1.1. This Agreement sets out the complete terms and conditions between you, VCL Financial Services (Vodacom) and AIRVANTAGE “AIRVANTAGE” for the Service (as hereinafter defined) and shall be binding on your personal representatives and assignees.

1.2. These terms and conditions and any amendments or variations thereto take effect on their date of publication.

1.3. These Terms are supplemental to the M-PESA Terms and Conditions. In the event of any inconsistency between these Terms and the M-PESA Terms and Conditions or any other relevant Terms and Conditions, these Terms and Conditions shall prevail.


In these terms and conditions, the following words and expressions (save where the context requires otherwise) bear the following meanings:

2.1. “Agreement” means these terms and conditions and any amendments that will be made from time to time.

2.2. “Applicant” means any person who, through the Opt-In Function, applies for enrolment or registration onto the Service and establishment of an Advance limit.

2.3. “Credit Reference Bureau” or “CRB” means Compuscan Lesotho.

2.4. “AIRVANTAGE” means AIRVANTAGE Limited incorporated in Lesotho as a limited liability company under the Companies Act and duly licensed as a bank under the Banking Act and includes affiliates or subsidiaries of AIRVANTAGE as may from time to time be specified by AIRVANTAGE to you.

2.5. “Currency Equivalent” means the Maloti equivalent of the corresponding E-Money amount.

2.6. “Customer” means any Applicant or any person who has registered to use the Service and has accepted this Agreement.

2.7. “Customer Care Centre” means a customer care Centre designated for the Service in accordance with these terms and conditions.

2.8. “Event of Default” refers to any of the circumstances set out in Clause 10 below.

2.9. “E-Money” means the electronic value issued by Vodacom and transacted within M-PESA and representing an entitlement to an equivalent amount of the cash monies.

2.10. “Equipment” includes your mobile phone handset, M-PESA enabled SIM Card and/or other equipment which when used together enables you to access the Network.

2.11. “Facility” means any funds advanced to your MPESA Account to enable you complete payments for the transactions and services provided under Clause 11 where your M-PESA Account Balance has insufficient funds.

2.12. “Fees” means the Fees applicable for the Services and include any other Fees for the Facility as communicated by us from time to time in accordance with this Agreement and

includes any charges, and applicable taxes thereon under the laws of Lesotho.

2.13. “Government” means the National Government or any other Government lawfully established under the laws of Lesotho.

2.14. “Know Your Customer” also known as KYC refers to the customer due diligence obligations prescribed by relevant laws and as may be prescribed or recommended by the Government or Central Bank of Lesotho from time to time;

2.16. “M-PESA” means the money transfer and payment service that is managed and operated exclusively by Vodacom in Lesotho and licensed by the Central Bank of Lesotho.

2.17. “M-PESA Account” means your M-PESA wallet registered in your name and through which you applied for the Services.

2.18. “M-PESA Subscriber” means a person who has registered to use M-PESA and accepted the MPESA terms and conditions. 2.19. “M-PESA Subscriber Credit Data” means data relating to your credit activity within the M-PESA System.

2.20. “M-PESA Subscriber Data” means an M-PESA Subscriber's name and any of such subscriber's national identity card number, military card number, diplomatic identity card number, alien card number, passport number or driving licence number, as reflected in Vodacom's records from time to time.

2.21. “M-PESA System” means the technical platform for the time being providing the M-PESA service.

2.22. “M-Pesa Advance” means the M-Pesa Advance service offered by AIRVANTAGE in partnership with Vodacom.

2.23. “M-Pesa Advance Subscriber Data” means an M-Pesa Advance subscriber's name and any of such subscriber's national identity card number, military card number, diplomatic identity card number, alien card number, passport number or driving license number.

2.24. “M-Pesa Advance Subscriber Credit Data” means information relating to the use by an M-PESA subscriber of the M-PESA Service and the Network.

2.25. “MSISDN” Mobile Subscriber Integrated Services Digital Network Number (Mobile Number).

2.26. “Network” means the mobile cellular network operated by Vodacom.

2.27. “Opt-in Function” means the proprietary menu option developed by Vodacom and available on USSD, M-PESA enabled SIM Cards and the Vodacom App that enables M-PESA Subscribers to apply to Vodacom to register for the Service.

