Legal & Privacy
The defined term ‘Client Deposits’ shall not apply in its entirety.
The defined term ‘Client Asset Account’ or ‘Account’ shall be restricted to crypto wallets, and shall not include any fiat currency.
The Digital Payment Token Exchange Service whereby Zebpay provides a trading platform, shall not include fiat to crypto and/or crypto-fiat trading.
The Client shall not have the right to request the withdrawal of fiat currency.
Genie Technologies Pte Ltd [Registration No: 201919382H], 50, Raffles Place, #37-00, Singapore Land Tower, Singapore (048623) which owns and operates the ‘Zebpay’ Exchange Platform in Singapore, and shall hereinafter referred to as “Awlencan” or “Zebpay” or “Company” or “Genie”.
Definitions and Interpretation
In this agreement the following terms, unless the context otherwise indicates, will have the following meanings:
AML Regulations means MAS Notice No. PSN02 Notice to Holders of Payment Service License (Digital Payment Token Service) read with section 27B of the Monetary Authority of Singapore Act (Cap. 186).
AML Policy means the policies and programs maintained by Zebpay to comply with the AML Regulations.
Business Day means a day that is not a Saturday, Sunday or public holiday in Singapore.
Client Deposits means money (fiat) deposited into the Client Asset Account either by the Client transferring funds to the Client Asset Account or by crediting the Client Asset Account by Zebpay as a result of a sale of Digital Payment Token by the Client on the Zebpay Platform.
Client Deposit Money means Client Deposits credited to the Client Asset Account (not applicable to Indian Customers) .
Client Asset Account or Account entails the overall term for all wallets and accounts that the Client holds with the Company on the Zebpay Platform including both fiat and crypto-wallets.
Company means Genie Technologies Pte Ltd [Registration No: 201919382H]
Competent Authority means the Monetary Authority of Singapore or such other relevant government authority.
Force Majeure shall mean and include any cause arising from or attributable to acts, or events, beyond the reasonable control of Zebpay, including natural calamity, strikes, terrorist action or threat, civil commotion, riot, crowd disorder, invasion, war, threat of or preparation for war, fire, explosion, storm, flood, earthquake, subsidence, structural damage, epidemic or other natural disaster, calamity, attacks including through computer viruses, hacking, denial of service attacks, ransomware or other manmade disruptions or any law, order enactment, statutory direction, legislation, regulation, rule or ruling of government or any court of law or of a Government or regulatory authority.
KYC means know your customer requirements under the AML Regulations.
Digital Payment Token Exchange means (per Schedule I of the Payment Services Act) an exchange operating in or from within Singapore which facilitates the exchange and/or trading of digital payment tokens by making or hosting offers or invitations to buy or sell digital payment tokens in exchange for any money or any other digital payment token, but does not include an exchange where the exchange in question does not come into possession of any money or any digital payment token, whether at the time that the material offer or invitation is made or otherwise
Digital Payment Token has the same meaning as defined in the Payment Services Act.
User or Client shall mean persons availing of the Zebpay Services (as defined below), directly or indirectly, and are referred to herein as “Users”.
Zebpay Platform shall collectively mean and include Zebpay Android App, Zebpay iOS App (collectively, “Zebpay App”) or Zeb Web app (“Web version”) and Zebpay website “www.zebpay.com” (“Zebpay Website”) and other web assets on the Zebpay.com domain, together with the Zebpay Developer Portal, Public APIs and secure authentication for Users;
Zebpay Services means the services made available from time to time on the Zebpay Platform.
Trading in Digital Payment Tokens involves a high degree of risk to your capital. Digital Payment Tokens may not be appropriate for all investors and you should seek independent advice if necessary. Trading with Digital Payment Tokens may result in total loss of your investment.
- As this is a legally binding contract, the Client is cordially requested to carefully read through this agreement and related notices before using any of Zebpay’s Services.
Anti Money-Laundering Disclaimer
Zebpay is committed to improve the global fight against money laundering and terrorist financing. In this regard, the Company has endeavoured to carefully ensure all of its internal anti-money laundering procedures comply with AML Regulations.
