Collection Account Terms & Conditions

Last Updated: 2nd March 2025

These Terms and Conditions ("Agreement") govern your use of the Collection Account services ("Collection Account") offered by Boya Limited (“Boya”, “we”, “us”, or “our”). By accessing or using the Collection Account, you agree to these terms, in addition to Boya’s General Terms and Conditions.

1. Definitions

2. Acceptance of Terms

By accessing or using the Collection Account, you confirm that you have the legal authority to bind your business to this Agreement. If you do not agree with these Terms, you must not use the Collection Account.

3. Use of Collection Account

3.1 Permitted Use

3.2 Restrictions

4. Account Registration and Compliance

4.1 Eligibility

4.2 Compliance with Laws

5. Settlement and Funds Movement

5.1 Holding and Transferring Funds

5.2 Settlement of Funds

5.3 Fees and Charges

6. Security and Responsibilities

6.1 Security Obligations

6.2 Unauthorized Access

7. Suspension and Termination

7.1 Suspension by Boya

7.2 Termination

8. Confidentiality

Both parties agree to maintain the confidentiality of non-public information shared under this Agreement.

9. Warranties and Disclaimers

10. Governing Law and Dispute Resolution

Kenyan law governs this Agreement. Disputes shall be resolved through arbitration per the Arbitration Act of Kenya.

11. Miscellaneous

12. Contact

Email: support@boyahq.com

By using the Collection Account, you agree to these Terms and Conditions.