Terms Of Service

Pay with Ring is a Fintech Platform engaged in facilitating financial services to the small merchants to help grow their businesses. It is a payments and instant credit line mobile application that helps merchants accept online payments from their customers with the help of QR Codes. Pay with Ring is owned and operated by OnEMi Technology Solutions Pvt Ltd and works with multiple RBI registered NBFC's for providing loans to the merchants.


"LENDER" shall mean non-banking financial company (NBFC) or Banks with whom the Company has tied up for loan sanction, process and disbursal to the Customer(s) via its mobile application Pay with Ring ("App") and website https://paywithring.com/ ("Website") (App and Website are hereinafter together referred to as the "Platform").

Customer” means any person who contracts with you for purchase of goods and/or services and makes a payment or remittance thereunder.

Customer Payment Amount” means the amount paid by the Customer to you, using the Service, for purchase of any goods and/or services.

"Merchant Services" the services or products provided by you to your Customer/s, the remittance/payment for which is to be made through the Customer's valid accounts / Card/s or bank account, using Pay with Ring Services.

Transaction” shall mean an electronic financial transaction undertaken using the Pay with Ring Services.

"UPI" means the Unified Payment Interface, which is a payment system that powers multiple bank accounts into a single payment network of participating banks permitting merging several banking features, seamless fund routing & merchant payments into one hood.

By registering with Pay with Ring and by using Pay with Ring’s services (referred to collectively as "Services"), you understand and agree that Pay with Ring will treat your use of the Services as acceptance of these terms of service ("Terms") from that point onwards.

You acknowledge and agree that Pay with Ring owns all legal rights, titles and interests in and to the Services, including any intellectual property rights which subsist in the Services (whether those rights are registered or not, and wherever in the world those rights exist).

As a part of the loan application, the Financer may require to access your CIBIL/Credit score and you authorize the Financer to make any enquiries with any other finance company / bank / registered credit bureau regarding your credit history with them.

You understand that you do not have the right to use any of Pay with Ring’s trade names, trademarks, service marks, logos, domain names, and other distinctive brand features. You do not have the right to remove, obscure, or alter any proprietary rights notices (including trademark and copyright notices), which may be affixed to or contained within the Services. You will not copy or transmit any of the Services.

You further acknowledge that the Services may contain information which is designated confidential by Pay with Ring and that you shall not disclose such information without Pay with Ring’s prior written consent. You will not copy, create a derivative work from, modify, reverse engineer, reverse assemble or otherwise attempt to discover any source code, sell, assign, sublicense, grant a security interest in or otherwise transfer any right in the Services.

You agree not to use the App for any purpose that is unlawful, illegal or forbidden by these Terms, or any local laws that might apply to me. Pay with Ring may, at its sole discretion, at any time and without advance notice or liability, suspend, terminate or restrict my access to all or any component of the App or the availability of the App itself.

Pay with Ring may modify these Terms, at any time, by posting notice on the website at least ten (10) days before any modification becomes effective.


You hereby declare that you are over 18 years of age, of sound mind and a person resident in India as defined under Foreign Exchange Management Act, 1999.

You hereby declare that you are a human being and not a "bot".


Through the Platform, you may apply for the Loan, subject to the fulfilment of the eligibility criteria laid down in the Mobile App. You understand that the Platform has been appointed by LENDER to collect, authenticate, track your location, verify and confirm the User Data, documents and details as may be required by LENDER to sanction the Loan. LENDER authorizes the Company to collect and store the User Data through the mobile application form available on the Platform.

You hereby understand and acknowledge that the information requested is for the purposes of complying with various laws, regulations and guidelines (including Know Your Customer (KYC) norms / Anti-Money Laundering (AML) standards / Combating of Financing of Terrorism (CFT) / Obligation of banks under the Prevention of Money Laundering Act, 2002) promulgated by the Government of India from time to time by Pay with Ring or its associated partners. You further acknowledge that if you do not provide the requested information to Pay with Ring, Pay with Ring or its partners will be unable to provide or continue its / their services to me.

You confirm that all information given to Pay with Ring (whether in Pay with Ring’s online form or otherwise) is true, correct and not misleading. You agree to provide any additional documents to Ring as may be required from time to time.

You hereby understand that every time you wish to use Pay with Ring, you will be provided with an online loan agreement. Upon clicking 'I Accept' you will be bound by the terms of the loan agreement in relation to the credit facility for credit worthiness, verifying identity to prevent and detect crime and money laundering. You understand and agree that Pay with Ring may charge you an administrative fee for facilitating the loan / credit to be availed by you and you agree to pay the same.

You hereby understand that when you apply for a loan, Pay with Ring may check your records amongst other things with its own records, any information as available to Pay with Ring through any of its sources, those at credit reference agencies (CRAs); those at fraud prevention agencies (FPAs) for assessing your credit worthiness, verifying identity to prevent and detect crime and money laundering.

Pay with Ring also has the right, and obligation, to report your details to CRAs in the event that you have delayed in repaying your loan instalment.


By accepting these Terms and Conditions, you expressly authorise Pay with Ring to hold, receive, disburse and settle funds on your behalf. Such authorisation shall permit Pay with Ring to receive Customer Payment Amounts pursuant to a Transaction into a Pay with Ring’s account (Delivery Versus Payment) to further process each Transaction. Pay with Ring shall process and transfer such payments received by it to the bank account designated by you for this purpose at the time of registration and/or any such account as instructed by you (“Merchant Account”). The authorization provided herein under shall remain in full force and effect until specifically terminated.