2.28. “Amount Due” refers to any Facility amount, Fees, Charges that remains unpaid after the Facility Period.

2.29. “Advance limit” means the maximum Facility amount you are allowed on the Service as defined, established and communicated to you by us from time to time based in your credit score.

2.30. “Party” refers to You, AIRVANTAGE or Vodacom singularly.

2.31. “Parties” means You, AIRVANTAGE and Vodacom jointly.

2.32. “PIN” means your personal identification number being the secret code used to access and operate your Equipment on the M-PESA System including but not restricted to access and use of the Service.

2.33. “Recovery Expenses” include any costs incurred by us to recover Overdue Amounts.

2.34. “Repayment” means repayment of any amount due under the Service as defined in these Terms and Conditions including but not restricted to repayment of the Facility and Fees.

2.35. “Facility Term” means the period agreed for full Repayment of the Facility, being the earlier of full repayment of the Facility or thirty (30) calendar days from the date when the outstanding Facility was first granted. The Facility Term shall not be affected by any subsequent or further Request made within the Advance limit until the Facility is paid back in full.

2.36. “Request” means a request or instruction received by us from you or purportedly from you through the Network and the System and upon which we are authorized to act.

2.37. “Vodacom” means Vodacom Lesotho, a public limited liability incorporated in Lesotho under the Companies Act.

2.38. “Vodacom App” means the software application known as Vodacom App as published, updated and upgraded by Vodacom from time to time.

2.39. “Service” means the M-PESA Account overdraw service which allows M-PESA Subscribers to overdraw their M-PESA Accounts in order to complete transactions in Accordance with this Agreement..

2.40. “SIM Card” means the subscriber identity module which when used together with other prescribed Equipment enables an M-PESA Subscriber to use the M-PESA Service.

2.41. “STK Menu” means the M-PESA STK menu embedded on the SIM Card and appearing on the M-PESA user interface.

2.42. “USSD” means the USSD service provided by Vodacom.

2.43. “We,” “our,” and “us,” means both Vodacom and AIRVANTAGE and includes our successors and assigns.

2.44. “You” or “your” means the Customer and includes the Customer's personal representatives and assigns.

2.45. Words importing the singular meaning where the context so admits include the plural meaning and vice versa.


3.1. Before opting-in or registering for the Service, you should carefully read and understand these terms and conditions as they govern the access, use and operation of the Service. These Terms and Conditions are available on www.Vodacom.co.ls and www.airvantage.co.ls . Where you are unable to read and understand these terms and conditions from an electronic device you are requested to collect a printed version from a Vodacom Shop.

3.2. If you do not agree with these terms and conditions, please click “Cancel” on the Opt-in Function.

3.3. You will be deemed to have read, understood and accepted these terms and conditions:

3.3.1. upon clicking on the “Accept” option on the Opt-in Function requesting you to confirm that you have read, understood and agreed to abide by these terms and conditions; and or 3.3.2. by using or continuing to use and requesting for the Service.

3.4. By registering for the Service, you agree to comply with and be bound by these terms and conditions as amended and revised from time to time and you affirm that these terms and conditions are without prejudice to any other rights that we may have in law or otherwise regarding your registration, access and use of the Service.

3.5. We may from time to time vary or amend these terms and conditions and your continued access and use of the Service constitutes your acceptance to be bound by the terms of any such amendment or variation.


4.1. By opting into the Service, you confirm that you are least eighteen (18) years old and a registered and active M-PESA Subscriber for at least three (3) months immediately preceding the date of your application to register for the Service. We confirm that you are now a AIRVANTAGE Limited customer. We reserve the right to verify the authenticity and status of your M-PESA Account and transactions and may decline your application if we are not satisfied that you have met these minimum requirements.

4.2. You may register for the Service on more than one MSISDN provided that these terms and conditions will apply to each M-PESA Account that may be registered in your name.

4.3. You hereby agree and authorize us to exchange between Vodacom and AIRVANTAGE any of your personal information held by us in respect of provision of any Vodacom or AIRVANTAGE products and services including the M-PESA Service. Such personal information includes but is not restricted to your phone number, name, date of birth, ID or Passport Number and such other information that will enable us to identify you and comply with the regulatory “know your customer” requirements (together the “Personal Information”).

