Effective Date: December 2024
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1. Introduction

‍These Terms and Conditions ("T & C") govern your access to and use of Olympus Pay's services, including our mobile application, website, APIs, and any related platforms (collectively, the "Services"). By accessing, browsing, or using any of our Services, you agree to comply with, and be legally bound by, these T&C. If you do not agree to these T&C, you must refrain from using our Services.

Olympus Pay Limited is currently under license to Gemba Finance Limited and offers bank accounts provided by Gemba Finance Ltd. Gemba Finance Ltd is Authorised by and regulated by the Financial Conduct Authority, Reference number: 804853.  Gemba Finance Ltd registered office Address is Level 39, 1 Canada Square, Canary Wharf, London, E14 5AB, UK.

‍Olympus Pay is a financial technology company, not a bank. Currently undergoing registration with the Financial Conduct Authority (FCA) in the United Kingdom. As of the time of writing, we are not yet fully licensed but are committed to meeting all regulatory requirements and maintaining the highest standards of compliance. Please note that our registration process is ongoing, and we are working diligently towards obtaining full regulatory approval.

‍Olympus Pay Limited is registered as a company in the United Kingdom under Company Number: 16132811.Our registered office is located at:

‍Olympus Pay Limited
14/2E Docklands Business Centre,
10-16 Tiller Road,
London,  E14 8PX,
United Kingdom.
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‍Our goal is to provide you with fast, secure, and seamless payment services that allow you to send, receive, and manage funds easily and more. Please read these T&C carefully, as they outline your rights, obligations, and limitations when using our Services.

‍1.1 Agreement to Terms

‍By using our Services, you affirm that:

You have read, understood, and agree to be bound by  these T&C, as well as any other applicable policies or guidelines     provided by Olympus Pay, including but not limited to our Privacy  Policy, Fee Schedule, and Cookie Policy (collectively,     the "Agreement"). You have the legal capacity to enter into a contract     and are not prohibited by applicable law or regulation from using     financial services. If you are under the age of 18 or the legal age of     majority in your jurisdiction, you are not authorized to use our Services. 

‍1.2 Amendments and Updates to Terms

‍Olympus Pay reserves the right to update, modify, or amend these T&C at any time and for any reason. These changes may be necessary to reflect changes in our services, applicable laws, regulations, or industry standards.

‍Notification of Changes: If we make material  changes to these T&C, we will notify you via the app, email, or other     communication methods. The continued use of the Services after such  changes will constitute acceptance of the updated terms. If you do not agree with the changes, you must cease using the Services and close your account as per Section 8 ("Account Suspension and Termination").

‍1.3 Purpose of Services: Olympus Pay offers ( through licensing to Gemba Finance Limted) a wide range of financial services, including but not limited to:

‍Payment Processing: Facilitate domestic and international transfers between Olympus Pay users and third-party     financial institutions.

‍Currency Exchange: Provide competitive exchange rates for converting between different fiat currencies.

‍Account Balance Management: Enable users to maintain a balance within their Olympus Pay account for making payments or  transfers.

‍Debit Card Services: Provide an Olympus Pay-branded debit card for in-store and online purchases.

‍Other Financial Services: Including but not limited to bill payments, savings accounts, and investment opportunities,   which may be governed by separate terms and conditions.These Services are designed to help you manage your financial transactions in a secure, efficient, and user-friendly manner.

‍1.4 Jurisdiction andApplicable Law

‍These T&C are governed by and construed in accordance with the laws of England and Wales. By agreeing to these T&C, you consent to the exclusive jurisdiction of the courts located in London, England, or such other jurisdiction as Olympus Pay may determine, for the resolution of any disputes.This provision does not limit your rights as a consumer under applicable laws in your jurisdiction, which may grant you the ability to pursue claims in another forum.

‍1.5 Consent to Data CollectionAs part of our Services, we may collect, process, and store your personal data in accordance with our PrivacyPolicy. By using our Services, you consent to the collection and processing of your data as described in our Privacy Policy, which is incorporated by reference into these T&C.

‍1.6 Contact InformationFor any questions, concerns, or inquiries regarding these T&C or your use of our Services, please contact us at:

‍Customer Support Email: support@olympuspay.co
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Website: www.olympuspay.co 

‍2. Account Creation and Eligibility

2.1 Eligibility To be eligible to use OlympusPay’s services ("Services"), you represent and warrant that:

‍Age Requirement:

You are at least 18 years  of age or the legal age of majority in your jurisdiction, whichever is     greater, and possess the legal capacity to enter into binding contracts.  If you are under the age of 18 or the legal age of majority, you are not     authorized to use the Services.

‍Valid Identification:

You possess and can  provide a valid, non-expired government-issued photo identification  ("Government ID") such as a passport, driver’s license, or     national identity card. This Government ID must be issued by a government     authority recognized in the jurisdiction in which you reside. Olympus Pay     reserves the right to request additional identification documents or     verification to confirm your identity.

‍Legal Compliance:

You are not prohibited by any applicable laws, regulations, or sanctions from using financial  services. Specifically, you are not:   Subject to sanctions, including those imposed by the United Nations, the European Union, or the United States Department      of the Treasury (OFAC), or any other relevant authority;  A person or entity that is deemed to be a “politically exposed person” (PEP), or involved in any activities that violate laws relating to anti-money laundering (AML), counter-terrorism financing (CTF), or other applicable financial crime regulations;  Engaged in any illegal activities that could result      in your exclusion from financial services or penalties under applicable      laws.

‍Geographic Restriction:

The Services may not be available in certain jurisdictions. It is your responsibility to ensure     that you are not in a jurisdiction where the Services are prohibited or restricted by local laws or regulations. You confirm that you are legally permitted to use the Services based on your location and that you will comply with all local legal requirements. By accepting these Terms andConditions, you affirm that you meet the eligibility criteria listed above. If at any time it is determined that you do not meet the eligibility criteria or that your use of the Services violates any applicable laws, we reserve the right to suspend or terminate your account and/or access to the Services.

