Terms of Service

2. Nature of Services

AbaPay operates strictly as a Technology Interface and Borderless Digital Intermediary. We provide a non-custodial software protocol that allows users to interact with smart contracts on the Celo Blockchain to exchange digital assets (such as cUSD or USDT) for fiat-denominated utility services (Airtime, Data, Electricity, and Bank Transfers) across Nigeria and supported international countries.

We are not a bank. We do not hold fiat currency deposits. All fiat utility vending is processed through licensed domestic and international Third-Party Aggregators (e.g., VTpass) and regulated Payment Solution Service Providers across our active geographic regions.

3. Anti-Money Laundering (AML) & Compliance

To comply with the Special Control Unit Against Money Laundering (SCUML), the Securities and Exchange Commission (SEC) of Nigeria, and international Financial Action Task Force (FATF) guidelines, AbaPay reserves the right to monitor transactions for illicit activities.

You agree not to use AbaPay for cross-border terrorism financing, money laundering, fraud, or any illegal activity. We reserve the right to freeze transactions, block wallet addresses, and report suspicious activities to Nigerian and international law enforcement agencies without prior notice.

4. Blockchain Irreversibility & User Responsibility

• Irreversible Transactions: Blockchain transactions are inherently immutable. Once you confirm a payment via your Web3 wallet, the digital assets cannot be recovered by AbaPay.
• Accuracy of Information: You are 100% responsible for ensuring the accuracy of the destination country code, phone number, meter number, or bank account. AbaPay is not liable for funds sent to incorrect accounts or foreign destinations due to user typographical errors.
• Self-Custody: AbaPay does not have access to your private keys. You are solely responsible for the security of your Web3 wallet.

5. Exchange Rates, Fees, and Taxes

Exchange Rates: The cryptocurrency-to-fiat exchange rate (e.g., NGN, GHS, KES, ZAR, USD) is determined dynamically at the time of your transaction via live international market APIs. By clicking "Pay", you lock in the displayed rate. AbaPay is not liable for crypto market volatility.

Fees: AbaPay charges a transparent convenience fee for certain heavy-infrastructure utility categories. Additionally, network "Gas" fees charged by the underlying blockchain may apply.

Taxes: You are solely responsible for determining any tax implications associated with your use of digital assets and paying any applicable taxes to the relevant tax authorities in your geographical jurisdiction (e.g., FIRS in Nigeria).

6. Third-Party Services & Limitation of Liability

AbaPay relies on external utility providers and international telecommunications networks (e.g., MTN Global, Airtel Africa, DSTV, global electricity boards) and API aggregators.

Limitation of Liability: To the maximum extent permitted by law, MASONODE TECHNOLOGIES LIMITED shall not be liable for:

• Downtime, delays, or service failures caused by domestic or international telecommunication networks or utility providers.
• Blockchain network congestion or smart contract vulnerabilities outside our direct control.
• Financial losses resulting from regulatory actions by local or international governments affecting digital assets.

7. Refunds and Reversals

If your Web3 transaction is successfully confirmed but the Third-Party utility provider fails to deliver the service (e.g., failed token generation or foreign network rejection), AbaPay will automatically flag the transaction. Upon verification of the failure, AbaPay will issue a refund in the original stablecoin asset (less blockchain gas fees) to your connected wallet within 24 to 72 hours.