Terms of Service - Asan Qist

Buy Now, Pay Later (BNPL) Terms of Service

These Terms of Service govern the use of the Buy Now, Pay Later (BNPL) service provided by AsanQist.com, a digital platform owned and operated by Pak Mobiles (the “Service Provider”), a business duly registered with the Federal Board of Revenue (FBR) and operating under the applicable laws of Pakistan. The installment payment option offered by the Service Provider is not a loan or financing facility. It is a payment convenience offered solely on products sold by the Service Provider on interest free installments. This service is not intended to provide financial credit or lending to the public. By using this service, the Customer agrees to comply with and be bound by these Terms Of Service. For the scope of this agreement “Customer” refers to the party purchasing any product under this BNPL program, and “Payment Processing Partner” refers to the independent third party collecting and processing payments on behalf of the Service Provider. The words “We”, “Us”, “Our” also collectively refer to the Service Provider.

1. Eligibility Criteria

The Customer must be at least 18 years of age, possess a valid CNIC, be capable of entering into a binding agreement, maintain an active mobile number and a valid debit/credit card or bank account for payment processing.

2. BNPL Approval & Credit Limit

Credit limits are granted based on internal risk assessments and may be adjusted or revoked at any time prior to BNPL activation. Approval is based on proof of income, residence and/or any other documentation the Service Provider may require. We reserve the absolute right to reject, cancel or withdraw approval of any BNPL application at any stage and for any reason, without obligation to disclose such reason to the customer, until the customer has successfully paid the first installment as per the agreed payment schedule and we have successfully received the said payment into our designated bank account. Execution of these Terms of Service does not constitute BNPL approval; approval or activation shall occur only upon successful auto-debit and receipt of the first installment into the Service Provider’s bank account.

3. BNPL Model

Our BNPL offer allows customers to split the total product price into equal monthly installments. This installments plan is interest-free, and the full price is paid over a fixed number of months. The product remains the property of the Service Provider until all installments are fully paid. As a condition of this entrustment, the Service Provider shall retain physical possession of the product’s original box, warranty card, and certain accessories, as retention, until the final installment is cleared and that the customer expressly acknowledges and accepts this condition at the time of execution of these Terms of Service. The product shall be handed over to the customer only after the 1st installment through the auto-debit service has been successfully received from the payment processing partner into our bank account.

4. Repayment Terms

The Customer agrees to repay the Total Amount/Consideration in equal installments per the agreed schedule primarily through auto-debit mechanism processed via the Payment Processing Partner, subject to their applicable auto-debit processing charges imposed per installment amount.

– First Installment: Due at time of purchase and payable via auto-debit

– Remaining Installments: Automatically debited monthly on their respective due dates

5. Shipping Policy

All products are provided on a self-collection basis, and the customer is required to collect the order in person from our store. The Service Provider may, at its sole discretion, facilitate delivery or alternative arrangements, however, such shall not be considered an obligation of the Service Provider.

6. Auto-Debit Authorization

By choosing the BNPL option, the customer expressly authorizes the Service Provider and its payment processing partner (providing Auto-Debit Service), operating in compliance with PCI-DSS standards, to automatically debit the registered bank account or debit/credit card for each installment on the scheduled due date for the total tenure of the installment plan. Virtual, prepaid or wallet-issued cards are not accepted for BNPL installment plans unless expressly authorized by the Service Provider. The customer understands and agrees that:

– This mandate is standing and continuing for the full duration of the BNPL repayment plan and the customer shall ensure sufficient funds are available in their bank account for autodebit on each due date; the customer shall neither seek to obtain cancellation of the autodebit service from their bank nor close the bank account, to the extent permitted by law, without prior written clearance and a NOC from the Service Provider before clearing all dues.

– Failed debit attempts due to insufficient funds or account closure shall constitute a default and do not terminate the liability of the customer regarding the outstanding obligation. The customer acknowledges that failing to maintain sufficient funds in the account for the autodebit attempt constitutes a breach of contract and may result in legal action as permissible under applicable law. The customer further acknowledges that intentionally disabling autodebit or closing an account to avoid repayment may be treated as dishonest intent and may result in legal action as permissible under applicable laws.

7. Remittance of Customer Installments

The customer agrees that all BNPL installment payments, whether through auto-debit service or manual payments, shall be made directly to Pak Mobiles designated business bank account. All such payments constitute the primary method for satisfying the customer’s repayment obligations under these Terms of Service. The customer acknowledges that timely and full remittance of installments to the Service Provider is their sole responsibility. Alternative payment methods shall only be implemented if mutually agreed upon in writing between the Service Provider and the Customer.

Payments made to any person, employee, agent, or third party other than the Service Provider’s designated bank account shall not be deemed valid unless expressly acknowledged in writing by the Service Provider.

All installment payments under this BNPL Agreement shall be made in full without any setoff, deduction, withholding, or counterclaim of any nature whatsoever, whether arising from warranty issues, disputes, complaints, or any other cause.

8. Fraud, Misuse, and Termination

The customer represents that all information, documents and authorizations provided are true, accurate, complete and lawful. Any false representation, impersonation, forgery, concealment of material facts, unauthorized use or misuse of personal, employment or payment related information shall constitute fraud.

In the event of fraud or misuse, we reserve the right to immediately suspend or terminate services, declare outstanding payment obligations immediately due to the extent permitted under these Terms of Service, cancel transactions, and pursue recovery, legal action, and reporting to relevant authorities, without prejudice to any other rights or remedies available under law.

Termination or suspension of services shall not affect the Customer’s obligation to pay any amounts already due or payable under these Terms of Service.

9. Governing Law

These Terms of Service shall be governed by and construed in accordance with the laws of the Islamic Republic of Pakistan.

10. Amendments

The Service Provider reserves the right to amend these Terms of Service prospectively. Any such amendments shall apply only to future transactions and shall not affect any BNPL facility, obligation, authorization, or liability already incurred or executed by the Customer.

Continued use of the BNPL service after publication of amended Terms & Conditions shall constitute acceptance of such amendments.