‍2.2 Account Registration

‍To register for an Olympus Pay account, you must provide certain personal and financial information("Account Information"). By completing the registration process, you agree to:

‍Accurate Information: You must provide     complete, accurate, and current information when registering for an     account, including but not limited to your full name, date of birth,     physical address, email address, phone number, Government ID details, and     any other information necessary to verify your identity and comply with     regulatory requirements. You agree to keep your Account Information up to     date and to notify us promptly of any changes.

‍Identity Verification: As part of the     registration process, you may be required to undergo an identity     verification process ("KYC" or Know Your Customer), which may     involve submitting additional documents and undergoing biometric     verification, such as a selfie or video call. You acknowledge and agree     that you will provide true and accurate information, and consent to     Olympus Pay using this information for the purposes of identity     verification, fraud prevention, and compliance with applicable legal and     regulatory requirements.

‍Authorization to Use Information: By providing     your personal information, you authorize Olympus Pay to collect, process,     and store your information in accordance with our Privacy Policy and     applicable data protection laws. You also grant Olympus Pay the right to     share your information with third parties such as payment processors,     identity verification services, and regulatory authorities for the purpose     of processing your registration and ensuring compliance with our     obligations under the law.

‍Account Approval and Acceptance: Olympus Pay     reserves the right, at its sole discretion, to approve or reject your     registration for an account. We may require additional documentation or     information before granting approval. If your application is rejected or     if you fail to provide satisfactory verification information, you will not     be able to access or use the Services.By completing the registration process, you confirm that you have read, understood, and accepted these Terms and Conditions, including our Privacy Policy.

‍2.3 Account SecurityYou are solely responsible for maintaining the confidentiality and security of your Olympus Pay account, including but not limited to your login credentials (e.g., username, password,PIN, or any multi-factor authentication methods) ("Account Credentials").You agree to:

‍Account Responsibility: You acknowledge and     agree that you are fully responsible for all activities that occur under your account, whether or not authorized by you. This includes, without     limitation, any transactions, purchases, or use of the Services. Olympus     Pay is not responsible for any loss, theft, or unauthorized use of your     Account Credentials.

‍Security Measures: You agree to implement all     necessary security measures to protect your account and Account     Credentials, including keeping your password and other authentication     credentials confidential and ensuring that you use a strong, secure     password. You are strongly advised to enable multi-factor authentication  ("MFA") for added security.

‍Suspicious Activity: If you believe that your     account has been compromised or that there has been any unauthorized     access or use of your account, you agree to notify Olympus Pay immediately     through the contact details provided in Section 11 of these Terms and Conditions. Failure to notify us promptly may result in additional losses     or risks to your account and financial data.

‍Responsibility for Third-Party Access: If you grant any third party access to your account (e.g., a financial advisor or app developer), you remain fully responsible for all actions taken by that     third party and agree to ensure they comply with these Terms and     Conditions. Any actions taken by a third party with access to your account     will be treated as actions authorized by you.

‍Olympus Pay’s Right to Act: Olympus Pay     reserves the right to suspend or disable your account if we suspect any     breach of security, unauthorized activity, or fraud. We also reserve the     right to request additional information or take other actions to verify     your identity or protect the security of your account.By using the Services, you accept and agree to assume full responsibility for the security and confidentiality ofyour account. We strongly recommend that you regularly monitor your account activity and notify us immediately of any suspicious or unauthorized transactions. 

‍3. Services Provided

‍Olympus Pay offers a suite of financial services ("Services") designed to provide users withsecure, efficient, and convenient methods for managing and transferring money.These Services are subject to the terms and conditions outlined herein, as well as any additional terms and conditions that may apply to specific Services. Byusing Olympus Pay’s Services, you acknowledge and agree to the following:

‍3.1 Payments and Transfers

‍Olympus Pay enables users to send and receive funds to/from other Olympus Pay users, as well as to third-party payment providers, banks, and financial institutions. This includes, but is not limited to:

‍Peer-to-Peer Payments: Send and receive funds  instantly between Olympus Pay accounts, both domestically and     internationally. Transfers may be subject to certain limits and fees,  which will be disclosed to you prior to initiating a transfer.

‍Bank Transfers: Link your bank account to your Olympus Pay account to send and receive funds directly between your bank and Olympus Pay. This may include deposits and withdrawals, and will be  subject to processing times and fees set by your bank or financial  institution.

‍Cross-Border Transfers: Olympus Pay facilitates international transfers, allowing you to send money across borders in different currencies. These transfers may be subject to currency conversion fees, exchange rate margins, and the laws and regulations governing cross-border financial transactions in the relevant     jurisdictions.

‍Payment Service Provider Integration: Olympus Pay may also offer integration with third-party payment services (such as PayPal, Stripe, or others), which may have separate terms and fees. When using these integrated services, you agree to comply with the relevant     third-party service provider’s terms.

‍Limitation of Liability: Olympus Pay makes no representations or warranties regarding the timeliness or success of any transfer, and is not liable for any delay or failure caused by third-party service providers, payment networks, or other external factors.

‍3.2 Currency Exchange

‍Olympus Pay allows you to exchange between various fiat currencies ("Currency Exchange"), at competitive rates. The following terms apply to Currency Exchange:

‍Currency Conversion: You may exchange one currency for another using Olympus Pay’s currency exchange services.    
Exchange rates are determined based on real-time market conditions and may     fluctuate accordingly. You will be notified of the exchange rate at the     time of the transaction, and the rate will be fixed for the duration of     the exchange.

‍Fees: Currency exchange services are subject     to fees, which may include a margin on the exchange rate or an additional     charge for the conversion service. The fees will be displayed clearly at     the time of the transaction.

‍Availability: The availability of currency     exchange may depend on market conditions, your account status, and other factors. Olympus Pay reserves the right to limit or restrict currency  exchange for certain currencies or regions in compliance with applicable     laws or regulatory requirements.

Currency Conversion Risk: You acknowledge and     accept that the value of currencies can fluctuate, and Olympus Pay is not     responsible for any losses that may occur due to currency exchange rate     changes. You assume full responsibility for any risks associated with     currency conversions.

3.3 Account Balance Management

‍Olympus Pay provides the ability to maintain and manage a balance in your Olympus Pay account ("AccountBalance"). You can deposit, hold, and withdraw funds from your account, subject to the following:

‍Deposits and Withdrawals: You may deposit     funds into your Olympus Pay account from an external bank account, credit card, or other funding sources. Withdrawals can be made to your linked     bank account or through other available methods. Olympus Pay reserves the     right to impose limits on deposit and withdrawal amounts.

