Service Exclusivity Policy

Effective Date: 01 Dec 2024

STAAR PAYOUT PRIVATE LIMITED (“Company,” “we,” “our,” or “us”) provides its services exclusively within the territory of India. This Service Exclusivity Policy outlines the scope and limitations of our services to ensure alignment with regulatory requirements, operational efficiency, and client expectations.

1. Purpose

The purpose of this policy is to:

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  • Clearly define the geographic boundaries of our service offerings.

• • Ensure compliance with Indian regulations and industry standards.

• • Focus on delivering high-quality solutions tailored to clients operating in India.
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2. Scope of Services

This policy applies to all services offered by the Company, including but not limited to:

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  • Pay-in (collection) and payout (payment) API solutions.

• • Vendor payouts, salary payouts, and RNR (Rewards and Redemptions) services.

• • Integration with SAP platforms and other enterprise systems.
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3. Service Territory

India-Only Operations

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  • The Company’s services are exclusively available to clients based in India or conducting business operations within Indian territory.

• • All transactions, integrations, and support services are designed to comply with Indian laws and regulations.
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4. Regulatory Compliance

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  • The Company ensures adherence to Indian laws, including:
    
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      • Information Technology Act, 2000.
    • • Prevention of Money Laundering Act, 2002 (PMLA).
    • • Goods and Services Tax (GST) regulations.

• • Services offered are tailored to meet the compliance and operational needs of Indian businesses.
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5. Limitations

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  • The Company does not offer services to entities located outside of India or conducting business exclusively outside Indian territory.

• • Transactions or integrations requiring compliance with non-Indian laws or regulations will not be supported.
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6. Client Responsibilities

Clients engaging with the Company must:

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  • Operate within India or conduct substantial business operations in India.

• • Comply with all Indian regulations and provide accurate documentation during onboarding.

• • Notify the Company promptly of any changes in their operational jurisdiction.
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7. Updates to This Policy

The Company reserves the right to update this policy periodically to reflect changes in services, legal requirements, or operational needs. Updates will be communicated via email or posted on our website.

8. Contact Us

For questions or concerns regarding this Service Exclusivity Policy, please contact us:

STAAR PAYOUT PRIVATE LIMITED
A-1/2, First Floor, Shakti Nagar Extension, Ashok Vihar, North West Delhi, Delhi, Delhi, India, 110052

Email: support@itstarpay.com
and staarpayout0@gmail.com