1. Legal Agreement

These terms and conditions constitute a legally binding agreement between you as the customer (the “Farmer”) and Akhtar Fuiou Technologies (AFT), the provider of the Digitt+ platform. By proceeding to use the Cane Procurement Receipt (CPR) payment facility, the Farmer agrees to be bound by these terms and acknowledges their enforceability under the laws of the Islamic Republic of Pakistan. 

2. Service Overview

AFT, through its Digitt+ application, offers an integrated digital solution enabling farmers to access early settlement of their invoice funds through an arrangement between bank and the Agri Business.  

3. Role and Scope of AFT

AFT acts exclusively as a facilitator and disbursement partner, providing digital services to streamline interactions between the involved parties. AFT is not a party to any lending agreements between the Farmer and the bank and assumes no liability for the lending process, terms, or obligations. Additionally, AFT facilitates CPR (Cane Purchase Receipt) verification between the mill and the bank as part of the disbursement process.

4. Process Flows

• Bi-lateral Agreements: Agreements are established between the bank and you as the Farmer. 

• CPR Creation: The AFT sales officer is present at the Agri Business gate to initiate the CPR request as a facilitator of the Bank, in order to open Digitt+ account if required. 

• Data Entry and Verification: AFT completes data entry and ensures account validation and Digitt+. The Agri Business verifies the CPR and uploads it to the system. 

• Bank Review and Disbursement: The bank verifies the request, independently completes KYC and checks, and decides on CPR payment. Funds are then disbursed via the Digitt+ wallet after the bank updates the CPR status to ‘Disbursed’. 

5. Fees and Charges

A non-negotiable service fee of 2% of the disbursed invoice amount is charged and automatically deducted at the time of fund disbursement into the Farmer’s Digitt+ wallet by AFT for its ongorund services. 

6. Payment and Wallet Management

All disbursed amounts are credited directly to the Farmer’s Digitt+ wallet, with the 2% service fee deducted upon receipt. The Farmer must ensure wallet details are accurate to avoid delays. 

7. Customer Acknowledgement and Liability

By agreeing to these terms, the Farmer acknowledges: 

• Direct Liability: Full liability for the lending arrangement lies with the Farmer and the bank. AFT is not responsible for the financial terms or compliance of the agreement. 

• Facilitation Role: AFT’s role is limited to providing digital services, including CPR review and fund disbursement facilitation. 

• Fee Deduction: Consent to the automatic deduction of the 2% service fee. 

8. Limitation of AFT’s Liability

• No Lending Involvement: AFT holds no responsibility for the lending terms or obligations. 

• Review Services: AFT’s liability extends only to the digital facilitation of CPR review and fund disbursement. 

• Indirect Damages: AFT is not liable for consequential or incidental damages. 

• Force Majeure: AFT is exempt from liability in cases of unforeseen circumstances beyond control. 

• Data Communication: AFT is not responsible for communication errors between stakeholders. 

9. Customer Information Transfer and Consent

The Customer hereby authorizes and consents to the transfer of their personal, transactional, and account-related information (hereinafter referred to as “Customer Information”) by AFT to the designated banking partner(s) and financial institutions as required for the purpose of facilitating payments and processing transactions. 

The Customer acknowledges that such information may include but is not limited to the following: name, contact details, payment history, transaction records, account status, and any other relevant data necessary for the Bank to assess, process, or authenticate the Customer’s financial activities and services. This transfer may also include data required for fraud prevention, dispute resolution, or the performance of financial obligations. 

The Customer understands and agrees that AFT, in its capacity as a payment facilitator or intermediary, may disclose such information to the Bank in a manner consistent with any privacy laws and data protection regulations applicable to the jurisdiction in which the services are provided. AFT is committed to safeguarding the Customer’s information and will take reasonable measures to ensure that it is transferred securely and only for the purposes outlined herein. 

By accepting these terms and conditions, the Customer grants explicit consent for the aforementioned data transfer to the Bank, understanding that this transfer is essential for the operation of AFT’s services and to ensure the smooth execution of financial transactions. The Customer further agrees that any communication, inquiries, or issues relating to the processing of their Customer Information by the Bank shall be addressed directly with the relevant financial institution, and AFT shall not be liable for any delays, disputes, or complications arising from the Bank’s handling of such information. 

This consent remains in effect for the duration of the Customer’s use of AFT’s services and may be revoked only in writing, subject to the terms and conditions applicable to the cancellation of services. 

10. Amendments to Terms

AFT may revise these terms at its discretion. Notifications will be sent via the Digitt+ platform or email, and continued use signifies acceptance. 

11. Governing Law and Jurisdiction

These terms are governed by the laws of the Islamic Republic of Pakistan, and disputes are subject to the jurisdiction of Lahore courts.

12. Communication and Support

For assistance, contact AFT through the Digitt+ application, email, or helpline.