By accepting these Terms and Conditions, you also expressly authorise Pay with Ring to hold, receive and settle funds on your behalf to such other value added services as may be opted & instructed by you on the permitted use of the application.

Pay with Ring shall initiate transfer of the relevant Customer Payment Amount received by it to the respective Merchant Account within T (such) banking days as per annexure A (‘T’ being the date of a successful Transaction and banking days being days on which private banks are open for business in New Delhi) from the date of receipt of the relevant Customer Payment Amount, after deduction of Pay with Ring Fees and charges as agreed under these Terms and Conditions. For clarity, you acknowledge that Pay with Ring shall be liable to settle Customer Payment Amounts only upon actual receipt thereof.


You hereby acknowledge, understand and consent to the terms contained in Pay with Ring’s "Privacy Policy", provided at https://paywithring.com/privacy-policy/ which you have duly read and fully understood. You acknowledge, agree and give consent to Pay with Ring that Pay with Ring and its officers, employees, service providers and agents may use, store, process, disclose, transfer (whether within or outside India) and / or exchange your information (including personal data) in accordance with Pay with Ring’s "Privacy Policy".

You hereby authorise and permit Pay with Ring to disclose, from time to time, any information on or relating to me to any of its subsidiaries or affiliates or to any governmental authority, statutory authority, judicial authority or credit bureaus, associated partners, lenders, whether in India or any other jurisdiction, or Reserve Bank of India or third party or Pay with Ring’s consultants, advisors or service providers as provided in Pay with Ring’s "Privacy Policy", without requirement for any further consent from you.

You are responsible for maintaining the secrecy of your passwords, login and account information. You will be responsible for all use of the website by me and anyone using my password and login information (with or without my permission). You will only use the website to search for and to apply for loans and will not use the website to make any fraudulent applications.

By registering with Pay with Ring, you consent to the use of your information as outlined in Pay with Ring’s privacy policy as available on its website.


All content and services provided on the App are provided on an "as is" and "as available" basis. Pay with Ring expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, title, non-infringement, and security and accuracy, as well as all warranties arising by usage of trade, course of dealing, or course of performance. Pay with Ring makes no warranty, and expressly disclaims any obligation, that: (a) the content will be up-to-date, complete, comprehensive, accurate or applicable to my circumstances; (b) the website will meet my requirements or will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the website or any services offered through the site will be accurate or reliable; or (d) the quality of any products, services, information, or other material obtained by me through the site will meet my expectations.

Pay with Ring (including its officers, directors, employees, representatives, affiliates, and providers) will not be responsible or liable for (a) any injury, death, loss, claim, act of god, accident, delay, or any direct, special, exemplary, punitive, indirect, incidental or consequential damages of any kind (including without limitation lost profits or lost savings), whether based in contract, tort, strict liability or otherwise, that arise out of or is in any way connected with (i) any failure or delay (including without limitation the use of or inability to use any component of the website), or (ii) any use of the website or content, or (iii) the performance or non-performance by Pay with Ring or any provider or (b) any damages to or viruses that may infect my computer equipment or other property as the result of my access to the website or my downloading of any content from the website.

Unless otherwise required by applicable law, all Transactions processed through Pay with Ring Services are non-refundable. Pay with Ring is not a party to and shall not be responsible for any disputes, chargebacks or reversals amongst you and a Customer. Notwithstanding anything contrary contained in these Terms and Conditions, Pay with Ring shall not be liable to you or any Customer for any special, indirect, incidental or consequential damages arising in connection with these Terms and Conditions or otherwise.


Except as expressly provided herein, Pay with Ring disclaims all warranties, responsibilities, express or implied, written or oral, including but not limited towards warranties of merchantability, any service interruptions (including on account of communication outages, system failures or other interruptions that may affect the receipt, processing, acceptance, completion or settlement of Transactions) and fitness of Pay with Ring Services and it does not warrant that the functions contained in Pay with Ring Services shall be uninterrupted or error free.

Use of Pay with Ring Services in no way represents any endorsement of you by Pay with Ring. Pay with Ring is not obligated to mediate disputes between Customers and Merchants or between a Customer and you or any payment system participants.


Pay with Ring and its partners reserve the right and shall be entitled to suspend the services immediately, including withholding, rejecting the settlements that is or may be suspicious, susceptible or fraudulent or for risk management purposes, pending inquiry and/or resolution of such issue, including any breach of these Terms and Conditions.

Termination of these Services shall not release any Party from the obligation to make payment of all amounts then due and/or payable; upon Termination both Parties shall settle all outstanding dues payable to the other Party.


Accepting these T&C, implies your express consent to be contacted by us, representatives, affiliates, or anyone calling on our behalf at any contact number, or physical or electronic address provided by you while registe Pay with Ring your account with Pay with Ring. You further agree to us contacting you in any manner, including without limitation, emails, SMS messages, WhatsApp, calls using pre recorded messages or artificial voice, and notifications sent via our mobile application.


You will not assign or otherwise transfer your rights or obligations under these Terms. Pay with Ring may assign its rights and duties under these Terms without any such assignment being considered a change to the Terms and without any notice to me.


The laws of India, without regard to its conflict of laws rules, will govern these Terms. In case of any legal action courts located in Mumbai, India will have jurisdiction over such matters. In any such action or any action we may initiate, the prevailing party will be entitled to recover all legal expenses incurred in connection with the legal action, including but not limited to costs, both taxable and non-taxable, and reasonable attorney fees.