Bulk Payment Services definition
Bulk Payment Services means multiple payment service provided by a UOB Group Bank, for which multiple payment Instructions are sent, given or transmitted in a single group from the Customer to the UOB Group Bank, created online in BIB or in a softcopy file uploaded through BIB.
Examples of Bulk Payment Services in a sentence
The Operation and Scope applicable to each of the M-PESA Services are as provided in Clause 4.4 (Business to Business Payment Services), Clause 4.5 (B2C Service and Bulk Payment Services), Clause 4.6 (Lipa na M-PESA Service), Clause 4.7 (Changa na M-PESA Services) and Clause 4.8 (SurePay Payment Service) and shall apply to such Services as provided in their respective Clauses.