchants to manage their account online.

Resource Online. Resource Online allows small businesses and larger retail and card-present merchants to manage their account online. Developer Center. This self service portal makes it quick and easy to integrate your applications with J.

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