- 2. If the Client is an individual and is not at least 18 years old, the Client’s legal guardian shall be responsible for all consequences resulting from the Client’s actions on the Zebpay Platform and Zebpay shall have the right to cancel or freeze the Client’s Client Asset Account in addition to filing claims against the Client and the Client’s guardian for compensation/damages.
- 3. Each Client shall have one Client Asset Account only. Multiple accounts for the same Client will not be allowed.
- 4. Clients who are either citizens or residents of the below countries are not permitted to use the Zebpay Services in any form (“Prohibited Jurisdiction Use”)
Democratic People’s Republic of Korea, Iran, Bahamas, Botswana, Cambodia, Ghana, Iceland, Mongolia, Pakistan, Panama, Syria, Trinidad and Tobago, Yemen, Zimbabwe, Cuba
Prohibition of use
By accessing and using the Zebpay Platform, the Client acknowledges and declares that he/she is not on any trade or economic sanctions lists, such as the United Nations Security Council Sanctions List and its equivalent. You may not use your Client Asset Account to engage in the following categories of activity (“Prohibited Uses”). The specific types of use listed below are representative, but not exhaustive:
- unlawful activity;
- intellectual property infringement; or
- defamation or abuse.
Pursuant to Zebpay’s strict policy of preventing potential conflicts of interest and/or market abuse, the Client is given notice that Zebpay does not extend its services to its employees and/or their relatives, save where Zebpay is satisfied, on a case by case basis, that the risk of conflicts of interest and/or market abuse have been ameliorated. By accessing and using the Zebpay Platform, the Client acknowledges and declares that neither he/she nor any of her relations are employees of Zebpay or any of its affiliates.
Description of services or business activity
- The OTC Trading Platform Service is a service accessed through the Zebpay Platform whereby Zebpay provides an online virtual financial asset trading platform via a sophisticated Zebpay platform for products commonly known as cryptographic tokens, digital tokens or cryptographic currency.
- When a User enters into the OTC Trading Platform Service on the Zebpay Platform, the User acknowledges and consents that he/she is transacting with Zebpay as a counterparty, meaning that for all intents and purposes, Zebpay is dealing on its own account and the prices are set by Zebpay itself.
- The Digital Payment Token Exchange Service is a service accessed through the Zebpay Platform whereby Zebpay provides a trading platform (crypto to crypto/fiat to crypto/crypto-fiat) for digital payment tokens, but otherwise commonly known as cryptographic tokens, digital tokens or cryptographic currency. The functionalities available under this service falls into two separate classes. In broad terms, the “Instant Buy/Sell” class of services will allow Users to trade the aforementioned tokens and cryptographic currencies with Zebpay itself as the counterparty. Conversely, the “Exchange” class of services will allow Users to trade the aforementioned tokens and cryptographic currencies amongst each other, which Zebpay facilitates by providing the matching service that will pair up their respective buy and sell orders.
- When a User enters the Digital Payment Token Exchange Service on the Zebpay Platform, the User acknowledges that he or she is transacting with other users of the Zebpay platform as a counterparty and bids are matched on a non-discretionary basis with a counterparty. In this regard, Zebpay provides the platform to match the orders, and prices are therefore set by the market-forces of supply and demand.
Provisions relating to both services
- The Client must register and open a Client Asset Account with Zebpay for exchanging Digital Payment Tokens (Digital Payment Tokens) prior to commencement of trading on the Zebpay platform.
- All crypto-wallets will be managed by the Company.
- Client may request the withdrawal of the Digital Payment Tokens and any fiat currency subject to the limitations available at //www.zebpay.com/fees-global/
- Zebpay strives to maintain the accuracy of information posted on the Zebpay Platform however it cannot guarantee the accuracy, suitability, reliability, completeness, performance or fitness for purpose of the content through the Zebpay Platform and will not accept liability for any loss or damage that may arise directly or indirectly from the content.
- Information on Zebpay’s Platform can be subjected to change without notice and is provided for the primary purpose of facilitating Users to arrive at independent decisions.