‍Account Funds: The funds in your Olympus Pay     account are held in your name, but are not insured or protected by any     government agency or financial institution, unless explicitly stated     otherwise by Olympus Pay. Your account balance may not earn interest,     unless we offer specific savings or investment products under separate  terms.

‍Account Restrictions: Olympus Pay reserves the     right to place holds or limits on your account balance in certain     circumstances, including fraud prevention, regulatory compliance, or     suspicion of illegal activity.

‍Maintenance of Account Balance: It is your     responsibility to monitor and maintain sufficient funds in your Olympus     Pay account to cover transactions or fees. Olympus Pay is not liable for     any failure to process a transaction due to insufficient funds in your     account.

3.4 Debit Card

‍Olympus Pay offers a prepaid debit card ("Olympus Pay Card") that allows you to make purchases both online and in-store, using the funds available in your Olympus Pay account. The following terms apply to the Olympus Pay Card: Issuance and Use: Upon approval, you may     request the issuance of an Olympus Pay Card, which will be linked to your     Olympus Pay account balance. The card can be used for purchases at     merchants accepting debit cards, subject to the available balance in your     account.

‍Card Activation: The Olympus Pay Card must be     activated before use. You will be required to follow our instructions for     activation, which may include providing additional identification or     verifying your identity.

‍Fees: Using the Olympus Pay Card may incur     various fees, including but not limited to issuance fees, ATM withdrawal     fees, and foreign transaction fees. The specific fees associated with the     card will be disclosed to you at the time of issuance.

‍Cardholder Responsibility: You are responsible     for the safekeeping of your Olympus Pay Card and for any transactions made     with it. If your card is lost, stolen, or otherwise compromised, you must     notify us immediately so we can take appropriate action to protect your account.

‍Card Expiration: The Olympus Pay Card has an     expiration date, after which it may no longer be used for transactions. We     will notify you when your card is nearing expiration and offer you the     option to request a replacement card.

‍Card Restrictions:

The Olympus Pay Card may be subject to certain restrictions, including geographical limitations, usage limits, and regulatory compliance measures. These restrictions may vary depending on your location and the applicable laws in your jurisdiction.

‍3.5 Other Services

‍In addition to the services outlined above, Olympus Pay may offer other financial services, including but not limited to bill payments, savings products, investments, and lending options (collectively, "Other Services"). Each of these services will be subject to separate terms and conditions, which will be provided to you at the time of offering the specific service.

‍Bill Payments: You may use Olympus Pay to pay     utility bills, subscriptions, or other services directly from your Olympus     Pay account. These payments may be subject to processing times, limits,     and applicable fees.

‍Savings and Investment Options: Olympus Pay may offer savings products, interest-bearing accounts, or investment     options under separate terms. These products will be subject to specific     terms and conditions, including risks associated with investment products.

‍Availability of Services: Not all Services may be available in all regions, and certain services may be limited based on     regulatory or legal requirements. Olympus Pay reserves the right to limit or discontinue any services at its discretion.

‍Limitation of Liability forServices: While Olympus Pay strives to offer reliable and secure financial services, we do not guarantee the availability, uninterrupted operation, or error-free performance of the Services. Olympus Pay is not liable for any loss, damage, or inconvenience arising from service interruptions, failures, or limitations on the availability of certain services.

4. Fees and Charges

‍Olympus Pay may charge various fees in connection with the use of its Services. These fees are intended tocover the operational costs associated with processing transactions, currency conversions, and other financial services. All fees will be clearly disclosed to you prior to initiating any transaction or service, and by using theServices, you acknowledge and agree to pay the applicable fees.

‍4.1 FeesThe following are examples of fees that may apply to certain transactions or services. These fees are subject to change, and specific fees will be communicated to you at the time you request the relevant service or transaction:

‍Transfer Fees:   Olympus Pay may charge fees for sending or receiving funds, particularly for cross-border transactions or transactions that involve third-party financial institutions. These fees may vary depending on the destination country, transaction amount, and method of transfer. The specific fee structure for each transaction will      be displayed to you prior to completing the transfer.  For cross-border transfers, fees may include transaction fees imposed by Olympus Pay, as well as any additional fees or charges imposed by intermediary banks, payment networks, or third-party service providers.  

‍Currency Conversion Fees:  When exchanging one currency for another (e.g., when transferring funds between users in different countries or when      making purchases in foreign currencies), Olympus Pay may charge a currency      conversion fee. This fee will include a margin on the exchange rate, in addition to any fees assessed by external payment networks or financial institutions.  The specific exchange rate and margin applied to      your transaction will be displayed prior to confirmation. You acknowledge      that exchange rates can fluctuate, and the rate applicable at the time of      the transaction will be final.  

‍Withdrawal Fees:   If you wish to transfer funds from your Olympus Pay account to a linked bank account or external payment provider, a withdrawal  fee may apply. The fee for withdrawals will vary based on the      withdrawal method, destination, and the amount being withdrawn.  Withdrawal fees may also apply to the use of the      Olympus Pay Card, particularly for ATM withdrawals, and may  include both Olympus Pay-imposed fees as well as fees charged by the ATM      owner or financial institution.  

‍Other Service Fees:

‍Account Maintenance Fees: Olympus Pay may  charge a maintenance fee for keeping your account active, which will be      clearly disclosed at the time of account opening or service subscription.  

‍Card-Related Fees: Fees for requesting,  activating, and using the Olympus Pay debit card, including activation      fees, replacement card fees, and foreign transaction fees, will be disclosed during the card issuance process.  

‍Bill Payment Fees: For using Olympus Pay to pay bills or make recurring payments, fees may apply, depending on the      service provider and payment method. These fees will be disclosed at the      time of the transaction.  

‍Penalty Fees: Olympus Pay may impose penalty     fees for activities such as exceeding transfer limits, insufficient funds     to cover transaction fees, or failure to comply with account terms. These fees will be disclosed in advance and will apply according to the terms of     the specific service.

