Services agreement for payment acceptance

This Agreement defines the terms on which StandartBusinessConsult LLC (hereinafter the “Company”, brand “SBK Pay”) provides payment acceptance services to companies whose customers are buyers from Russia (hereinafter the “Merchant”).

1. General provisions

1.1. The Company operates on the basis of licenses issued by the Financial Market Regulation and Supervision Service of the Kyrgyz Republic:

• Series ВА, reg. No. 213 of 07.11.2025;
• Series ДУ, reg. No. 05 of 24.03.2022;
• Series БД, reg. No. 03 of 24.03.2022;
• Series ДД, reg. No. 04 of 24.03.2022.

1.2. Company details: StandartBusinessConsult LLC, TIN 02111201910281, address: Kyrgyz Republic, Bishkek, Ibraimova St. 103. The Company has operated in the financial market since 2022.

1.3. The Agreement is concluded with a company registered in Thailand, Indonesia, Vietnam or another country of the region that holds a settlement account in a local bank and has passed verification under section 4.

1.4. The Agreement consists of these terms, the Merchant rules, the Privacy policy and the Appendix with the Merchant’s individual terms. The Agreement is concluded on the date the Appendix is signed by both Parties. By signing the Appendix, the Merchant confirms that it has read the terms of the Agreement, the Rules and the Policy and accepts them in full.

2. Terms and definitions

• Service: the Company’s services of accepting payments through SBP and crediting the Merchant with the equivalent of the amounts accepted in local currency.
• SBP: the Faster Payments System, through which the Buyer pays for a purchase in the app of their own bank.
• Buyer: a person who pays for the Merchant’s goods or services through the Service from an account in a Russian bank.
• Terminal: the SBP terminal linked to the Merchant, its point of sale and its settlement account.
• Point of sale: the place where the Merchant does business (a shop, a till, a hotel, a website) specified in the Appendix.
• Local currency: the currency of the Merchant’s country, in which the credit to its account is made.
• Dashboard: the Merchant’s personal account in the Service.
• Purchase confirmation: the document of a purchase (a receipt, a booking confirmation or proof that the service was provided) that the Merchant provides for every transaction.
• Rules: the Merchant rules published on the Company’s website.
• Appendix: the part of the Agreement with the Merchant’s individual terms: points of sale, permitted categories of goods and services, transaction limits, refund procedure, the Company’s fee and the details of the Parties.

3. Subject of the agreement

3.1. The Company provides the Merchant with its own Terminal and ensures the acceptance of Buyers’ payments through SBP: by QR code at the till, by payment link or through the API.

3.2. The Buyer pays for the purchase in rubles in the app of their own bank. The Merchant receives the amount in Local currency in its account in a local bank about two seconds after the payment is confirmed. No fee is charged to the Buyer.

3.3. The Buyer pays for a specific purchase from a specific Merchant, and it is this Merchant that receives the money. The Buyer’s receipt names the Merchant. The Company does not sell goods or services and does not hold Buyers’ funds.

3.4. The ruble leg of the settlement passes through a partner bank within SBP. The payout in Local currency is made from the Company’s account in the Merchant’s country.

4. Onboarding and verification

4.1. Before onboarding, a representative of the Company in the Merchant’s country visits the place where the Merchant does business: confirms that the business exists and matches what was declared, and checks the documents and the owners.

4.2. The Company is entitled to refuse onboarding or to suspend service if verification is not passed, if inaccurate information is provided, or if there are indications of suspicious transactions.

4.3. At least once a month the Company reviews the average ticket, activity, refund rate and fit of the transactions with the profile of the Merchant’s business. In the event of deviations, the Terminal is suspended until the matter is clarified, and the Merchant is told the reason right away.

4.4. The Terminal is linked to the Merchant’s company, point of sale and settlement account. Accepting a payment on behalf of another person or paying out to another account is technically impossible. Use of the Terminal by third parties is prohibited.

5. Settlement procedure

5.1. The purchase amount is shown to the Buyer in Local currency and in rubles at the rate at the moment of payment. The rate is fixed at the moment of payment. The amount in Local currency does not change after payment; the Company bears the exchange-rate risk.

5.2. The credit to the Merchant’s account is made automatically, around the clock and without days off.

5.3. The Company’s fee and the procedure for withholding it are specified in the Appendix.

5.4. For every transaction the Dashboard shows the amount in rubles, the rate, the amount credited in Local currency and the attached Purchase confirmation. A statement for any period is available in the Dashboard.

6. Confirmations and refunds

6.1. For every transaction the payer’s details, the order number and the Purchase confirmation are stored. The Merchant provides the Purchase confirmation in the manner established by the Rules.

6.2. Refunds are made through the Dashboard in the manner specified in the Appendix.

6.3. The Company handles requests from banks concerning the Merchant’s transactions on its own, on the basis of the stored Purchase confirmations.

7. Rights and obligations of the parties

7.1. The Company shall provide the Service in good faith, keep the Terminal and the Dashboard operating, provide access to the REST API, webhooks and the test environment, keep the Merchant’s data confidential and disclose material information about the terms of the Service.

7.2. The Merchant shall use the Terminal only for payment for its own goods and services at its own points of sale, within the permitted categories and limits specified in the Appendix; provide a Purchase confirmation for every transaction; inform the Company in a timely manner of any change of owners, points of sale, settlement account and type of business; and comply with the Rules.

7.3. The Merchant is responsible for the accuracy of the information it provides and for the actions of its employees when using the Terminal and the Dashboard.

8. Liability

8.1. The Parties are liable for non-performance of their obligations under the Agreement in accordance with the legislation of the Kyrgyz Republic. The Company is not liable for losses caused by the actions of third parties, banks or the payment infrastructure, or by the Merchant’s breach of the terms of the Agreement and the Rules.

8.2. The Company is entitled to suspend the Terminal or terminate the Agreement in the event of a breach of the Rules, failure to provide a Purchase confirmation, refusal to provide information, or reasonable grounds to suspect that transactions are unlawful.

8.3. The Parties are released from liability for non-performance of their obligations caused by force majeure.

9. Term and amendment of the agreement

9.1. The Agreement is concluded for an indefinite term. Either Party is entitled to terminate it by notifying the other Party in the manner specified in the Appendix. Obligations concerning transactions made before termination remain in force.

9.2. The Company is entitled to amend these terms and the Rules. The current version is published on the Company’s website and applies to transactions made after its publication. The terms fixed in the Appendix are changed only by agreement of the Parties and are not changed retroactively.

10. Final provisions

10.1. The Agreement is governed by the legislation of the Kyrgyz Republic. Disputes are resolved through negotiation and, failing agreement, in the manner established by the legislation of the Kyrgyz Republic.

10.2. The Agreement is drawn up in Russian. Translations are published for convenience; in the event of a discrepancy, the Russian version prevails.

10.3. Notices are sent by email to the addresses specified in the Appendix. The Company’s address: info@sbk.kg.

This version takes effect on 22 September 2026.