- All Users of the Zebpay Platform must understand that there are risks involved in the usage of the Zebpay Platform. Zebpay encourage all users to exercise prudence and trade responsibly within their own means.
- While Zebpay emphasises online interface security to ensure the continuity and security of its services (announcements will be made in event of downtime/maintenance), it will be non-accountable to Users for an act of God, Force Majeure, malicious targeted hacking, terrorist attacks and other unforeseen circumstances.
- Zebpay reserves the right to cancel, rollback or block transactions of all type on its platform in event of abnormal transactions or based on its internal AML Policy.
- Zebpay will not ask for any password or PIN from its users except to login into Zebpay platform and use Zebpay services. Zebpay will also not ask users to transfer funds that are not listed on its OTC Trading Platform Service or Digital Payment Token Exchange Service.
- By using the Zebpay Platform and Zebpay’s services, the Client declares that all information provided by the Client to Zebpay is true, accurate and complete.
User identity verification
- In addition to providing this information, to facilitate compliance with global industry and government standards for data retention, the Client agrees to permit Zebpay to keep a record of such information for the lifetime of the User’s Client Asset Account plus five (5) years after closing that account.
- The Client also authorises Zebpay to make inquiries, either directly or through third parties, that are deemed necessary to verify the Client’s identity or to protect the Client and/or Zebpay against financial crimes such as fraud, etc.
Know Your Customer (KYC) and on boarding
- Zebpay is required to adhere to KYC requirements. Zebpay may undertake remote KYC procedures and video on boarding, among others.
- The KYC procedures may be created or undertaken by any authorised representative of Zebpay (such as a third-party KYC service provider) possessing all the relevant and necessary credentials to conduct the KYC and due diligence in accordance with the AML Regulations and the AML Policy.
- The Client is bound to follow all on-screen instructions and adhere to all requirements forthe on-boarding on to the Zebpay Platform.
Authenticity and self-responsibility of identity information
- All Users must register for a Zebpay Client Asset Account before using the Zebpay Platform via our standard application procedure. To register for an account, the Client must provide his or her real name, email address and such other requested information including KYC documents.
- Where Zebpay is required under applicable law and regulations to report transactions with the Client to a Competent Authority or otherwise, the Client must obtain and provide Zebpay with any information as Zebpay may require. The Client shall not be permitted to place orders unless and until it has provided the information required, and subject to clearance of the Competent Authority or other authority, as the case may be.
- In order to open a Client Asset Account, the Client must complete the registration process.
- Zebpay is obliged to carry out all the searches and enquiries that Zebpay deems to be appropriate to assess the Client’s identity and/or to carry out any anti money laundering controls which may be required under the AML Regulations or its AML Policy. This information may be also used for the prevention of money laundering or terrorism financing as well as for the management of the Client Asset Account. The Client authorises Zebpay to use the information to perform the above checks in relation to this Agreement.
- The identity verification information which may be requested can generally include but not limited to:
Government Issued ID/Passport
Date of Birth
Proof of address
Bank account details
Information on the User’s trades
Photographs and images.
- In providing this required information, the Client confirms that it is accurate and authentic. Post-registration, the Client must guarantee that the information is truthful, complete and updated in a timely manner with any changes. If there is any reasonable doubt that any information provided by you is wrong, untruthful, outdated or incomplete, Zebpay shall have the right to send you a notice to demand corrections, remove relevant information directly, suspend use of the Client Asset Account and, as the case may be, terminate all or part of Zebpay Service to the Client.
- The Client shall be solely and fully responsible for any loss or expenses incurred by the Client during the use of Zebpay Service if the Client cannot be reached through the contact information provided by the Client.
- The Client hereby acknowledges and agrees that he/she has the obligation to keep all information provided to Zebpay up to date if there are any changes.
- Zebpay may or may not accept an application to become a Client in its absolute discretion, including if the Client fails to pass the relevant appropriateness checks. If the Client application is accepted by Zebpay, the Client shall be notified of its Client Asset Account.
- The Client may only start trading and/or exchanging with Zebpay on the Zebpay Platform after the initial deposit of fiat or Digital Payment Tokens is credited to the Client Asset Account and such deposit has been cleared.