‍Other Third-Party Fees: In addition to Olympus  Pay's fees, you may be subject to fees imposed by third parties involved     in processing your transactions, such as banks, payment processors, or ATM  providers. These third-party fees are not controlled by Olympus Pay and   will be communicated to you by the relevant third party at the time of the     transaction.

‍Fee Disclosure: All applicable fees will be clearly displayed in the Olympus Pay app or website when initiating a transaction. You will be notified of any fees prior to confirming the transaction. By proceeding with the transaction, you acknowledge and agree to pay the applicable fees.


4.2 Fee Changes

‍Olympus Pay reserves the right to modify, update, or introduce new fees at any time, subject to the following terms:

‍Notification of Changes: We will provide you  with reasonable notice of any changes to our fees through the following     channels:  

‍In-App Notification: You may receive an  in-app notification outlining any changes to fees applicable to your      account or services.  

‍Email Notification: We will send you an email notification regarding any material changes to the fee structure,      including new fees or increases in existing fees.  

‍Updated Fee Schedule: Any changes will be  reflected in an updated fee schedule available through the app or on our      website, and will be effective on the date specified in the notification.  

‍Timing of Fee Changes: Changes to fees will generally apply to transactions or services initiated after the effective     date of the fee change. In the case of existing transactions or services     in progress, the fees applicable at the time of initiation will apply.

‍Right to Reject: If you do not agree to any  revised fees, you have the right to close your Olympus Pay account at any     time prior to the implementation of the fee changes. Continued use of the     Services after the effective date of the changes will constitute your     acceptance of the updated fees.

‍Transparency: We are committed to transparency in our fee structure. Any changes to fees will be made in compliance with applicable regulations and will be communicated in a clear and timely manner.

‍Limitation of Liability for Fees: Olympus Pay strives to ensure that all fees are accurately calculated and disclosed, but we are not responsible for any third-party fees or for any discrepancies that may occur due to errors outside our control. If you have questions about fees or believe that a fee has been charged incorrectly, please contact our customer support team. 

‍5. Prohibited ActivitiesOlympus Pay is committed to providing a secure, legal, and efficient financial service platform for its users. You agree not to use Olympus Pay’s services ("Services") for any activity that is illegal, harmful, or violates the integrity of the platform.Specifically, you agree not to engage in any of the following prohibited activities, whether directly or indirectly, through the use of the Services:

‍5.1 Illegal ActivitiesYou shall not use Olympus Pay for any illegal purposes or activities, including but not limited to:

‍Money Laundering: Engaging in or facilitating     money laundering, including the concealment, transfer, or transformation     of funds derived from criminal activities.

‍Terrorist Financing: Using Olympus Pay to  finance, support, or facilitate terrorism or any related activities,     including providing resources to terrorist organizations or individuals involved in terrorist activities.

‍Fraudulent Activities: Engaging in fraud,  including the use of false identities, misrepresentation, or deceitful     conduct to obtain financial benefits or services from Olympus Pay or its     users.

‍Selling or Purchasing Illegal Goods or Services:  Transacting, promoting, or facilitating the sale or purchase of goods or     services that are illegal under any applicable law or regulation,     including counterfeit items, controlled substances, or illicit products.

‍Prohibited Financial Transactions: Engaging in     transactions that involve gambling, money transfers for illicit purposes,     or any form of financial activity that violates local or international     financial laws or regulations.


5.2 Harmful or Abusive Conduct You agree not to use Olympus Pay to engage in the following forms of harmful or abusive behavior:

‍Harassment or Threatening Behavior: Using Olympus Pay’s platform to harass, intimidate, or threaten other users,     employees, or any third parties.

‍Abusive or Offensive Content: Uploading or  sharing content that is abusive, discriminatory, defamatory, harmful, or     offensive, including content that promotes hate speech, violence, or discrimination based on race, gender, religion, sexual orientation, or     other protected categories.

‍Abuse of Customer Support: Engaging in abusive behavior toward Olympus Pay’s customer support team or representatives,     including making unreasonable demands, using offensive language, or  attempting to manipulate or coerce support staff.

‍5.3 Activity That Damages Olympus Pay’s Platform Integrity

‍You agree not to engage inactivities that could damage, disable, or impair the functioning of OlympusPay’s platform, including but not limited to:

‍Platform Interference: Interfering with the     operation or security of Olympus Pay’s platform, including attempts to     reverse-engineer, manipulate, or disrupt the functioning of the Services     or the infrastructure supporting the platform.

‍Unauthorized Access: Attempting to gain     unauthorized access to other users’ accounts, Olympus Pay’s internal     systems, or any third-party systems linked with Olympus Pay through     unauthorized means, including but not limited to hacking, phishing, or     social engineering attacks. Bots and Automation: Using automated systems,     scripts, or bots to create accounts, perform transactions, or manipulate     any part of Olympus Pay’s platform or its associated services.

‍5.4 Third-Party Services and API Restrictions

‍Olympus Pay may offer access to third-party services or external applications ("Third-PartyServices") via APIs or other integration mechanisms, such as payment processors, banks, and other service providers. In addition to the above prohibitions, you agree to comply with the terms and conditions of theseThird-Party Services and recognize the following:

‍Third-Party Approval: When you use Olympus Pay     to interact with Third-Party Services, you acknowledge that your access to  these services may be subject to approval or consent from the third-party  service provider. If a third-party provider does not approve of your  account or activity, Olympus Pay reserves the right to restrict or     terminate your access to the relevant service, even if the third-party     decision is based on its own internal policies, legal obligations, or     regulatory requirements.

‍Notification of Third-Party Restrictions: In     the event that a third-party service provider denies or restricts your     access to their services through Olympus Pay, we will notify you promptly     of the decision and the reason, where possible. You agree to cease using     the Services if you receive notification that a third-party provider has     disapproved of your account or activities.

‍Compliance with Third-Party Terms: You  acknowledge that using third-party services through Olympus Pay requires     compliance with the terms and conditions of the respective third-party     providers, and that any violations of these terms may result in the     suspension or termination of access to both Olympus Pay’s Services and the     third-party service. These third-party terms are made available to you and     are incorporated by reference into this agreement. You are responsible for     reviewing and adhering to them.

