Legal Agreements

These legal agreements and notices provide terms concerning VelesPay particular services.
We recommend all our users to read these terms of use carefull.

Consumer advisory - The VelesPay payment service is regarded as a stored value facility under Singapore law.


Union Financial Services Pte. Ltd. (reg. no. 201732659E), (hereinafter VelesPay) is a holder of the stored value facility, does not require the approval of the Monetary Authority of Singapore, and is operating also a payment service and accounting center.


Union Financial Services Ltd. (reg. no. 155,695), Belize, is an operation clearing center.