- Zebpay shall be authorised to act upon any digital instructions transmitted by the Client. In this connection, Zebpay shall be entitled to carry out any instructions or orders as per the Client’s instructions.
- The Client may request Zebpay to make payments by debiting the Client Asset Account to the extent cleared funds are available at the time of the request (electronically via the Zebpay Platform)
- The initial deposit and any additional funds deposited by the Client (together, Client Deposits) shall be credited to the Client Asset Account as the case may be.
- Any crediting or debiting of Client Deposit Money to or from the Client Asset Account is net of any bank fees, commissions or other charges or costs (including any applicable taxes, including withholding taxes) and you hereby expressly authorise Zebpay to make any such deductions.
- Zebpay may receive interest in respect of the Client Asset Account but will not pay any portion of such amounts to the Client. The Client hereby waives any right to receive interest on any positive balance of Client Deposits on the Client Asset Account.
- The Client Asset Account shall be denominated in Singapore dollars (‘Base Currency’) by default.
- All gains, earnings, losses, costs and liabilities made or incurred by the Client under or in relation to any Digital Payment Token or any service provided by Zebpay or otherwise in connection with this agreement (including any fees charged by Zebpay) shall be credited or debited to the Client Asset Account, as applicable.
- The Client hereby expressly authorises Zebpay to deduct any such amounts from any Client Deposits held in the Client Asset Account by Zebpay on the Client’s behalf.
- The Client may, at any time, withdraw funds (‘Withdrawn Funds’) from the Client Asset Account by submitting a request to Zebpay (‘Withdrawal Request’). The amount requested must be available in Client Asset Account. Zebpay may, at its discretion, elect to withhold payment (or deduct an amount from it, as applicable) if:
- 1. Zebpay is required by applicable law or regulations to deduct or withhold such payment; or
- 2. there is an unresolved dispute between Zebpay and the Client in connection with this agreement or any related contract in respect of such funds.
- Zebpay will only pay Withdrawn Funds to the Clients registered bank account unless the Client has notified a change in their payment details in writing in advance and this is in compliance with applicable law and regulations, in particular anti-money laundering controls.
- The Client shall make Client Deposits and submit withdrawal requests to Zebpay using the deposit or withdrawal function on the Zebpay Platform. The Client shall be solely responsible for the safekeeping of the Client Asset Account and password/ PIN and the Client will be responsible for all activities relating to the Client’s logins and password/PIN, .
- The Client hereby covenants that the Client:
- 3. will not share its login or password/PIN details with any third party;
- 4. will notify Zebpay immediately if the Client he/she is aware of any unauthorised use of the Client Asset Account or the Client login or password/ PIN by any person or any other violations its security ;
- 5. will strictly observe the security, authentication, dealing, charging, withdrawal mechanisms or procedures of the Zebpay Platform; and
- 6. will log out from the Zebpay Platform by taking proper steps at the end of every visit.
- Zebpay will not be responsible for any loss or consequences caused by the Client’s failure to comply with the above terms and conditions.