‍Third-Party Termination: If Olympus Pay is     notified that your use of Third-Party Services violates the third-party’s     terms, Olympus Pay may terminate or suspend your access to the affected     service or feature, even if no violation of Olympus Pay’s Terms and     Conditions has occurred. You agree to indemnify Olympus Pay from any     liability arising from your violation of any third-party service terms.

5.5 Consequences of ViolatingProhibited Activities

‍If you violate any of the prohibited activities outlined in this section, Olympus Pay reserves the right to take immediate action, which may include, but is not limited to:

‍Suspension or Termination of Account: Olympus Pay may suspend or permanently terminate your account, services, or access     to the platform, either temporarily or permanently, depending on the severity of the violation.

‍Reporting to Authorities: If we detect illegal activity or activities that may be harmful to other users or Olympus Pay’s     platform, we may report such activities to relevant authorities, including  law enforcement, financial regulatory bodies, and other government     entities, as required by applicable laws and regulations.

‍Financial Penalties: You may be liable for any  damages, fees, or penalties incurred as a result of engaging in prohibited     activities, including any legal costs or fines imposed by regulatory   authorities. Olympus Pay may seek to recover these costs from you.

‍Legal Action: In cases where a violation     involves fraud, money laundering, terrorist financing, or other criminal     activity, Olympus Pay may pursue legal action, including criminal     prosecution, in accordance with applicable laws.

‍5.6 Acknowledgement andAgreement

‍By using Olympus Pay’s Services, you acknowledge that you have read, understood, and agree to comply with theseProhibited Activities terms. You also agree that Olympus Pay has the right to investigate any suspected or alleged violations of these terms and take appropriate actions, including restricting or terminating access to the platform and reporting any illegal activities to relevant authorities.

‍Limitation of Liability forProhibited Activities:

Olympus Pay is not liable for any damages, losses, or costs arising from your violation of the prohibited activities outlined in this section, including but not limited to the suspension or termination of your account, restrictions imposed by third-party service providers, or any legal actions resulting from your misconduct. 

‍6. Privacy and Data ProtectionAt Olympus Pay, we take your privacy and the security of your personal information very seriously. ThisPrivacy and Data Protection section outlines how we collect, use, store, and share your personal data, as well as your rights regarding that data. By using our Services, you acknowledge and agree to the practices described in this section and in our Privacy Policy, which complies with applicable data protection laws, including the UK Data Protection Act 2018 and the GeneralData Protection Regulation (GDPR).

‍6.1 Privacy PolicyOlympus Pay is committed to protecting your privacy and ensuring the security of your personal information.Our Privacy Policy, which forms part of these Terms and Conditions, explains in detail how we collect, use, and protect your personal data when you interact with our Services. This includes:

‍Types of Data We Collect: We collect personal  information necessary to provide our Services, such as your name, address,     date of birth, contact details, identification documents, financial     details, and transaction history. We may also collect additional data to     verify your identity, protect your account, and ensure compliance with     applicable financial and regulatory requirements.

‍Purpose of Data Processing: We process your     personal data for specific purposes, including but not limited to:   Providing, managing, and improving our Services.  Verifying your identity and preventing fraud.  Complying with anti-money laundering (AML) and      counter-terrorism financing (CTF) regulations.  Communicating with you, including for customer      support and account notifications.  Meeting our legal obligations, including reporting      to regulatory bodies or law enforcement agencies.  

‍Lawful Basis for Data Processing: We process     your personal data based on lawful grounds, including the necessity of     processing to perform a contract with you (e.g., providing our financial     services), complying with a legal obligation (e.g., regulatory     compliance), and obtaining your consent where required (e.g., marketing     communications). Data Retention: We retain your personal data     only for as long as necessary to fulfill the purposes for which it was     collected, or as required by law or regulation. We will securely delete or     anonymize your data once it is no longer needed.

By using Olympus Pay’s Services, you consent to the collection, storage, and processing of your personal data in accordance with our Privacy Policy and applicable data protection laws. You have the right to withdraw your consent at any time, subject to our legal obligations or contractual requirements.

‍6.2 Data Sharing

‍Olympus Pay may share your personal data with trusted third parties for specific purposes as outlinedbelow. We ensure that any third parties with whom we share your data adhere to applicable data protection laws, including GDPR and the UK Data Protection Act2018, and we take appropriate steps to protect your data. The purposes for which we may share your data include:

‍Processing Payments: To facilitate payments,  transfers, or other financial transactions, we may share your personal     data with third-party payment processors, financial institutions, banks, or payment service providers. These third parties are obligated to handle     your data securely and in compliance with applicable laws.

‍Regulatory Compliance: We may be required to     share your data with regulatory authorities, law enforcement agencies, or     other government bodies as part of our compliance with legal obligations,     including anti-money laundering (AML) and counter-terrorism financing     (CTF) regulations. This may also include reporting suspicious activity or     cooperating in investigations related to financial crime.

‍Service Providers: We may engage trusted     third-party vendors or service providers to help us deliver our Services     to you, such as cloud hosting providers, identity verification services,     and customer support platforms. These service providers are carefully     selected and are required to comply with data protection laws in their     handling of your personal data.

‍Business Transfers: In the event of a merger,     acquisition, or sale of all or part of Olympus Pay’s assets, your personal     data may be transferred as part of the transaction. We will notify you in     advance of any such transfer and provide you with the opportunity to     exercise your data protection rights.

‍Data Processors: Any third parties that     process your data on our behalf (e.g., payment processors, IT service     providers) will do so only under our instructions and in accordance with a     data processing agreement. These third parties will be bound by     contractual obligations to ensure the security and confidentiality of your  personal data.We will never sell or rent your personal data to any third parties for their marketing purposes.

‍6.3 Your Data ProtectionRights

‍As a data subject, you have certain rights under UK and EU data protection laws, including:

‍Right to Access: You have the right to request     a copy of the personal data we hold about you and to verify the accuracy     and processing of that data.

‍Right to Rectification: You have the right to request     that we correct any inaccuracies in your personal data or update it if it     is incomplete.

‍Right to Erasure: In certain circumstances,     you may have the right to request that we erase your personal data. This     is not an absolute right, and we may retain data where required by law or     for legitimate business purposes.

