Region specific Terms - Hong Kong
Effective from 15 September 2026
1. Supplement to the Master Terms
1.1. Supplement. These Region Specific Terms for Statrys Limited (“Hong Kong Terms”) supplement the Master Terms relating to the use of the Basic Services. These Hong Kong Terms, together with the Master Terms govern the use of Basic Services by you, where you are a Statrys Hong Kong Customer. Unless otherwise defined in these Hong Kong Terms, all capitalised terms have the meaning given in the Master Terms
1.2. Effect. You agree that these Hong Kong Terms supplement the Master Terms and the terms set out in these Hong Kong Terms will have immediate effect. Except as specifically set out in these Hong Kong Terms, the Master Terms remain unmodified and in full force and effect
1.3. Conflict of terms. These Hong Kong Terms will prevail over the Master Terms to the extent of any inconsistency. Please read these Hong Kong Terms and the Master Terms carefully.
1.4. Consistent references. For ease of reference, the same headings and titles of the sections in these Hong Kong Terms follows the headings and titles of the clauses of the Master Terms which are being amended, to the extent that it amends an existing clause.
2. Scope of the Sign Terms
2.1. Statrys Hong Kong Customers. These Hong Kong Terms apply to the Basic Services offered to you, a Statrys Hong Kong Customer. These Hong Kong Terms are legally binding on you. You are responsible for ensuring that each User reads and understands these Hong Kong Terms.
2.2. Contracting entity. The Basic Services are offered to you by Statrys Limited, which is a company incorporated in Hong Kong with company number 2724557 and whose registered office is at Unit B, 19/F, Golden Star Building, 20-24 Lockhart Road, Wanchai, Hong Kong. Statrys Limited is a licensed money service operator (license number: No. 19-02-02726) supervised by the Customs and Excise Department under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615 of the laws of Hong Kong) (“AMLO”).
2.3. We are not a bank. Using the Basic Services is not the same as depositing funds and making transfers to and from a bank account. Your Virtual Business Account is not a bank account and does not have any features or functions of a savings or current or multi-currency bank account. . Statrys Limited does not provide any stored value facility, and your Virtual Business Account has no stored value function. Your funds are not covered by the Deposit Protection Scheme under the Deposit Protection Scheme Ordinance (Chapter 581 of the laws of Hong Kong).
3. Services
3.1. The Basic Services are provided to you as described in the Schedules to the Master Terms, as amended and supplemented by these Hong Kong Terms including Schedule 1 (Collection Services).
4. Fees
4.1. Fee payment. You must pay us all applicable Fees before the due date, as set out on our pricing page. Taxes imposed on the Fees, if any, are your responsibility and will be paid by you.
5. Other legal bits
5.1. Governing Law. These Hong Kong Terms and the Master Terms (to the extent that they relate to you) shall be governed by the laws of Hong Kong S.A.R.
5.2. Disputes. If a dispute or claim is still not resolved through amicable negotiation (including any dispute on the existence, validity or termination of these Terms), you irrevocably consent to the matter being referred to and finally resolved by arbitration in Hong Kong administered by the Hong Kong International Arbitration Centre (“HKIAC”). If any dispute is submitted to the HKIAC for arbitration, the arbitration shall be conducted in accordance with the Arbitration Rules of the HKIAC (HKIAC Rules) in force at the time of applying for arbitration, which rules are deemed to be incorporated by reference in this paragraph. The seat of the arbitration shall be Hong Kong. The arbitration panel shall consist of one single arbitrator. Unless the parties agree otherwise, the arbitration shall be conducted in English. The arbitration award rendered by the HKIAC shall be final and binding on all the relevant parties.
5.3. No third-party benefit. These Hong Kong Terms do not intend to confer any benefit on any third party and no third party shall have the right to enforce these Hong Kong Terms under the Contracts (Rights of Third Parties) Ordinance (Chapter 623 of the laws of Hong Kong) or otherwise.
6. Amending these Terms
6.1. For the avoidance of doubt, these Hong Kong Terms may be amended as set out in the Master Terms.
7. Your funds
7.1. How we hold your funds. We hold your funds only for the purpose of providing the Basic Services and only until your Payment, Exchange and other instructions are executed and settled, and we repay them at their face amount, without any premium or other return. We may hold funds received for or on behalf of our customers (including your balances) with banks and other financial institutions, in and outside Hong Kong, including in pooled accounts. If any interest arises on those funds, it belongs to, and is retained by, Statrys Limited for its own account.
7.2. The institutions we use. In providing the Basic Services, we may hold, move, clear and settle funds through banks and other financial institutions, in and outside Hong Kong, including under correspondent and similar arrangements (including with members of our corporate group). The Collection Instructions we assign to you may relate to accounts we hold with such institutions in or outside Hong Kong. We exercise reasonable care in selecting and periodically reviewing these institutions, having regard to their expertise, licensing status and reputation. Without limiting clause 11 of the Master Terms, we are not responsible for the acts, omissions or delays of any such institution that is not a member of our corporate group. This does not affect our obligation to repay your funds at their face amount under clause 7.1.
8. Cross-currency settlement
8.1. Cross-currency settlement. If you do not hold sufficient funds in the currency of a particular Payment but we have confirmed that the total balance across your Virtual Business Account is sufficient, we may choose to complete the Payment using our own corporate funds (not customer funds) in the currency of that Payment. We will promptly deduct the equivalent amount from your other balances, converting where necessary in accordance with clause 10.2 of the Master Terms and applying clause 10 (Our Right to set-off) of the Master Terms. You authorise us to make those deductions. A cross-currency settlement: (a) is part of executing your Payment instruction in the ordinary course of our payments business, and is not an overdraft, loan, credit line or other credit facility (we are not in the business of lending money); (b) is free of charge, and no interest, fee or charge applies to it; (c) is only available where, and to the extent that, the equivalent amount can be deducted in full from your existing balances, so it creates no debit balance and no amount owing by you; and (d) is only available after we have confirmed that you hold a sufficient total balance across your Virtual Business Account. We are never obliged to provide a cross-currency settlement.
9. Financial crime compliance
9.1. Payment information. To meet our obligations under Hong Kong anti-money laundering and counter-financing of terrorism law (including the AMLO and the guideline issued by the Customs and Excise Department for money service operators), information identifying the payer and the payee is transmitted with each Payment and may be shared with the banks and other institutions that process the Payment and with competent authorities.
10. Definitions
“ Hong Kong” means the Hong Kong Special Administrative Region of the People’s Republic of China.
“ Statrys Hong Kong Customer” and “ you” and “ your” means a company that is established in Hong Kong and such other jurisdictions as set forth in the column headed “Jurisdiction” in Schedule 1 of the Master Terms and that accepts these Hong Kong Terms.
Schedule 1 – Collection Services
1. Source of Funds. You must not transfer any of your own funds or use the Collection Service to receive funds into your Virtual Business Account without a genuine underlying business transaction. If requested, you must promptly provide evidence of the funding source.
2. Collection of funds. The bank where the underlying bank account (“ Bank Account”) is opened does not recognize any person (other than us as the account holder) as having any interest in the Bank Account, and the bank will treat us as the beneficial owner of the monies in the Bank Account.