4.4. You also hereby agree and authorize us to use information relating to your use of the M-PESA service, M-Pesa Advance Service, M-PESA System and other Vodacom products as we shall require for purposes of delivering the Services (“M-PESA Information”).

4.5. You may opt in to the Service solely by way of an electronic application made by you using your Equipment via the USSD or Vodacom App.

4.6. You hereby agree and authorize us to obtain and procure your Personal Information contained in the Home Affairs from the Government of Lesotho and you further agree and consent to the disclosure and provision of such Personal Information by the Government of Lesotho to us.

4.7. You hereby further acknowledge and authorize us to verify your Personal Information in our custody against the information received from the Government of Lesotho in your respect as contained in the Home Affairs.

4.8. We reserve the right to request further information from you pertaining to your application to register for the Service at any time. Failure to provide such information within the time we require may result in a decline of your application to register for the Service.

4.9. Our acceptance or decline of your application to register for the Service shall be communicated through an SMS sent to your Vodacom registered mobile phone number (MSISDN) associated with your M-PESA account and or Equipment. You acknowledge and accept that our acceptance of your application to register for the Service creates a separate and distinct contractual relationship between you and Vodacom outside the terms and conditions that apply to your M- PESA Account from time to time.

4.10. We reserve the right to decline your application to register for the Service or, subject to 30 days' notice or such other notice as may be required by law, to revoke your registration on the Service. Where we decline your application to register or revoke your registration we shall endeavor to formally communicate to you our reasons for the same.


5.1. You hereby irrevocably authorize us to act on all Requests received by us using your M-PESA PIN and to hold you liable in respect thereof. We may nevertheless refuse to carry out any requests beyond the scope of the Service as offered from time to time.

5.2. We shall be deemed to have acted properly and to have fully performed all our obligations upon our compliance with the Request. We may ask for further information or confirmation (whether written or otherwise) from you before complying with a Request but shall not be obliged to comply with a Request in the absence of such further information or confirmation.

5.3. We shall decline any Request for a Facility under the Service if you exhaust your Advance limit or M-PESA transactional limit (as communicated by Vodacom) and reserve the right to partly decline your Request if fully complying with the same would cause you to exceed the Advance limit or M-PESA transactional limit. In deciding whether to offer you the Service, we shall take account of any outstanding Facilities plus Fees on your M-PESA Account in accordance with these terms and conditions or the terms and Conditions relating to the M-PESA Service. We shall not be obliged to take account of regular credits or any amounts received after declining such Request.

5.4. You can only cancel a Request by Requesting cancellation through the Sim Tool Kit (STK) or using the My Vodacom Application (APP). Cancellation will however only be allowed where your Request has not yet been acted on by us. If we are able to cancel your Request you may be charged for such cancellation.

5.5. You hereby authorize us to effect such orders and act on such instructions in respect of your M-PESA Account as may be required by the Government or any court order or by a competent authority or agency under the applicable laws


6.1. Upon opting into the Service, you will receive a confirmation message bearing your Advance limit.

6.2. If you are not allocated an Advance limit, you must continue to transact on M-PESA in order to build a transaction history and enhance your credit score in order to be eligible an Advance limit.

6.3. By accepting these Terms and Conditions, you agree and admit that we reserve the exclusive right to set the Advance limit.

6.4. You may check your Advance limit using the appropriate menu option provided on your Equipment through Vodacom USSD or Vodacom App.

6.5. You acknowledge that any Facility granted to you will result in an advance on your M-PESA Account up to the equivalent of the value of the Facility and Fees applicable to the Facility. The Fees will be added onto the Facility and deducted from your M-PESA Account. The Fees will include any applicable taxes, levies and excise duties applicable under the law.

6.6. You may Opt-In to the Service through more Thes one MSISDN in accordance with this Agreement and subject to repayment of any Advance limit provided under the Service.

6.7. Your Request for a Facility will be appraised according to our Facility appraisal procedures. We reserve the right at our sole discretion and, without assigning any reason, to approve or decline such Request. Communication of our acceptance or decline of your Request will be via SMS sent to your Vodacom mobile phone number (MSISDN) and or Equipment.

6.8. Any Facility granted must be repaid in full within thirty (30) days from the date when the Facility was first granted (the first draw down date). You will not qualify for any new or additional Facility where any facility remains outstanding beyond the thirty

days or are in default of any of the Terms and Conditions of the Facility including these terms and Conditions.
6.9. You may Request for the Facility multiple times within the Facility Term subject to the Advance limit.


