Nuapay Payment Accounts. Nuapay may issue You with one or more Nuapay payment accounts. Nuapay will carry out a number of You due diligence checks based on the information provided by You. Nuapay may export Your Data to external suppliers such as credit reference bureau in order to meet Nuapay’s regulatory requirements in respect of providing the services required by You. Based on the outcome of You due diligence checks Nuapay and/or We may decide not to provide the services requested by You and may not issue a payment account. Nuapay may impose operational limits which may include, but not limited to, limitations on the value or volume of Transactions processed or may require a reserve balance to be held on the issued account. You will be notified should any such limits be required prior to the commencement of the provision of the requested services or any issued account being opened. Nuapay, acting reasonably, and solely in regards the Nuapay Services retains the right to amend or add any limitations applied to the services being used or the use of a Nuapay account at any time. A minimum of two (2) months’ notice will be given to You should such a review impose more restrictive limits, such as a higher minimum balance to be held on the initial account. Where a review produces an outcome which is deemed beneficial to You the revised limits will be applied immediately. You can request a review of any limits at any time. Nuapay and /or We may withdraw access to the Nuapay Services and any Your Nuapay account or modify any limits imposed on this account if any reasonable grounds that Your use of the Services is either inappropriate or unlawful use is detected for example, but not limited to, use of the account for money laundering, terrorist funding, the transfer of money to sanctioned parties, using the service in a way that is not compliant with the Scheme Rules that apply to the payment being processed or using the service in a way that increases the risk of payment failures occurring when compared to the business model agreed at the time of signing this Agreement. Where issued You will operate their Nuapay payment account(s) in line with the following conditions.