Representations, warranties and covenants of the Client
The Client represents and warrants to Zebpay that:
7. The Client’s conduct will not be in violation of the law, public interests, public ethics or other’s legitimate interests,
8. the Client will not evade the payment of taxes or fees and will not violate this agreement or relevant laws and rules ;
9. all information supplied by the Client to Zebpay is complete, true, accurate and not misleading or deceptive in any respect;
10. if the Client is an individual, the Client is at least 18 years old;
11. if the Client is a body corporate, unincorporated association, trust or other legal structure, the Client is validly existing in accordance with applicable law and regulations;
12. the Client has entered into this agreement and will enter into any transaction on the Zebpay Platform as a principal and not as another person’s agent or representative;
13. the Client is not subject to any law or regulation preventing it from entering into this agreement or transactions on the Zebpay Platform. In this regard, the Client is not a resident of any other jurisdiction where it may be unlawful to access the Zebpay Platform or trade with Zebpay;
14. the Client has obtained all necessary consents, licenses and authorisations and has full power and authority (in accordance with its constitutional and organisational documents, where relevant) to enter into this agreement and all transactions on the Zebpay Platform;
15. the Client will comply with all laws and regulations to which the Client is subject in relation to this agreement and any transaction contemplated by this agreement including, without limitation, all tax laws and regulations, exchange control requirements and registration requirements;
16. this agreement and any transaction entered into thereunder create valid and binding obligations which are enforceable against the Client in accordance with their terms including in the jurisdiction in which the Client is resident and do not violate the terms of any law, regulation, order, charge, agreement or instrument by which the Client is bound or to which the Client’s assets are subject;
17. the Client is fully aware of the financial and other risks involved with trading in Digital Payment Tokens under this agreement and is willing and financially able to sustain a total loss of funds resulting from the trading and transactions entered into on the Zebpay Platform;
18. the Client has consistent and uninterrupted access to the internet and the email address, mobile number provided to Zebpay during the application procedure;
19. the Client will act in accordance with applicable law and regulations regarding market abuse, manipulation or misconduct, insider trading or dealing and similar offences, as applicable;
20. the Client will not alter, distort or otherwise manipulate the relevant market or underlying in relation to a transaction entered into under this agreement;
21. the Client will promptly notify Zebpay of the occurrence of any event of default or potential event of default or any other breach of this agreement; and
If the Client violates the foregoing promises and thereby causes any legal consequence, the Client shall independently undertake all of the legal liabilities in the Client’s own name and indemnify Zebpay from all actions, claims, losses or costs arising from such violation;
The Client will not use any data or information displayed on the Zebpay Platform for commercial purposes without the prior consent of Zebpay.
- 1. using a device, software or subroutine to interfere with the Zebpay Platform;
- 2. overloading network equipment with unreasonable data loading requests;
- 3. executing malicious sales or purchases on the market.
By accessing the Zebpay Service, the Client agrees that Zebpay shall have the right to unilaterally determine whether the Client has violated any of the above covenants and take action without receiving the Client’s consent or giving prior notice to the Client. Examples of such actions include, but are not limited to:
- 4. block and close order requests;
- 5. freezing your Client Asset Account;
- 6. reporting the incident to authorities;
- 7. publishing the alleged violations and actions that have been taken;
- 8. deleting any information you published that is in violation.
The Client consents to the Zebpay Platform’s KYC checks and procedures and under no circumstance may Zebpay refund any money or grant access to the Zebpay Platform before all necessary procedures have been vetted and consent is formally authorised for the Client to access the Zebpay Platform.
Without prejudice to the aforesaid, any funds which are kept in the Client Asset Account will be ‘frozen’ until the relevant procedures are completed and under no circumstance may they be ‘exchanged’ or ‘withdrawn’.
If the Client’s alleged violation causes any losses to a third-party, the Client shall solely undertake all the legal liabilities in the Client’s own name and hold Zebpay harmless from any loss, fine or extra expenses. If, due to any alleged violation Zebpay incurs any losses, is claimed by any third party for compensation or suffers any punishment imposed by any administrative authorities, the Client will indemnify Zebpay against any losses and expenses caused thereby, including legal fees on a full indemnity basis.
The Client acknowledges and agrees that the above representations and warranties have been a material inducement to the decision of Zebpay to enter into this agreement with the Client.
In case of any abnormal behaviour, fluctuation or delay in transactions beyond Zebpay’s control, Zebpay shall not be liable to the Client.
Zebpay will provide access to the Zebpay Platform on an “as is” and “commercially available” condition and to the maximum extent permitted by law does not offer any form of warranty with regards to the Zebpay Platform’s reliability, stability, accuracy and completeness of the technology involved. The Zebpay Platform serves merely as a venue of transactions where Digital Payment Token information can be acquired, and Digital Payment Token transactions can be conducted.
Zebpay cannot control the quality, security or legality of the Digital Payment Tokens in any transaction, truthfulness of the transaction information, or capacity of the parties to any transaction to perform their obligations. The Client must carefully consider the associated investment risks, legal status and validity of the transaction information and investment decisions prior to your use of the Zebpay Platform.
Limitation of liability
- i. Release of Zebpay Liability
- 1. If you have a dispute with one or more users of the Zebpay Platform, you agree that neither we nor our affiliates or service providers, nor any of our respective officers, directors, agents, joint venturers, employees and representatives will be liable for any claims, demands and damages (actual and consequential) of any kind or nature arising out of or in any way connected with such disputes.
- 2. Zebpay will not be liable for any loss caused to the User due to discontinuation of any cryptocurrency that is being offered through the Zebpay Platform.
- 3. Zebpay shall not be liable for any disruption of service, whereby the User is denied access to their cryptocurrencies, including those stored on the Client Asset Account.
- 4. Zebpay shall not be liable for any loss caused to the User through loss of any cryptocurrency stored on the User’s Client Asset Account for any reason whatsoever, save and except due to a wilful and malicious commission or omission by Zebpay directly resulting in such loss.
- 5.Zebpay shall not be liable for any discontinuation, alteration, suspension or termination of any part of the services offered on the Zebpay Platform caused or occasioned any Force Majeure event or any change in applicable Law with respect to cryptocurrencies.
- 7. The User shall not be entitled to any damages for any reason whatsoever including for consequential or compensatory damages against Zebpay for any reasons including suspension, cancellation or termination of the User account or for cessation of any or all services on the Zebpay Platform. The User shall only be entitled to refund / recovery of the cryptocurrencies credited to the Client Asset Account, subject to deductions of amounts owed to Zebpay and other legal, regulatory or statutory dues or those stipulated under applicable Law, and to the permissibility of such refund or recovery under applicable law.
- 8. In the event that any cryptocurrencies stored in any Client Access Account are seized, or Zebpay is unable to access or return the same to User, Zebpay shall not be held liable or responsible for the same. The User is cautioned to avail itself of the Zebpay Platform subject to the above risk. At no point in time will Zebpay, its directors, shareholders, employees, representatives, officers, affiliates or assigns be held liable for any claims whatsoever for cessation of services or termination of any part of the Zebpay Platform or any disruption with respect to access to any Client Asset Account.
- 9. All claims by a User shall be limited to the cryptocurrencies and fiat in the relevant Client Asset Account, subject to the above mentioned conditions.
- 10. To the maximum extent permitted by law, THE MAXIMUM CUMULATIVE LIABILITY OF ZEBPAY IN ANY EVENT, FOR ANY CLAIM, DAMAGES, TORT SHALL BE LIMITED TO THE CRYPTOCURRENCIES ACTUALLY RECEIVED FROM THE USER, AS CONSIDERATION OR FEES FOR THE SERVICES RENDERED BY Zebpay IN RELATION TO THE APPLICABLE TRANSACTION TO WHICH THE CLAIM RELATES. IF THE CLAIM DOES NOT RELATE TO ANY TRANSACTION IN PARTICULAR, THEN ZEBPAYS MAXIMUM CUMULATIVE LIABILITY SHALL BE LIMITED TO THE CRYPTOCURRENCIES ACTUALLY RECEIVED FROM THE USER, AS CONSIDERATION OR FEES FOR THE SERVICES RENDERED BY ZEBPAY IN RELATION TO THE TWO TRANSACTIONS IMMEDIATELY PRECEDING THE DATE ON WHICH THE CLAIM IS MADE BY THE USER .
- ii. No Liability for Breach
- iii. Limitation of loss
In addition to the liability cap above, in no event shall Zebpay, our affiliates or our service providers, or any of our or their respective officers, directors, agents, employees or representatives, be liable for any of the following types of loss or damage arising under or in connection with this agreement or otherwise:
- 1. any loss of profits or loss of expected revenue or gains, including any loss of anticipated trading profits and / or any actual or hypothetical trading losses, even if we are advised of or knew or should have known of the possibility of the same;
- 2. any loss of or damage to reputation or goodwill; any loss of business or opportunity, customers or contracts; any loss or waste of overheads, management or other staff time; or any other loss of revenue or actual or anticipated savings, even if we are advised of or knew or should have known of the possibility of the same;
- 3. any loss of use of hardware, software or data and / or any corruption of data; including but not limited to any losses or damages arising out of or relating to any inaccuracy, defect or omission of digital currency price data; any error or delay in the transmission of such data; and / or any interruption in any such data;
- 4. any loss or damage whatsoever which does not occur directly from our breach of this agreement; and/or
- 5. any loss or damage whatsoever which is in excess of that which was caused as a direct result of our breach of this agreement (whether or not you are able to prove such loss or damage).