‍Right to Restrict Processing: You may request that we limit the processing of your personal data in certain situations,     such as when you contest the accuracy of the data or object to the processing.

‍Right to Object: You have the right to object to the processing of your personal data for direct marketing purposes or,  in certain circumstances, based on our legitimate interests.

‍Right to Data Portability: You may request a  copy of your personal data in a structured, commonly used, and     machine-readable format, and transfer it to another data controller, where applicable.

‍Right to Withdraw Consent: Where we process your personal data based on your consent, you may withdraw that consent at  any time. Withdrawing consent will not affect the lawfulness of processing     based on consent before its withdrawal.To exercise any of your data protection rights, please contact us using the details provided in Section 11of these Terms and Conditions. If you are dissatisfied with the way we handle your data, you also have the right to lodge a complaint with the Information Commissioner’s Office (ICO), the UK’s independent authority for data protection.

‍6.4 International DataTransfersOlympus Pay may transfer your personal data to countries outside the UK or European Economic Area (EEA) for the purposes described in this Privacy and Data Protection section. In such cases, we ensure that appropriate safeguards are in place to protect your data, such as the use of standard contractual clauses or other mechanisms approved by the UK or EU authorities.

Data Security: We use a range of technical and organizational measures to ensure the security of your personal data, including encryption, firewalls, secure access controls, and regular security audits. However, no data transmission or storage system can be guaranteed to be 100% secure, and we cannot guarantee the security of data sent through the internet.‍

7.1 No Warranty
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Olympus Pay provides its services ("Services") on an "as-is" and "as-available"basis. To the fullest extent permitted by applicable law, we make no representations, warranties, or guarantees, whether express, implied, statutory, or otherwise, regarding the functionality, availability, or performance of the Services. This includes, but is not limited to:

‍Functionality and Performance: We do not warrant that the Services will meet your requirements, be uninterrupted,     secure, or free from errors, defects, or inaccuracies.

‍Accuracy of Information: While Olympus Pay takes reasonable steps to ensure that all information provided via the     Services is accurate and up-to-date, we do not guarantee the accuracy,     completeness, or reliability of any content or services provided through     the platform.

‍Service Availability: We do not guarantee that  access to the Services will be continuous, timely, secure, or error-free.     Temporary disruptions or outages may occur due to maintenance, technical     issues, or third-party services, and we disclaim any responsibility for     such interruptions.

‍Non-Infringement: We do not warrant that the     use of the Services will not infringe upon the intellectual property     rights of third parties, and Olympus Pay is not responsible for any such     infringement.Nothing in these Terms andConditions excludes or limits any warranty or liability that cannot be excluded or limited under applicable law, including the Consumer Rights Act 2015 and other relevant UK consumer protection laws.

‍7.2 Limitation of Liability

‍To the maximum extent permitted by applicable law, Olympus Pay shall not be liable for any of the following types of damages arising out of or in connection with your use or inability to use the Services, even if Olympus Pay has been advised of the possibility of such damages:

‍Indirect, incidental, or consequential damages:  This includes, but is not limited to, any loss of revenue, profit, or     business opportunities, loss of data, or business interruption, arising     from the use or inability to use the Services.

‍Special or punitive damages: We shall not be     liable for any special, punitive, or exemplary damages, even if such     damages are incurred as a result of negligence, wrongful acts, or breach     of contract.

‍Loss of use: We are not liable for any failure or delay in performance of the Services, including any delay in the     processing of payments or transactions, resulting from technical failures,  network disruptions, force majeure events (such as natural disasters), or     issues arising from third-party providers.

‍Data or Account Loss: Olympus Pay shall not be     liable for any loss of data, unauthorized access to your account, or the     actions of unauthorized third parties affecting your account. While we     take reasonable security measures, you are ultimately responsible for     maintaining the confidentiality of your account information.This limitation of liability applies to all claims arising from or related to the Services, whether based in contract, tort (including negligence), strict liability, or otherwise, and even if we are advised of the possibility of such damages.

‍7.3 Third-Party ServicesOlympus Pay may integrate with, or allow access to, third-party services, such as financial institutions, payment providers, and other service providers ("Third-PartyServices"). These services may be accessed or used by you in connection with the use of the Services. However, the following applies:

‍No Control Over Third-Party Services: Olympus     Pay does not control, endorse, or guarantee the performance, quality, or     reliability of any Third-Party Services. We make no representations or     warranties regarding the security, legality, or appropriateness of     third-party services, and we are not responsible for the actions,     omissions, or performance of these third parties.

‍Third-Party Terms and Conditions: When using     Third-Party Services, you will be subject to the terms and conditions of     the respective third-party provider. It is your responsibility to review     and accept the terms of use of any third-party service before using them.     Any dispute, issue, or claim related to Third-Party Services must be     addressed directly with the third-party provider.

‍Responsibility for Third-Party Actions:  Olympus Pay shall not be held responsible for any harm, loss, or damages     arising from your use of Third-Party Services. This includes any loss of funds, unauthorized transactions, or issues resulting from failures or     disruptions in third-party services or integrations.

‍Integration with Third-Party APIs: In cases where Olympus Pay provides access to Third-Party Services via APIs or     other integration methods, we disclaim liability for any failures, delays, or errors caused by the third-party service, including issues relating to  the functionality, security, or performance of the third-party API or service.In the event of any problem or issue arising with a Third-Party Service, you agree to directly contact the third-party service provider to resolve the issue. Olympus Pay is not liable for any inconvenience, financial loss, or disruption caused by third-party actions.

‍Indemnification: You agree to indemnify and hold Olympus Pay harmless from any claims, damages, losses, or liabilities arising from your use of the Services, including your interaction with Third-Party Services. This includes any legal costs incurred by Olympus Pay in defending claims arising from your breach of these Terms and Conditions.

‍General Disclaimer: While we make every effort to provide a secure and functional service, you understand and agree that your use of the Services is at your own risk. Olympus Pay will not be held responsible for any loss, harm, or damage that arises from the use or misuse of the Services, except to the extent required by law. 