7.1. We may from time to time prescribe the minimum and maximum Facility you may be able to Request on the Service. Such limits will be communicated through SMS, our website, www.Vodacom.co.ls or may obtained from any Vodacom Shop.

7.2. The Advance limit is subject to review from time to time and we reserve the right to vary your Advance limit without giving any reasons. We shall notify you of any variation to the Advance limit and your continued use of the Service will constitute acceptance of your revised Advance limit.

7.3. Where you have any outstanding Facility for more than thirty (30) days, your right to use the Service and any un-utilised Advance limit will be suspended forthwith.

8. CREDIT SCORING Your Advance limit and our continued approval of your Requests for a Facility will be determined by

your credit score. Your credit score will be assessed based on various matters including the information obtained from your use of Vodacom Services and the M-Pesa Advance Service and repayment history on your existing Advance limit.

9.1. Provided that no event of default (as outlined in this Agreement) has occurred it is agreed that the Facility shall be available on an ongoing/continuous basis for a period of thirty (30) days from the first date of utilisation of the Facility (The Facility Term).

9.2. After the expiry of the Facility Term, We reserve the sole discretion to renew or extend the Facility Term. Subject to our periodic review of your limit as set out in Clause 7, you acknowledge that the renewal or extension will be under the existing terms and conditions. You will be notified of each instance of renewal or extension of the Facility Term.

9.3. You irrevocably instruct us to automatically recover the Facility in full together with Fees from the appropriate M-PESA Account. You acknowledge that, in order to effect these instructions, Vodacom shall automatically debit the amounts due from the credits deposited or received into your M-PESA Account at any time until the Facility is cleared in full.

9.4. We may terminate our relationship with you and suspend your access to the Service if you fail to repay the Facility in full together with any outstanding Fees within the Facility Term.

9.5. Any funds available in your M-PESA Account shall be applied towards Repayment of the amount due in the following order of priority:

9.5.1. First in repayment of all Fees.

9.5.2. Secondly towards repayment of the Facility.

  1. EVENTS OF DEFAULT An event of default occurs:

10.1. Where any Facility is due and unpaid for thirty (30) days or more, or

10.2. Where you have exceeded your Advance limit; or

10.3. If any representations or statements or particulars made by you are found to be incorrect; or

10.4. If you commit any breach or fail to observe, keep or perform any of the terms, conditions covenants or provisions of any other agreement between us and yourself in respect of the Facility; or

10.5. if there is reasonable apprehension that you are unable to pay your debts or we receive any notice that you have admitted any inability to pay your debts as they become due; or

10.6. if you are convicted under any criminal law in force related to use of the services or any other related services; or

10.7. If any judgement or decree in any legal proceedings is passed against you which is not satisfied within seven (7) days of demand, or

10.8. If a Garnishee or Attachment Order or a lien created against any of your deposits with us or assets maintained by you is made.


11.1. At any time after an Event of Default has occurred which is continuing, we may, without prejudice to any other right or remedy granted to us under any law:

11.1.1. terminate the Services in accordance with clause 23 below;

11.1.2. declare that the Facility (inclusive all fees and charges) and all other amounts outstanding under these Terms and Conditions is immediately due and payable, whereupon you shall be required to settle the Facility with immediate effect; and

11.1.3. hold any of your funds standing in credit with AIRVANTAGE as collateral and security for any amounts outstanding and due from you in respect of the Facility or Service. You hereby agree and confirm that AIRVANTAGE is entitled in its discretion to prevent or restrict you from withdrawing in whole or in part the funds in your Accounts for so long as and to the extent of the amount outstanding in respect of your Loan without AIRVANTAGE giving any notice to you and/or without incurring any liability to you whatsoever in that connection.

11.1.4. have a right of lien and set off over funds held by you in any of your Accounts with AIRVANTAGE. AIRVANTAGE may, without notice, set off against any amount due from any other account whether current, loan, savings, mobile savings or loans or any other type of account.

11.1.5. submit information concerning the Event of Default to Credit Reference Bureaus as required under the Banking Act or any other regulatory body.

11.1.6. take reasonable measures including engaging an independent debt-collection agency, to recover the amount in default. These costs will be for the subscribers account.

