Safeguarding Disclosure Notice

Worldpay Pte Ltd (“WPSG”) is licensed by the Monetary Authority of Singapore (“MAS”) as a major payment institution (“MPI”) pursuant to the Payment Services Act 2019 of Singapore (“PS Act”). It is authorised to conduct the regulated payment activities of: (a) Merchant Acquisition Services; (b) Domestic Money Transfer Services; and (c) Cross-Border Money Transfer Services, each as defined in the PS Act.

As an MPI, WPSG is required to safeguard relevant money (as defined in s23(14) of the PS Act) received from or on account of its customers (“Relevant Money”), in accordance with the PS Act.

WPSG safeguards Relevant Money on its customers’ behalf in designated customer money accounts and/or trust accounts held in its name (“Safeguarded Bank Accounts”). Such Safeguarded Bank Accounts are maintained with safeguarding institutions who are licensed Singapore banks (“Safeguarding Institutions”). For the avoidance of doubt, no interest will accrue (nor will be owed) to WPSG’s customers, in respect of safeguarded Relevant Money.

Please note that: