Important Disclosures

Alipay Singapore E-Commerce Private Limited (“Alipay SG”) is required under the Payment Services Act 2019 of Singapore (the “PS Act”) to safeguard relevant money (as defined in section 23(14) of the PS Act) received from or on your account. Alipay SG has arranged for the aggregate relevant money to be safeguarded on your behalf in trust accounts (“Trust Account(s)”) maintained with a safeguarding institution. Generally, any relevant money received by Alipay SG on your account that is deposited in the Trust Account(s) will be commingled with relevant money received on account of other clients. As such, it is not possible to identify any portion of the relevant money in the Trust Account(s) as specifically belonging to you and money in the Trust Account(s) could be withdrawn to meet the obligations of other clients. If the safeguarding institution with which the Trust Account(s) is/are maintained becomes insolvent, you may be delayed or prevented from recovering your full entitlement to the relevant money.

Notwithstanding the foregoing, if the relevant money received relates to services provided by Alipay SG to you that fall within the scope of Regulation 32 of the Payment Services Regulations 2019 of Singapore, such funds may not be safeguarded.