12.1. You may only utilize your Facility to complete the following transactions on M-PESA via STK or My Vodacom APP (hereinafter “Permitted Transactions”) to the extent that funds available on your M-PESA Account would otherwise be inadequate to complete payment for the Permitted Transaction:

12.1.1. to send money to registered and unregistered M-PESA customers;

12.1.2. To make payments via “M-PESA” transactions. We may from time to time add or withdraw the Permitted Transactions.

12.2. Your Facility will be applied strictly for completion of Permitted Transactions.

12.3. You accept that completion of the Permitted Transactions and all matters arising from or related to completion of the Permitted Transactions shall be strictly governed by the terms and conditions for the M-PESA Service.

12.4. We reserve the right to vary the Fees payable thereon from time to time having regard to the prevailing rules and regulations and our policies provided that increase of fees and charges will be effected thirty days ( 30) days after issuance of a notice of the intended increment.

13.1. You acknowledge and accept that we shall have a general lien over (right to retain) all your property in our possession. Such property and assets include but are not restricted to cash, goods, securities or valuables deposited for safe custody as security, cheques presented, bills and any other movable or immovable property charged to secure repayment of any money, whether or not that money has been repaid, and also over all property in respect of which, by the general law, we have lien. Property held under lien in these terms and conditions shall be deemed to be held as security for the Facility, up to an amount equivalent to the aggregate of the outstanding principal on your Facility and the Recovery Expenses.

13.2. You hereby also constitute us as your attorney for the purposes of completing and perfecting any transactions in relation to your M-PESA Account or any other of your property held by us in lien for purposes of discharging your Facility, including the Recovery Expenses and unpaid Fees (“Outstanding Amounts”).
13.3. A written notice of fourteen (14) days running from the date of issuance of the same to you shall be issued to advise you of our intention to realize sufficient amounts of your property held in possessory lien to settle any Outstanding Amounts. Any Repayment received after lapse of the notice will be accepted strictly on account and without prejudice to our rights.

13.4. You agree not to terminate or cancel registration of your Vodacom mobile phone number (MSISDN) when you have any Outstanding Amounts.

14.1. We shall from time to time, through Vodacom and at your Request, provide you with statement(s) or activity report(s) in respect of your M-PESA Account on your Equipment through the STK Menu, USSD or Vodacom App (“the Mini Statement”). You may also from time to time request Vodacom for statement(s) or activity reports in respect of your MPESA Account through the same channels.

14.2. The Mini Statement will provide details of your last four (4) transactions on the Service or such other number of transactions as we may determine.

14.3. The Mini Statement will not be sent to you in printed form but will be delivered to you either by SMS to the Vodacom mobile phone number (MSISDN) associated with your M-PESA

Account or such other electronic means as we may determine. You shall be responsible for the payment of any charges associated with delivery of the Mini Statement to you.

14.4. You may obtain your full statement or the Mini Statement in printed form from your nearest Vodacom Shop. You shall be responsible for payment of any charges payable for such printed statements.

14.5. The full statement and or Mini Statement will show all transactions carried out on your M-PESA Account during the period requested and or since the previous statement. You must check your statement carefully and inform us as soon as possible, of any errors or anomalies or transactions not made in accordance with your instructions.

14.6. You will be deemed to have accepted all entries in your Statement if you do not raise queries or objections on the entries therein within fifteen (15) calendar days from the statement date.

14.7. Save for a manifest error, the full statement and or Mini Statement issued to you aforesaid in respect of your M-PESA Account shall be conclusive evidence of the transactions carried out on your M-PESA Account for the period covered in the Mini Statement and or full statement.

14.8. We reserve the right to rectify discrepancies, add and or alter the entries in your full statements or Mini Statement, without prior notice to you. We will however inform you of any rectification, additions and or alterations effected on your statements within seven (7) days before the changes are effected.

14.9. You will be notified of all transactions on your MPESA Account by way of SMS.

15.1. If you lose your Equipment or you for any reason you believe that your PIN may have been accessed by an unauthorized person, you shall immediately notify the Vodacom Customer Care Centre for assistance.

15.2. Until and unless we receive your notice of loss or unauthorized access of the PIN as above we shall remain authorized to accept any Requests on your M-PESA Account using your PIN.

