What amount of funds are safeguarded by Remitix Limited to the benefit of our customers?

• Remitix Limited safeguards only the amount paid by you for remittance to a recipient, for the benefit of its customers, until the recipient receives payment of / collects the amount.

• For purposes of Regulation 23 of the Payment Services Regulations 2017, Remitix Limited regards the amount paid by you for remittance to a recipient, as “relevant funds” for purposes of safeguarding until payment of such funds has been made to, or collection of such funds has occurred (as the case may be), by the recipient.