https://api.laraware.com (Licensed Technology Partners Only)

LARAWARE PRIVATE LIMITED
Effective Date: July 8, 2025

1. ACCEPTANCE OF TERMS

By accessing or using LARAWARE's software platform and APIs (https://api.laraware.com), you agree to be bound by these Terms and Conditions. If you do not agree to these terms, please do not use our services.

2. ABOUT LARAWARE

Company Details:

Name: LARAWARE PRIVATE LIMITED
Address: B-2/64, Vibhutikhand, Gomtinagar, Lucknow, Uttar Pradesh, India, 226010
Contact: legalteam@laraware.com | 0731-4621515

LARAWARE is a software development company. We license technology — application software, APIs, and supporting infrastructure — that partners use to run their own licensed financial-services businesses. We do not process transactions, settle or hold customer funds, and we are not a bank, payment aggregator, or payment system operator. Regulated activity, fund custody, and settlement remain the responsibility of the licensed entity operating the platform and its sponsor bank or authorised partner institutions.

3. SOFTWARE MODULES AVAILABLE FOR LICENSING

3.1 Core Modules

Domestic Money Transfer (DMT) module — supports IMPS, NEFT, RTGS rails via your integrated banking partners
Aadhaar Enabled Payment System (AEPS) module
Bharat Bill Payment System (BBPS) module
Prepaid recharge module
UPI collection and payout module — orchestration layer over your bank/PA integrations
NBFC, Nidhi, and lending software — onboarding, ledgers, EMI engines, and collections
Micro-ATM software module

Each module is technology only. Access to underlying payment rails, settlement accounts, and regulatory licenses must be arranged separately by the partner with their own bank, NBFC, PA/PG, or other regulated institution.

3.2 Platform Availability

LARAWARE targets high platform availability and applies engineering effort to minimize downtime, but does not guarantee a specific uptime percentage. Any availability commitment for a given engagement is set out separately in that engagement's written agreement.

4. ELIGIBILITY & ONBOARDING

4.1 Partner Requirements

Valid business registration in India
Compliance with all applicable laws
Required licenses and approvals for any regulated activity the partner conducts using the software
KYC/AML compliance appropriate to the partner's own regulatory obligations
Onboarding fees and any refundable deposits are set out in the commercial agreement signed with each partner

4.2 Prohibited Use of the Software

Partners cannot use LARAWARE software to facilitate:

Money laundering or terrorist financing
Adult content and services
Illegal gambling operations
Cryptocurrency exchange or trading services
Any business prohibited by RBI/NPCI guidelines

5. COMPLIANCE & REGULATORY

5.1 Legal Compliance

Partners operating on LARAWARE software must independently comply with:

Prevention of Money Laundering Act, 2002
Information Technology Act, 2000
Payment and Settlement Systems Act
RBI master directions applicable to the partner's licensed activity
NPCI operating guidelines
GST and Income Tax regulations

5.2 AML/CFT Requirements (Partner Responsibility)

Written AML policy implementation
Customer due diligence procedures
Suspicious Transaction Reporting (STR) to the appropriate authority
Record keeping as required by applicable law
Staff training programs

6. DATA PROTECTION & PRIVACY

6.1 Data Security

ISO 27001-aligned practices across our engineering processes
AES-256 encryption for data at rest
TLS 1.2+ for data in transit
No storage of Aadhaar or biometric data beyond what is required for the integration and permitted by law

6.2 Privacy Obligations

Privacy-by-design implementation
Customer consent management support built into the software
Data minimization practices
Security incident notification procedures set out in the commercial agreement
Cross-border data transfer restrictions honoured per applicable law

7. SOFTWARE-LEVEL RISK & FRAUD CONTROLS

LARAWARE's software includes configurable risk and fraud-detection tooling that partners can use as part of their own compliance program:

Transaction screening tools: configurable rules to flag unusual patterns for the partner's review team
Velocity and limit checks: automated checks against partner-configured thresholds
Anomaly detection: pattern-based flags surfaced to the partner's risk team for manual review
Audit logging: an immutable log of software-level events available to the partner
KYC-state validation hooks: integration points for the partner's own KYC/AML provider

These are software features that support the partner's compliance program — the partner's own risk and compliance team remains responsible for investigating flags, freezing accounts, and reporting to regulators, since LARAWARE does not hold or move partner or customer funds.

7.1 Prohibited Activities on Licensed Software

Partners must not use LARAWARE software to facilitate:

Gambling & betting — online/offline gambling, sports betting, fantasy sports
Narcotics trade — drug trafficking, illegal pharmaceutical sales
Money laundering — structuring, layering, or integration of illicit funds
Terrorist financing
Fraud & scams — Ponzi schemes, pyramid schemes, phishing scams
Adult content — pornography, escort services, adult entertainment
Weapons trading — arms, ammunition, explosives
Counterfeit goods — fake products, pirated software, trademark violations
Unauthorized financial services — unlicensed lending, chit funds, hawala

Confirmed misuse of the software for any of the above is grounds for immediate suspension of the partner's software license, in addition to any other legal remedy available to LARAWARE.

8. TECHNICAL REQUIREMENTS

8.1 API Specifications

OAuth 2.0 with JWT tokens
TLS 1.2+ encryption mandatory
Rate limits set per the partner's commercial agreement
JSON format with UTF-8 encoding

8.2 Integration Requirements

Minimum server: 4 cores, 8GB RAM, 100GB SSD (or equivalent cloud sizing)
WAF implementation required
SSL certificate (EV preferred)
Regular security patches

9. INTELLECTUAL PROPERTY

9.1 LARAWARE IP

Platform, APIs, and documentation licensed (not sold) for the partner's use, unless the engagement is a custom build with source-code transfer under a separate agreement
Trademarks and logos remain LARAWARE's property
Limited license granted for authorized use only

9.2 Restrictions

No reverse engineering
No derivative works creation outside the scope of the license
No proprietary notice removal
No unauthorized mark usage

10. LIABILITY & INDEMNIFICATION

10.1 Partner Indemnity

Partners indemnify LARAWARE for:

Breach of this agreement or applicable laws
Their own agents' acts or omissions
Customer claims and fraud arising from the partner's own operations
Regulatory actions arising from the partner's licensed activity

10.2 Limitation of Liability

LARAWARE's liability is limited to fees paid for the software under the commercial agreement in the preceding 12 months
No liability for indirect or consequential damages
Exclusions don't apply to willful misconduct or gross negligence

11. TERMINATION

11.1 Term

Term length, renewal, and notice periods are set out in each partner's commercial agreement.

11.2 Immediate Termination Grounds

Fraud or financial crime involving use of the software
Regulatory violations
License cancellation by the partner's own regulator
Material breach of these terms

11.3 Post-Termination

Confidentiality obligations continue
Data deletion within a reasonable period per the commercial agreement

12. DISPUTE RESOLUTION

12.1 Escalation Process

Business managers, then senior management, then leadership — escalation timelines are set in each commercial agreement

12.2 Arbitration

Sole arbitrator under the Arbitration and Conciliation Act, 1996
Seat: Lucknow, Uttar Pradesh
Language: English
Governing law: Indian law

13. GENERAL PROVISIONS

13.1 Force Majeure

Neither party is liable for events beyond reasonable control, including pandemics, government actions, natural disasters, and regulatory directions affecting the partner's licensed activity.

13.2 Confidentiality

Post-termination confidentiality obligations as set out in the commercial agreement
Non-disclosure of technical and business information
Limited access on a need-to-know basis, with an exception for regulatory compliance requirements

13.3 Amendments

Written amendments only
Reasonable notice for commercial term changes, except where emergency regulatory changes require faster action
Right to terminate if disagreeing with material changes

13.4 Governing Law

These terms are governed by Indian law with exclusive jurisdiction of Lucknow courts for interim relief.

14. CONTACT INFORMATION

For Support:

Email: support@laraware.com
Phone: 0731-4621515

For Legal Queries:

Email: legalteam@laraware.com
Phone: 0731-4621515

Address:

LARAWARE PRIVATE LIMITED
B-2/64, Vibhutikhand, Gomtinagar
Lucknow, Uttar Pradesh, India, 226010

IMPORTANT DISCLAIMER

LARAWARE is a technology provider, not a financial institution. We build and license software; we do not process transactions, settle funds, or hold customer money. Any regulated financial activity conducted using LARAWARE software is the sole responsibility of the licensed partner and its sponsor bank or regulated financial institution. Partners are solely responsible for holding the correct licenses, complying with RBI/NPCI/regulatory requirements, and managing their own customer funds, settlements, and fraud investigations.

By using our software, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions.

Last Updated: August 2026
Version: 2.0