15.3. You shall give us and any person acting on our behalf all necessary assistance in any investigations, all information as to the circumstances of the loss or possible misuse of your Equipment or PIN in order to enable us to take all reasonable steps mitigate the loss incurred or likely to be incurred as a result of loss of the Equipment or misuse or unauthorized access to your PIN.

15.4. You consent to the disclosure by us to third parties of such information as is relevant concerning your MPESA Account in connection with such loss of your Equipment or possible misuse or unauthorized access of your PIN.

16.1. Complaints shall be made by calling or SMS 114 for prepaid,

for postpaid or 234 which is for M-PESA support. Alternatively, you can visit any Vodacom shop or access the Self-service using code 456.
16.2. We will take all reasonable measures within our means to resolve your complaints in accordance with the M-PESA Service User Terms and Conditions. We will handle all complaints in accordance with our complaints handling procedures, which are available on request from any Vodacom Shop or the Vodacom Customer Care Centre. Where a notification regarding your complaint or any other matter is expected from us but not received, you are entitled to follow up on the complaint within a reasonable time after non-receipt of such notification.

17.1. You are responsible for the payment of all applicable Fees for the use of the Service. The Fees payable under this Service will be published in information pamphlets, daily newspapers, cash merchant outlets and on the AIRVANTAGE and Vodacom websites. Vodacom's Customer Care team will be on hand to assist you with the Fee schedule if you are uncertain about the applicable Fee.

17.2. All Fees are deducted at source and are subject to change at any time at our sole discretion.

17.3. Fees payable under the facility will be deducted from your M-PESA Account. You shall pay to us and hereby accept that we entitled deduct from your M-PESA Account (without reference to you):

17.3.1. any Transaction Fees payable in respect of the Services;

17.3.2. any legal charges including advocate and client costs incurred by us in obtaining legal advice in connection with the Service and your dealings with us or incurred by us in any legal, arbitration or other proceedings arising out of any dealings in respect the Service and all other Fees, expenses and taxes, duties, impositions and expenses incurred in complying with your Requests.

17.4. Except as may otherwise be notified, fees are inclusive of all applicable taxes including Value Added Tax at the prevailing rate. You hereby agree to pay all Transaction Fees

17.5. You hereby agree to pay costs charges and expenses incurred by us in obtaining or attempting to obtain payment of any Facility owed under your M-PESA Account.

17.6. We shall, at the time when you make any Request on the Service notify you of the applicable Fees in order to afford you an opportunity to confirm your knowledge and acceptance of them.

17.7. We shall provide a detailed breakdown of the Fees incurred in the full statement and Mini statement. Please visit your nearest Vodacom Shop for a copy of the complete guide on our tariffs. The tariffs are also available on our websites at https://www.vodacom.co.ls and https://www.airvantage.co.ls.

17.8. Fees relating to your use of the M-PESA Service shall be strictly in accordance with the prevailing terms and conditions for M-PESA Service.

C2 General

TAXES All Repayments are inclusive any taxes payable by you. You hereby irrevocably grant us permission to revise the Fees upon any changes to taxes applicable.

19.1. You hereby expressly consent and authorize us to disclose received record or utilize your personal information or information or data relating to your MPESA Account with respect to the Facilities granted under the Service and any details of your use of the Services:

19.1.1. to and from our service providers, dealers, agents or any other company that may be or become the our affiliate or subsidiary or holding company for reasonable commercial purposes relating to the Services;

19.1.2. to a Credit Reference Bureau;

19.1.3. to independent debt-collection agencies;

19.1.4. to the our lawyers, auditors or other professional advisors or to any court or arbitration tribunal in connection with any legal or audit proceedings;

19.1.5. for reasonable commercial purposes connected to your use of the Services, such as marketing and research related activities; and

19.1.6. in business practices including but not limited to quality control, training and ensuring effective systems operation.

19.2. You authorize us to disclose any information relating to your M-PESA Account to any local, foreign or international law enforcement or governmental agencies so as to assist in the prevention, detection, investigation or prosecution of criminal activities or fraud or to any other institution or third party as required by the laws of any country and as we may deem necessary.

19.3. You authorize us to disclose, respond, advise exchange and communicate the details or information pertaining to your M-PESA Account and or your Facility to third parties involved in the administration of your M-PESA Account and Facilities, underwriting of insurance policies, updating of databases, or provision of user support.

