Consumer advisory –Payment Services in Singapore are regulated under the Payment Services Act 2019 (the "PSA"). Wallex Technologies Pte. Ltd ("Wallex") is a licensed Major Payment Institution under the PSA for the provision of Cross-border Money Transfer Services in Singapore (License No. PS20200433). Funds (that constitute "relevant moneys" (as defined under the PSA) received by Wallex shall be held on your behalf in a trust account opened with a Safeguarding Institution as required under the PSA.