‍8. Account Suspension and Termination

8.1 Account Suspension

‍Olympus Pay reserves the right to suspend, restrict, or otherwise limit your access to your account at anytime, at our sole discretion, and without prior notice, if we suspect or detect any of the following:

‍Breach of Terms and Conditions: If we suspect  that you have violated these Terms and Conditions, including any of the Prohibited  Activities outlined in Section 5, we may suspend or restrict your  account to prevent further violations or harm to the platform.

‍Fraudulent or Suspicious Activity: If we detect fraudulent, suspicious, or unauthorized activity on your account,     including but not limited to money laundering, identity theft,  or other forms of financial fraud, we may suspend your account immediately     to investigate the matter.

‍Regulatory Compliance: If we are required to  suspend your account to comply with applicable laws or regulatory     requirements, such as anti-money laundering (AML) or counter-terrorism financing (CTF) laws, we may do so without prior notice.

‍Security Risks: If we determine that your  account has been compromised or is at risk of being compromised (e.g., due to a data breach or unauthorized access), we may suspend your account to  protect your personal and financial information, and to ensure the     security of the platform.

‍Notification of Suspension:While we reserve the right to suspend or restrict your account without prior notice in situations where immediate action is necessary to protect Olympus Payor comply with legal requirements, we will endeavor to notify you promptly of any account suspension or restriction, unless prohibited by law or regulatory authorities.

‍Effect of Suspension:During the suspension period, you may be unable to access certain Services, initiate transactions, or perform other account activities. Any suspended account may be reactivated at our sole discretion, upon resolution of the issue that led to the suspension. 

‍8.2 Account TerminationYou may close your Olympus Pay account at any time by submitting a request to us through our customer support channels. Upon account termination, the following will apply:

‍Termination by User: If you choose to close your account, you will need to follow our account closure process, which    may require you to clear any pending transactions, withdraw any remaining funds, and settle any outstanding fees. After the termination, your access     to the Services will be permanently revoked, and your data will be subject     to the data retention and deletion provisions outlined in our Privacy  Policy.

‍Termination by Olympus Pay: We may terminate your account at any time, with or without notice, if:  

‍Breach of Terms and Conditions: If we find      that you have violated any of these Terms and Conditions, including     committing prohibited activities (as detailed in Section 5), we  may terminate your account immediately.  

‍Fraud or Illegal Activity: If your account   is involved in fraudulent activities, money laundering, terrorist      financing, or other illegal activities, we may terminate your account in  compliance with applicable legal or regulatory obligations.  
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‍Non-Compliance with Legal Requirements: If required by law, regulation, or court order, we may terminate or restrict your access to the Services. This may include situations where continuing      to offer the Services to you would violate applicable laws or where we      are required to block or close accounts due to sanctions, embargoes, or      other regulatory directives.  

‍Security or Operational Concerns: If we  determine that your account poses a security risk to Olympus Pay or other      users, or if we encounter technical, operational, or compliance-related      issues that cannot be resolved, we reserve the right to terminate your  account.  

‍Outstanding Obligations: Upon termination of     your account, you will remain responsible for any outstanding fees,   charges, or obligations incurred prior to termination. Any balance     remaining in your account after termination may be subject to withdrawal     fees, and we may retain certain information for legal, regulatory, or     operational purposes, as specified in our Privacy Policy.

‍Effect of Termination:Upon termination of your account, your access to the Olympus Pay platform andServices will be permanently revoked. You will no longer be able to send or receive money, access your account balance, or use any other services associated with your account. You may request a final statement of your account and withdraw any remaining funds, subject to our withdrawal policies and any applicable fees. 

‍8.3 Consequences of Account Suspension or Termination Data Retention: Even after suspension or termination, Olympus Pay may retain certain data related to your account, transactions, or interactions with the Services, as necessary for legal, regulatory, fraud prevention, and record-keeping purposes. Such data will     be handled in accordance with our Privacy Policy.

‍Impact on Access: If your account is suspended     or terminated, you may lose access to any outstanding balance, pending     transactions, or linked third-party services (such as debit cards or     payment providers). It is your responsibility to ensure that all funds are     withdrawn or transferred before termination, where applicable.

‍No Liability for Termination or Suspension: Olympus Pay will not be liable for any loss, damage, or inconvenience     resulting from the suspension or termination of your account, except as     required by law. This includes any potential loss of data, access to  services, or third-party services integrated with your account.

‍Dispute Resolution: If your account is     suspended or terminated, and you believe that the action was taken in     error or unjustly, you may contact Olympus Pay’s customer support team to     resolve the issue. We will review your case and, if applicable, provide     information about the reason for the suspension or termination. In the     event of unresolved disputes, the process outlined in Section 9 ("Dispute Resolution") will apply.

‍Limitation of Liability forAccount Suspension or Termination: Olympus Pay will not be liable for any direct, indirect, incidental, special, or consequential damages resulting from the suspension or termination of your account, including but not limited to loss of access to funds, loss of business, or reputational harm. 

‍9. Governing Law and DisputeResolution

9.1 Governing LawThese Terms and Conditions("T&C") and any disputes arising under, in connection with, or related to these T&C shall be governed by and construed in accordance with the laws of England and Wales. Jurisdiction: You agree that any disputes, claims, or legal proceedings arising from or in connection with these     T&C, or the use of Olympus Pay’s services, shall be subject to the     exclusive jurisdiction of the courts located in London, England, or     such other jurisdiction as Olympus Pay may determine in its sole     discretion.

‍Contractual Relationship: By using Olympus Pay’s services, you acknowledge that you are entering into a contractual relationship governed by the laws of England and Wales, and you consent to     the jurisdiction of the English courts for the resolution of any legal     disputes.This provision does not limit your rights as a consumer under applicable laws in your jurisdiction, which may grant you the ability to pursue claims in another forum. 

‍9.2 Dispute ResolutionIn the event of any dispute, controversy, or claim arising from or relating to these T&C, your use of the Services, or any breach of these T&C, we encourage you to first contact us directly to attempt to resolve the issue informally. Our customer support team is available to address any concerns, and we aim to provide a resolution that is fair and satisfactory to all parties involved.If a dispute cannot be resolved through informal communication or customer support channels, we offer the following alternative dispute resolution processes:

‍Arbitration: Any unresolved disputes shall be  referred to and finally resolved by binding arbitration under the     rules of the London Court of International Arbitration (LCIA) or  another arbitration provider mutually agreed upon by the parties. The     arbitration proceedings shall be conducted in London, England, and     the language of the arbitration shall be English.  