19.4. You shall notify your nearest Vodacom Shop in writing of any changes to your Personal Information or update the same through the Equipment on your STK Menu, USSD or Vodacom App including but not restricted to your name and address. Until such notice is received, your Personal Information shall be deemed to be that which you provided in your application to register for the Service.

20.1. You shall at your own expense provide and maintain in safe and efficient operating order such Equipment necessary for the purpose of accessing the Services. You shall be responsible for ensuring the proper performance of your Equipment. We shall neither be responsible for any errors or failures caused by any malfunction of your Equipment, and nor shall we be responsible for any computer virus or related problems that may be associated with your access and use of the Services and

Equipment. You shall be responsible for charges due to any service provider providing you with connection to the Network and we shall not be responsible for losses or delays caused by any such service provider.

20.2. You shall follow all instructions, procedures and these terms and conditions and any other documents we may provide you concerning access and use of the Services and Equipment.

20.3. You agree and acknowledge that you shall be solely responsible for the safekeeping and proper use of your Equipment and for keeping your PIN secret and secure. You shall ensure that your PIN does not become known or come into possession of any unauthorized person. We shall not be liable for any disclosure of your PIN to any third party and you hereby agree to indemnify and hold us harmless from any loss and damage we may incur as a result of your intentional, negligent or reckless disclosure of the PIN.

20.4. You shall take all reasonable precautions to detect any unauthorized use of your Equipment, PIN and or the Services and immediately notify us and Vodacom to enable us to take steps to protect your M-PESA Account and M-PESA Account respectively.

20.5. You shall immediately inform us through the Customer Care Centre in the event that

20.5.1. You have reason to believe that your PIN is or may be known to any person not authorized to know the same and/or has been compromised; or

20.5.2. You have reason to believe that unauthorized use of the Service has or may have occurred or could occur and a transaction may have been fraudulently input or compromised.

20.6. You shall at all times follow the security procedures we notify you from time to time or such other procedures as may be applicable to the Services from time to time. You acknowledge that any failure on your part to follow the recommended security procedures may result in a breach of your responsibility to keep Personal Information confidential. In particular, you shall ensure that the Services are not used or Requests are not issued or the relevant functions are not performed by anyone other than a person authorized by you.

You acknowledge that the intellectual property rights in the Service (and any amendments, upgrades or enhancements thereto from time to time) and all associated documentation that we provide to you are vested either in Vodacom or AIRVANTAGE. You shall not infringe any such intellectual property rights. You shall not duplicate, reproduce or in any way tamper with any documentation or functionality on the Equipment, USSD, STK Menu or Vodacom App without AIRVANTAGE and Vodacom's prior written consent.

22.1. In consideration of the Bank complying with your instructions or Requests in relation the M-PESA Account, you undertake to indemnify us and hold us harmless against any loss, charge, damage, expense, fee or claim which the we may suffer or incur or sustain thereby and you absolve us from all liability for loss or damage which you may sustain from us acting on your instructions or requests or in accordance with these Terms and Conditions.

22.2. The indemnity in clause 21.1 shall also cover All demands, claims, actions, losses and damages of whatever nature which may be brought against any of us or which we may suffer or incur arising from its acting or not acting on any Request or arising from the malfunction or failure or unavailability of any hardware, software, or equipment, the loss or destruction of any data, power failures, corruption of storage media, natural phenomena, riots, acts of vandalism, sabotage, terrorism, any other event beyond the our control, interruption or distortion of communication links or arising from reliance on any person or any incorrect, illegible, incomplete or inaccurate information or data contained in any Request received by us.

22.3. The Indemnity in Clause 21.1 shall also cover any loss or damage that may arise from your use, misuse, abuse or possession of any third party software, including without limitation, any operating system, browser software or any other software packages or programs, any unauthorized access to your M-PESA Account or any breach of security or any destruction or accessing of your data or any destruction or theft of or damage to any of your Equipment, any loss or damage occasioned by the failure by you to adhere to these Terms and Conditions and/or by supplying of incorrect information or loss or damage occasioned by the failure or unavailability of third party facilities or systems or the inability of a third party to process a transaction or any loss which may be incurred by us as a consequence of any breach by these Terms and Conditions by you.

