TERMS OF USE
WADZPAY APP TERMS OF USE
Last Material Update: 20 December 2020
INTRODUCTION
1.1 The WadzPay Wallet App Services (described below) are provided to you by WadzPay Worldwide Pte Ltd (together with its affiliates, WadzPay).
1.2 These terms and conditions use (“Terms” or “T&Cs”), as well as any attached country annexes or product schedules (together “Annex”) (if any), will apply to your use of the WadzPay Wallet App Services. Please take the time to read and understand these Terms before using these services so that you are aware of your legal rights and obligations. In the event of any inconsistency between these Terms and any Annex, the relevant Annex shall prevail.
1.3 By using the WadzPay Wallet App Services and/or completing the sign-up process, you are entering into a binding contract with us and shall be deemed to have expressly read, understood and agreed to be bound by these Terms.
1.3A These Terms incorporate within them as though they were fully restated herein, the provisions of the following terms and policies: (i) our Privacy Notice and; (ii) our Cookies Policy accessible at the Cookies Consent banner on our website. The provisions of the policies set out in this Clause 1.4 shall also govern the Client’s use of the Services.
1.4 Definitions, In these Terms:
“Applicable Law” means any law, rule, statute, subordinate legislation, regulation, by-law, order, ordinance, protocol, code, guideline, treaty, policy, notice, direction or judicial, arbitral, administrative, ministerial or departmental judgment, award, decree, treaty, directive, or other requirement or guideline published or in force at any time which applies to or is otherwise intended to govern or regulate any person (including all parties to this Terms), property, transaction, activity, event or other matter, including any rule, order, judgment, directive or other requirement or guideline issued by any governmental or regulatory authority;
“Affiliate” means a corporation directly or indirectly, controlling, controlled by or under direct or indirect common control with another corporation;
“Bank Transfer Top-up” has the meaning given to it in Clause 7.1A(a);
“Business Day(s)” means any day except any Saturday, Sunday or public holiday which banking institutions are open for normal business activities, in the jurisdiction where the transaction or business activity under these T&Cs is concerned;
“WadzPay” as defined in the Recital;
“WadzPay Wallet App” or “Wallet App” means the mobile application software developed, owned and released by WadzPay and available for download for Android or Apple iOS, including all content and services made available on or through the same, and any and all updates, upgrades, supplements, releases and versions thereof;
“WadzPay Wallet App Services” or “Services” refers to the Site, WadzPay Wallet App, Service Content and all related features, services, content and applications (including those described at Clause 2.1) which WadzPay may make available to you from time to time in respect of your Stored Digital Asset;
“Digital Asset” means any sort of cryptographic tokens, digital currencies, cryptocurrencies or virtual currencies, or digital assets not falling within the classification of a financial instrument in terms of the Laws of Singapore.
“Digital Asset Conversion” shall have the meaning ascribed to the term in Clause 2.1(c);
“Digital Asset Transfer” shall have the meaning ascribed to the term in Clause 2.1(d);
“Digital Asset Wallet” shall have the meaning ascribed to the term in Clause 2.1(a);
“Enabled Device” means the mobile communications or other device successfully registered by you for use in connection with the WadzPay Wallet App and WadzPay Wallet App Services;
“Erroneous Top-up Instruction(s)”) shall have the meaning ascribed to the term in Clause 7.1A(h);
“Erroneous Withdrawal Instruction(s)”) shall have the meaning ascribed to the term in Clause 7.1B(g);
“Fees” means all fees imposed by us for the use of the WadzPay Wallet App Services and/or Digital Asset Wallet;
“Force Majeure Event” means an event or failure which is beyond our reasonable control including (i) Acts of God, nature, court or government; (ii) failure or interruption in public or private telecommunication networks, communication channels or information systems; (iii) acts or omissions of acts of a party for whom we are not responsible; (iv) delay, failure or interruption in, or unavailability of, third party services and sites; (v) strikes, lockouts, labour disputes, wars, terrorist acts and riots; (vi) viruses, malwares, other malicious computer codes or the hacking of any part of the WadzPay Wallet App Services;
“Fork” has the meaning given to it in Clause 9A.1;
“Fork Network” has the meaning given to it in Clause 9A.1;
“include/including” means to include without limitation;
“Instructions” means all information, instructions, communications, orders or messages (including those relating to payments, transfers or other transactions) referable to you;
“MSCs” means the stable coins offered by WadzPay for use on the WadzPay Wallet App;
“Payment Service Partners” has the meaning given to it in Clause 7.1A(b);
“Permitted Bank” has the meaning given to it in Clause 7.1A(a);
“Personal Data” means any information relating to an identified or identifiable natural person; an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person;
“Service Content” means data, information, materials, advertisements, text, audio, video, graphics, software and other content on the Site and WadzPay Wallet App;
“Site” means the website at www.wadzpay.com;
“Stake or Staking” means the holding of WTK or any other Digital Assets issued by WadzPay in your account for an agreed period of time;
“Stored Digital Asset” shall have the meaning ascribed to the term in Clause 2.1(a);
“Taxes” means any taxes, duties or fees that incurred, required to be collected, paid or withheld for any reason in connection with your use of the Services under any Applicable Law;
“Terms” or “T&Cs” means these terms and conditions, including all Annexes;
“Trade Marks” shall have the meaning ascribed to the term in Clause 11.1(a);
“Transaction History” means your transaction history and details on your Digital Asset Wallet;
“Unsupported Forked Network” has the meaning given to it in Clause 9A.2;
“Virtual Digital Asset” has the meaning given to it in Clause 9.1;
“we/us/our” means WadzPay;
“Withdrawal Bank” has the meaning given to it in Clause 7.1B(b);
“you/your” means, jointly and severally, the individual(s) who is/are the user(s) of the WadzPay Wallet App Services.