Termination of this agreement
- Zebpay shall have the right to keep and use the transaction data or other information related to such Client Asset Accounts. The above account controls may also be applied in the following cases but not limited to the following:
- 1. the Client Asset Account is subject to a governmental proceeding, criminal investigation or other pending litigation;
- 2. we detect unusual activity in the Client Asset Account;
- 3. we detect unauthorized access to the Client Asset Account;
- 4. we are required to do so by a court order or command by a regulatory/government authority;
- 5. we reasonably suspect you of acting in breach of this Agreement;
- 6. we suspect money laundering, terrorist financing, fraud, or any other financial crime;
- 7. Use of your Client Asset Account is subject to any pending litigation, investigation, or government proceeding and/or we perceive a heightened risk of legal or regulatory non-compliance associated with your account activity;
- 8. we take any action that may circumvent our controls such as opening multiple accounts or abusing promotions which we may offer from time to time.
- In case of any of the following events, Zebpay shall have the right to directly terminate this agreement by cancelling the Client’s Asset Account, and shall have the right to permanently freeze (cancel) the authorisations of the Client’s Asset Account and withdraw the corresponding Client account:
- 9. after Zebpay terminates services to the Client,
- 10. the Client allegedly registers or registers in any other person’s name as Zebpay user again, directly or indirectly;
- 11. the main content of user’s information that the Client has provided is untruthful, inaccurate, outdated or incomplete;
- 13. any other circumstances where Zebpay deems it should terminate the services.
- Should the Client Asset account be terminated, the account and transactional information required for meeting data retention standards will be securely stored for five (5) years. In addition, if a transaction is unfinished during the account termination process, Zebpay shall have the right to notify the Client’s counterparty of the situation at that time.
- Subject to clause 21(f), once the Client Asset Account is closed/withdrawn, all remaining balances (which includes charges and liabilities owed to Zebpay) on the account will be due and payable to Zebpay. Upon payment of all outstanding charges to Zebpay (if any), the User will have the reasonable time to withdraw all funds from the account.
- Zebpay maintain full custody of the funds and user data/information which may be turned over to the authorities in event of account suspension/closure arising from fraud investigations, AML investigations or violation of the law or Zebpay’s Terms (e.g. trading on Zebpay from a sanctioned country).
Compliance with Local Law
- It is the responsibility of the User to abide by local laws in relation to the legal usage of Zebpay Services in their local jurisdiction. Users must also factor, to the extent of their local law all aspects of taxation, the withholding, collection, reporting and remittance to their appropriate tax authorities.
- All users of the Zebpay Platform and any of its services acknowledge and declare that the source of their funds come from a legitimate manner and are not derived from illegal activities. Zebpay maintain a stance of cooperation with law enforcement authorities globally and will not hesitate to seize, freeze, terminate the Client Asset Account and funds of Users which are flagged or investigated by legal mandate.
Zebpay Services are offered only on the digital domain, which is subject to risks including offensive attacks. Zebpay shall not be liable for any loss caused to the User’s account or the monies or cryptocurrencies accrued therein if the same arises due to any Force Majeure event, including commissions or omissions by third parties, forces of nature, offensive attacks on Zebpay servers or on the personal devices of the Users, changes in applicable law, or any loss caused by conditions or events beyond the reasonable control of Zebpay.
The above limitation on liability includes any Force Majeure event set out hereunder including acts of god; fire, act of terrorists, act of civil or military authorities, civil disturbance, war, strike or other labour dispute, interruption in telecommunications or Internet services or network provider services, failure of equipment and/or software, other catastrophe or any other occurrence which is beyond reasonable control of Zebpay; offensive attacks including virus attack, hacking, denial of service attack or theft of the personal devices of the User resulting in loss to the account.