23.1. We may at any time, upon notice to you, terminate or vary our business relationship with you and suspend or discontinue your registration and or access to the Service:

23.1.1. if you use the Service or Facility for unauthorized purposes or where we detect any abuse/misuse, breach of content, fraud or attempted fraud relating to your use of the Services;

23.1.2. if your M-PESA Account or agreement with Vodacom is terminated for whatever reason;

23.1.3. if we are required or requested to comply with an order or instruction of or a recommendation from the government, court, regulator or other competent authority to that effect or necessitating it;

23.1.4. if we reasonably suspect or believe that you are in breach of these terms and conditions (including nonpayment of any amount due from you where applicable);

23.1.5. where such a suspension or variation is necessary as a consequence of technical problems or for reasons of your safety or public access fees;

23.1.6. to facilitate update or upgrade the contents or functionality of the Services from time to time;

23.1.7. where your M-PESA Account becomes inactive or dormant or is deemed abandoned in line with the Unclaimed Financial Assets Act; 23.1.8. if we decide to suspend or cease provision of the Services for commercial reasons or for any other reason as we may determine.

23.2. You may cancel registration for the Service at any time through your Equipment or at your nearest Vodacom Shop. You may however not cancel registration if you have an outstanding and unpaid Facility, Overdue Amount or unpaid Fees.

23.3. Termination shall not affect any accrued rights and liabilities of either party and, in particular, shall not affect your obligations to meet any liabilities incurred prior to such termination.

In the event of any breach of these terms and conditions, the we may in circumstances where you fail to comply or fail procure compliance with the terms of a notice consequently served on you, require immediate repayment in full of the Facility and/or forthwith terminate the contractual relationship with you without any consequential liability to you or any other person.

25.1. You may contact the Vodacom Customer Care Center to report any disputes, claims or discrepancies in your M-PESA Account.

25.2. Any dispute arising out of or in connection with this Agreement that is not resolved by Customer Care Centre representatives shall be referred to arbitration by a single arbitrator to be appointed by agreement between the parties or in default of such agreement within 60 days of the notification of a dispute, upon the application of either party, by the Chairman for the time being of the Chartered Institute of Arbitrators (Lesotho Branch). Such arbitration shall be conducted in the English language in Lesotho in accordance with the Rules of Arbitration of the said Institute and subject to and in accordance with the provisions of the Arbitration Act.

25.3. To the extent permissible by Law, the determination of the Arbitrator shall be final, conclusive and binding upon the parties hereto.

25.4. This Agreement shall be governed by and construed in accordance with the laws of Lesotho

On your death or bankruptcy, your obligations shall remain in full force and effect until such a time as they shall be duly satisfied.
NOTICES Without prejudice to any other clause in these terms and conditions, all notices concerning the Service may be sent via SMS to the Vodacom mobile phone number (MSISDN) associated with your M-PESA Account and shall be deemed received if we do not receive a delivery failure notice.

28.1. These terms and conditions (as may be amended from time to time) form a legally binding agreement binding on you and your personal representatives and successors.

28.2. This Agreement and any rights or liabilities accruing thereunder may not be assigned by you to any other person.

28.3. We may vary or amend these terms and conditions and bank tariffs at any time and without consultation to you provided that the Bank shall upon reasonable notice, inform you of any such variations or amendments in advance of their intended commencement date and such notice and particulars of the variations including the amended version of these terms and conditions shall be published on the AIRVANTAGE and Vodacom websites and may, additionally, be published in posters or pamphlets and availed at Vodacom's Agents outlets, AIRVANTAGE Agents and branches or in the daily newspapers or by any other means as we may determine.

28.4. No failure or delay by either yourself or on our part in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy.

28.5. The rights and remedies herein provided are cumulative and not exclusive of any rights or remedies provided by law.

28.6. If any provision of these terms and conditions shall be found by any duly appointed arbitrator, court or administrative body of competent jurisdiction to be invalid or unenforceable the invalidity or unenforceability of such provision shall not affect the other provisions herein.

28.7. Any variations or amendments to these terms and conditions shall be binding upon you as fully as if the same were contained in these terms and conditions.

28.8. Your contractual relationship with us is governed in all respects by the Laws of Lesotho and the parties submit to the exclusive jurisdiction of the Lesotho courts.

AIRVANTAGE and Vodacom are regulated by the Central Bank of Lesotho for purposes of the Service.