Legal Governance
Terms of Service
By accessing Mayicore, Mayiweb, Mayiussd, or the Mayicard Mobile App, you agree to the following terms governing the use of our double-entry ledger, loan amortisation engine, and institutional financial infrastructure.
1. Acceptance of Terms
By registering a Mayicard account via USSD (*217*120#) or the Mobile App, or by acting as an Entity Manager for a SACCO/MFI using Mayiweb, you legally bind yourself to these operational terms.
2. Institutional Responsibilities
If you are an institution (SACCO or MFI) deploying Mayicard as a B2B SaaS, you are solely responsible for verifying the KYC (Know Your Customer) data of your members and ensuring that any loans disbursed comply with Ugandan Tier 4 microfinance lending laws.
3. Ledger Immutability
Mayicore operates a strict double-entry ledger. Once a transaction (deposit, withdrawal, loan disbursement) is cryptographically committed and verified, it cannot be deleted. Corrections must be handled via formal reversing entries by authorized Entity Admins.
4. USSD Protocol Reliance
Mayiussd guarantees zero-data network access. However, session timeouts due to GSM network carrier congestion are outside the control of Four One Financial Services. Users are advised to re-dial if a session expires.