Falcon Commercials - Plantix
Commercials: Co-branded Prepaid Card Program
S No. Line Item
1 Partner Account Setup
Physical and Digital Card Issuance
Platform;
A Payment Processing;
BIN & Relationship Management with
Partner Bank
2 Monthly Platform Subscription
A Monthly Minimum Billing
3 User Fees
A User KYC
B NEFT/IMPS/UPI
C Card Procurement
4 Transaction Fees
A ATM Withdrawal
ATM Inquiry (Balance
B For user to check Balance and Transaction history at physical ATM
and Transaction History)
Chargeback / Dispute
C Charged by network
Processing / Investigations Fee
D ACS/3D Secure Fee
E SMS Charges
5 Revenue Share
A Interchange Revenue Share
Important Terms & Conditions
One-time fees to be paid upfront: 50% upon signing of agreement (PO), 50% upon Go live
For any additional feature or platform development (change requests), Falcon will charge a rate of INR 15,000 per man per man day for 8 hours shift. This is subject to an increase as per changes in the market rate.
All fees shall be charged subject to applicable taxes including Goods and Services Tax.
Contract term considered is 3 years.
Arrears in payments overdue for more than 3 months will incur 10% penalty per month till paid.
API integration involves standard set of APIs covering card / wallet and transaction lifecycle; Card management system involves standard set of features covering enterprise admin & user transaction lifecycle.
All other additional services requested by Partner not listed above will be chargeable based on mutual agreement and signed addendums.
Scope & Description Applicable Amount (INR) Payment Terms / Frequency Plantix Comment
Falcon Card issuance and management platform
Card processing platform (including card host, processing) - One-time for program set up and go We are ok with the amount and will pay the same
on 50-50 basis. Will pay 50% amount after the
Card account generation, hosting, Rupay / Visa / Mastercard live efforts and API-based integrations agreement and pay rest once we start the
connectivity and life cycle management with bank INR 5,00,000 200,000 with partner systems partnership.
Mandatory
Back office support including recon, chargeback processing, etc. - Partner shall pay one-time fee at the
Multiwallet product set up, API-based integration for 3D secure time of signing of this agreement
password authentication - Work shall commence after fee is paid.
KYC platform and verification services
- To be invoiced monthly - We are not okay with the fixed amount. Let’s
0 to 3rd month (Cooling off period): NIL keep this as a certain percentage of volume.
Monthly minimum fees, mutually agreed upon with the Partner, to - To be adjusted in Falcon’s
Mandatory 4th to 12th month: INR 25,000 PM
be paid based on volume commitments interchange revenue share if client
13th month onwards: INR 50,000 PM
meets monthly volume commitments
Minimum KYC – NIL - There should be no fee for KYC (OTP-
eKYC (OTP-based Aadhaar KYC) - INR 5 Based). As we are not comfortable for the
same.
(inclusive of taxes)
Per user, one-time. - We are ok with biometric KYC.
Multiple KYC options are available based on the client’s preference. Mandatory cKYC – INR 4
*CKYC cost may vary
Biometric KYC - Device Cost INR 2500
(One time) + INR 250 (Yearly)
At actuals There should be no fee.
Connectivity to bank’s pipelines for money transfers Optional Per transaction fee
INR 5
Standard Per Card cost for GPR EMV card No fee should be applicable
is as follows: - Cards to be procured by Falcon on
10K: INR 50 behalf of the client.
10K – 25K: INR 48 - Minimum order quantity for co-branded
Physical Co-branded Cards: EMV (GPR); Magstripe (Gift
25K – 50K: INR 46 cards is 10,000.
Card); NCMC; procured with welcome letter, envelope, and Optional
>50K – 1 lac: INR 44 - Courier cost shall be borne by the client
bank T&C Virtual Cards: delivered to front end app / portal
1 lac+: TBD for delivering cards to end users.
through APIs
- Card kit cost will be extra based on
Note: Card cost may differ based on the extent of the customization
quantity and quality chosed by the client.
Charged at actuals by the banking partner Optional INR 22 - Per transaction success or fail No charges on ATM withdrawal
No charges for enquiry
Optional INR 5
- Processing of a dispute by a cardholder It should be as minimal as INR 5 to 10.
Mandatory INR 35
with network
Charged for ecomm transactions 3D secure gateway Mandatory INR 0.25 - Including OTP SMS cost Ok with this
- Per SMS, if partner decides to procure via No charges for SMS
If required by partner for end customer communication Optional INR 0.14
Falcon’s existing integrated vendors
We are ok with these commercials
- Based on single tier prevailing on the
aggregated volume for the relevant month,
excluding ATM withdrawals.
< 25 Cr. 60% - Income sharing to be reviewed every
Interchange income on all spends shall be shared with the partner
Mandatory 25 to 50 Cr. 65% quarter and is subject to change depending
based on monthly volumes.
>50 Cr. 70% on aggregated volume
- A flat fee of 25 bps shall be charged on
emerging merchant category (fuel,
utility, education, hospitals, etc.)
These commercials are subject to standard rate cards of third parties, such as bank, network, etc., and may change.
All terms will be subject to the terms and conditions finally executed by the Partner and Falcon.

Above information is not an invoice and only an estimate of services/goods described above.
Payment will be collected in prior to provision of services/goods described in this quote.

Thank you for your interest in Falcon! We look forward to growing a strong partnership with
you.

Galaxy Building, Behind 32nd Milestone Off NH 8, Sector 15 4th Floor, Gurugram, Haryana 122001
1800-120-5483 | contact@falconfs.com