Regulatory information and description of the services provided

1. Status and purpose of this document

1.1 This document is explanatory in nature and describes the legal character of the services provided by the Company through the RollyPay platform (the «Platform») to the extent necessary for the User to form an accurate understanding of the relationship.

1.2 This document does not constitute a public offer, creates no independent obligations of the Company and may not be construed as amending or supplementing terms agreed between the parties by other means. The rights and obligations of the parties are governed by the RollyPay Business Platform Terms and any other applicable agreements.

1.3 In the event of any conflict between this document and the terms of an agreement concluded between the parties, the terms of that agreement prevail, save where applicable law provides otherwise.

2. Operator of the Platform

2.1 The Platform is operated by OMNEXIS TECH LTD, a private limited company incorporated and existing under the laws of England and Wales, registered under number 17121794.

2.2 The Company acts in its own name and on its own account solely within the subject matter of the services defined in section 3 and does not act as a representative or agent of any financial infrastructure participant, unless expressly agreed otherwise in writing.

3. Subject matter and scope of the services

3.1 The Company grants the User the right to use software, application programming interfaces (API), technical routing and data exchange facilities, interfaces for composing and transmitting technical requests, displaying the status of Operations and settlement information, analytical tools and the related technological infrastructure.

3.2 The services are provided within the functionality of the Platform as it exists at the time of provision. The Company assumes no obligation to preserve an unchanged set of features unless such an obligation is agreed in writing.

3.3 The Company's remuneration (the Platform Fee) is payable for granting the right to use the Platform and for the related technical services, and does not constitute a fee for money remittance, acquiring or any other regulated financial service.

4. Limits of the services provided

4.1 The Company does not receive, hold or safeguard funds belonging to payers or Users of the Platform, and does not open, maintain or service bank, payment or other accounts.

4.2 The Company does not provide, in its own name, money remittance, acquiring, electronic money issuance or redemption services, nor any banking, investment or other services classified as regulated activity under applicable law.

4.3 No provision of this document, and no functionality of the Platform, may be construed as the Company assuming obligations characteristic of a credit or other financial institution, or as giving rise to a monetary obligation of the Company towards the User.

5. Operations carried out by financial infrastructure participants

5.1 Financial operations to which access may be facilitated through the Platform's integrations are carried out by independent third parties, including banks, credit and financial institutions, payment providers, operators of the relevant financial infrastructure and other persons holding the legal status required to carry out such operations in the applicable jurisdiction.

5.2 The relationships arising in connection with such operations, including the conditions on which they are carried out, execution timeframes and the rates applied, are governed by the documents of the relevant financial infrastructure participant and fall outside the subject matter of the Company's services.

5.3 The Company is not responsible for the acts or omissions of financial infrastructure participants, save where such responsibility is expressly imposed on the Company by applicable law or assumed by it in writing.

6. Technical composition and routing of requests

6.1 The Company may provide for the technical composition, transmission and routing of requests relating to Operations, the receipt and display of their statuses, and the provision of consolidated settlement information to the User.

6.2 The performance of those actions does not in itself mean that the Company takes possession of funds, acquires the right to dispose of them, or itself executes the relevant Operation.

6.3 The routing of a particular request is determined automatically on the basis of technical parameters and infrastructure availability, and gives the User no right to require that a request be processed by a particular financial infrastructure participant.

7. Legal nature of the figures displayed in the interface

7.1 Monetary and other value figures displayed in the Platform interface, including those labelled «Balance» and «Withdrawal», constitute settlement information generated from data available to the Platform through the integrated infrastructure.

7.2 Such figures do not constitute a bank account, a payment account, a deposit, electronic money or any other monetary obligation of the Company towards the User, unless expressly provided otherwise by a separate written agreement.

7.3 Interface terminology is used for ease of comprehension and does not alter the substance of the relationship as defined by this document and the applicable agreement between the parties.

8. Availability of functionality

8.1 The availability of particular payment methods, settlement arrangements and other functionality is determined by the jurisdiction, the User's legal status, the nature of its activity, applicable requirements and the technical availability of the relevant infrastructure.

8.2 The Company may restrict or discontinue particular functionality where its continued provision would conflict with applicable requirements or with the terms of interaction with financial infrastructure participants.

9. Confidentiality of counterparty information

9.1 Information about the organisations whose infrastructure is used by the Company, including their names, the commercial terms of interaction and the technical architecture, may constitute confidential information and is not subject to public disclosure.

9.2 Clause 9.1 does not restrict disclosure where it is directly required by applicable law or by a mandatory requirement of a competent authority, or where it is necessary for the performance of a particular regulated service.

10. Amendments to this document

10.1 The Company may amend this document. The version published at this address, stating its effective date, is the version in force.

10.2 Continued use of the Platform following publication of a new version signifies that the User has had the opportunity to review it; terms requiring express consent are agreed in the manner provided by the applicable agreement between the parties.

Operator details

OMNEXIS TECH LTD, Company No. 17121794, 61 Bridge Street, Kington, United Kingdom, HR5 3DJ.

See also: platform terms, privacy policy.