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Authentication Agreement Statement
By using the digital payment gateway platforms provided by Awash Bank S.C, PSS, and Chapa, I hereby agree and acknowledge the following:
- Consent to OTP Usage: I consent to the use of One-Time Passwords (OTPs) sent to my registered mobile number or email address as a method to authenticate and authorize transactions, including but not limited to payments and other sensitive actions.
- Confidentiality of OTP: I understand that the OTP is confidential and should not be shared with anyone, including representatives of Awash Bank S.C, PSS, and Chapa.
- Transaction Decline on Incorrect OTP: I acknowledge that failing to provide the correct OTP within the specified time limit will result in the transaction being declined or canceled.
- Accuracy of Contact Information: I confirm that the mobile number and email address registered with Awash Bank S.C are accurate and up-to-date, and I will promptly update them in case of any changes.
- Security Enhancement: I understand that this OTP-based authentication is designed to enhance the security of my transactions and protect my account from unauthorized access.
- Responsibility for Unauthorized Transactions: I agree that Awash Bank S.C is not responsible for any unauthorized transactions if I share my OTP with third parties or fail to keep my registered contact details updated.
By proceeding to use the digital platforms, I confirm that I have read, understood, and agreed to the terms of this OTP Authentication Agreement Statement.