‍Arbitration Process: The arbitration shall be conducted by a sole arbitrator, and the decision of the arbitrator      shall be final and binding on both parties. Each party shall bear its own  costs and expenses associated with the arbitration unless the arbitrator      orders otherwise.  

‍No Class Action: Any arbitration under these  T&C shall be conducted on an individual basis. You may not bring a     claim as a plaintiff or a class member in any class or representative      action.  

‍Mediation: Before proceeding to arbitration,     either party may request mediation to resolve the dispute. Mediation will  be conducted by a neutral mediator chosen by both parties. If the dispute     is not resolved through mediation, either party may then proceed to     arbitration as outlined above.

‍Exclusion from Arbitration and Mediation: This dispute resolution process does not preclude Olympus Pay from seeking     injunctive or equitable relief in any court of competent jurisdiction,     where necessary, to protect its intellectual property or enforce its     rights.

‍Governing Rules: The rules and procedures for  arbitration and mediation will be as set forth by the LCIA or another mutually agreed-upon arbitration provider. If there is any     inconsistency between the rules of the selected arbitration provider and     the provisions of these T&C, the provisions of these T&C will     govern.

‍Costs and Fees: Each party will bear its own     costs and expenses associated with dispute resolution, except that the prevailing party in any arbitration or mediation proceeding may be     entitled to recover its reasonable costs, including legal fees, as     determined by the arbitrator or mediator.  

9.3 Consumer Rights

‍Nothing in this section shall limit or affect your statutory rights as a consumer under applicable law. If you are a consumer residing in a jurisdiction that provides you with rights to pursue a claim in your local courts or through a regulatory authority, this section shall not restrict your ability to exercise those rights. 

‍9.4 Exceptions to Dispute Resolution ClauseDespite the provisions of Section9.2, Olympus Pay reserves the right to take legal action in any jurisdiction to prevent or address violations of intellectual property rights, unauthorized use of its services, or violations of applicable laws, including but not limited to fraud, financial crimes, or data breaches. 

‍9.5 Continuation of TermsEven if the dispute resolution processes set out in this section are invoked, the terms of this agreement shall remain in full force and effect, and each party shall continue to be bound by the provisions of these T&C, except as otherwise modified by the outcome of arbitration, mediation, or court order.

‍Limitation on Claims: Any claim, dispute, or action arising from or relating to your use of the Services must be brought within 12 months from the date of the event giving rise to the claim. Any claims brought after this period will be barred. 

‍10. Changes to These Terms

10.1 Right to Modify Olympus Pay reserves the right, at its sole discretion, to update, modify, amend, or revise these Terms andConditions ("T&C") at any time and for any reason. These changes may be necessary to reflect changes in our services, applicable laws, regulations, or industry standards.

‍Reasons for Changes: Updates may occur due to  various factors, including but not limited to:   Regulatory or legal changes that impact the      operation of our Services.  Improvements or changes to the Services, features,      or products we offer.  Security updates or enhancements.  Clarifications or adjustments to existing terms for      better transparency or compliance with applicable law.

‍10.2 Notification of ChangesWe are committed to ensuring that you are informed of any material changes to these T&C. If we make changes that significantly affect your rights or obligations, we will notify you in the following ways:

‍In-App Notification: You may receive an in-app     notification detailing the changes to the T&C when you log into your     Olympus Pay account.

‍Email Notification: We will send an email to     the address registered on your account, informing you of material changes.     The email will summarize the key updates and their impact on your use of  the Services.

‍Website or App Updates: We may also post the  updated T&C on our website or app, with the updated version date     clearly indicated. You are encouraged to review the updated T&C  whenever you use the Services.

‍Material Changes: For the purposes of this section, a material change is defined as any update that alters your rights or obligations under these T&C, including but not limited to changes in the pricing structure, data processing practices, dispute resolution procedures, or termination conditions.

‍10.3 Acceptance of UpdatedTermsBy continuing to use OlympusPay’s Services after such changes are posted or communicated to you, you indicate your acceptance of the revised T&C. If you do not agree with the updated T&C, you must cease using the Services and close your account in accordance with Section 8 ("Account Suspension and Termination").

‍Right to Reject: If you do not agree to the     updated terms, you may contact our customer support team to request the  closure of your account and withdraw any remaining balance, subject to     applicable withdrawal policies and fees.

‍Effective Date: The updated T&C will     become effective on the date specified in the notice, email, or in-app     communication. Your continued use of the Services after that date will     constitute your agreement to the revised terms.

10.4 Limited Impact of Changes Non-Material Changes: If the changes are  non-material, such as minor clarifications or adjustments that do not     affect your rights or obligations, we may not be required to notify you  individually. However, the updated T&C will be posted on our website or within the app, and your continued use of the Services will signify     your acceptance of those changes.

‍Review of Terms: We encourage you to  periodically review these T&C and any associated policies to stay     informed of any changes. Your continued use of the Services is conditioned     on your understanding and acceptance of the most current version of these  T&C.

‍10.5 No Retroactive Application

‍Any changes made to these T&C will apply only to future actions. The updated terms will not retroactively affect your past use of the Services, unless explicitly stated otherwise. For example, if there is a change to transaction fees or data processing practices, those changes will only apply to future transactions or activities after the effective date.

‍10.6 Additional Terms and ModificationsFrom time to time, Olympus Pay may introduce additional terms and conditions that apply to specific Services, promotions, or products. These additional terms will be clearly presented to you and will be incorporated by reference into these T&C. In the event of a conflict between the general T&C and any additional terms, the specific terms related to the relevant service or product will prevail.Limitation of Liability:Olympus Pay will not be liable for any damages or losses resulting from your failure to review the updated T&C, including situations where you continue using the Services after changes have been made. It is your responsibility to stay informed of any updates. 

‍11. Contact Information

‍If you have any questions or concerns regarding these T's&C's, please contact us at:

‍Olympus Pay Support Team
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Email: support@olympuspay.co
Website: www.olympuspay.co