To the maximum extent permitted by law Zebpay shall not be liable for any loss caused to User due to a data breach of confidential information of the User, including of the User account details or User password, including when such breach has occurred due to the User sharing such details with third parties or due to the User’s failure to follow reasonable due diligence. Zebpay shall also not be liable or responsible for any disclosure by User of any User account details, including on account of a phishing attack or other third-party disruption.
Privacy and Confidentiality
- Zebpay processes all personal information in accordance with applicable law and regulations relating to the processing, privacy, and use of personal information.
- Zebpay may collect, hold and process personal information about the Client from the way in which the Client engages with Zebpay (such as by ﬁlling in the application, placing orders, or if the Client contacts Zebpay by post, email, telephone, in person or by any other means), through the Client’s interactions with Zebpay and/or the Zebpay Platform.
- Zebpay relies on the following legal basis to process and use the Client’s personal information:
14. processing is necessary for the performance of the Zebpay Services provided to the Client under this agreement;
Zebpay has security procedures covering the storage and disclosure of the Client’s personal information to prevent unauthorised access of any Client personal information and to comply with the Personal Data Protection Act 2012.
Neither party may disclose to any person any information relating to the business, investments, finances or other matters of a confidential nature of the other party of which it may come into possession in connection with this agreement and its performance by the other party, and each party shall use all reasonable endeavours to prevent such disclosure, except as may be required by any applicable law, rule or regulatory, law enforcement or tax authority.
For the avoidance of doubt, Zebpay may be required to disclose information to third parties in order to carry out fraud-checks and for KYC procedures, and the Client expressly consents to such disclosure.
If the Client has any complaints, feedback or questions, the Company may be contacted via firstname.lastname@example.org and we will in our best efforts try to resolve the issue with expediency. Zebpay shall not provide any support services to walk-in users.
Method of payment
- v. a bank draft or a bank cheque;
- vi. by credit of cleared funds to the bank account specified by the payee at least 3 Business Days before the anticipated date of the payment; or
- vii. any other lawful form of payment that the parties agree in writing.
- A notice given under this clause will be deemed to be received:
- 1. if hand delivered, at the time of delivery;
- 2. if sent by prepaid post, three Business Days after the date of posting or seven Business Days after the date of posting if posted to or from a place outside Singapore;
- 3. if sent by electronic message, when the sender receives an automated message confirming delivery or eight hours after the message has been sent (as recorded on the device from which the sender sent the message) unless the sender receives an automated message that the electronic message was not delivered or the sender knows or reasonably should know that there is a network failure and accordingly knows or suspects that the electronic message was not delivered,
unless a notice is received after 5.00 pm on a Business Day in the place of receipt or at any time on a non Business Day, in which case, that notice is deemed to have been received at 9.00 am on the next Business Day.
The User may not assign or otherwise deal with any of its rights or obligations under these Terms without the prior written consent of Zebpay. However, Zebpay may, without the consent of the User assign its rights under this agreement in the case of the sale of all or part of the Zebpay Platform.
No failure to exercise or delay in exercising any right given by or under this agreement to a party constitutes a waiver and the party may still exercise that right in the future.
Waiver of any provision of this agreement or a right created under it must be in writing signed by the party giving the waiver and is only effective to the extent set out in that written waiver.
No warranty or representation
By giving its approval or consent about any matter dealt with in this agreement, a party does not make or give any warranty, representation or undertaking about any circumstances relating to the subject matter of the consent or approval.
If any provision of this agreement is void, voidable by a party, unenforceable, invalid or illegal and would not be so if a word or words were omitted, then that word or those words are to be severed and if this cannot be done, the entire provision is to be severed from this agreement without affecting the validity or enforceability of the remaining provisions of this agreement.
On completion or termination of the transactions contemplated by this agreement, the rights and obligations of the parties set out in this agreement will not merge and any provision that has not been fulfilled remains in force.
- 12. Entire agreement
Governing law and jurisdiction