WM Payments, Transfers and Exchanges LLC

WM Payments, Transfers and Exchanges LLC is a registered Non-Bank Financial Institution, registered as a Money Service Business (MSB) – including Money Transmitter services – with Filing Number C1561225, regulated under the US Bank Secrecy Act, and in the process of registering with the US Financial Crimes Enforcement Network (FINCEN). It is registered as providing the following Financial Services:

Registered Non-Bank Financial Institutions, Money Service Businesses and Money Transmitters are – with some variations per State, and during the course of carrying out their primary Financial Services activities – also able to carry out ancillary activities, and to provide ancillary services and products, including the following*:

Providing Merchant Services, Payment Services, Payment Services Provider Services, Transfer Services, Products, Assets, Instruments, Management and Activities, including in and for Physical, Digital, Virtual, Mobile, Internet, Online, Deferred or Agent-Provided format; for the Establishment of, Creation of, Issuance of, Sale of, Purchase of, Acquisition of, Acceptance of, Receipt of, Provision of, Transmission of, Transportation of, Transfer of, Exchanging of, Conversion of, Dealing in and of, Swap of, Cashing of, Holding of, Safekeeping of, Storage of, Management of, Acquisition of, Acceptance of, Execution of, Processing of, Clearance of, Settlement of, Redemption and Marketing of its Products and Services; in and for Open Loops or Closed Loops; using Formal or Informal Value-Transfer Systems; for Local or Cross-Border or International Payments, Transfers, Conversions, Exchanges, Instruments, Assets, Services, Activities, Products, Transactions, Trading, Exchanging and Dealing; of Money, Currencies, Foreign Currencies, Instruments, Assets, Digital Currencies, Virtual Currencies and Cryptocurrencies, Prepaid Credit, Stored Credit or Stored Value; for Instant, Same day, Future or Deferred Acquisition, Processing, Clearance, Settlement, Delivery and Recording; including for the following Products, Assets, Instruments, Activities and Services:

Deposits, Installments, Funds, Money, Money Orders, Electronic Money and Currency, Open and Closed Digital Money and Currency, Open and Closed Virtual Money and Currency, Foreign Money and Currency, Checks, Drafts, Financial Instruments, Negotiable Instruments, Digital Instruments, Virtual Instruments, Cryptocurrencies, Tokens, Fungible Tokens, Non Fungible Tokens, Commercial Paper, Cash, Assets, Equities, Stored Value, Stored Credit, Prepaid Value, Prepaid Credit, Prepaid Instruments, Prepaid Value Instruments, Stored Value Instruments, Stored Credit Instruments, Other Payment Instruments, Prepaid Cards, Cards, Payments, Remittances, Transfers, Wire Transfers, Non-Traditional Transfers, Mobile and Online and Digital Accounts, Mobile and Online and Digital Wallets, Bureaus de Change, ATM Access, Bill Payment, Centralized Finance, Decentralized Finance, Fiat Currency to Virtual Currency Conversions, Virtual Currency to Fiat Currency Conversions, Crowdfunding, Exchanges, Platforms, Marketplaces, Bulletin Boards, Indices, Applications, Blockchain Applications and Products and Services, Distributed Ledger Applications and Products and Services e-Commerce, Agent Networks, Liquidity Provision, Liquidity Pool Provision, OTC Desks, OTC Services, OTC Products, Peer-to-Peer (P2P) Payments and Transfers, Payroll Transfers and Payments, Alternative Payment Methods, Alternative Payment Products, Alternative Transfer Services, Alternative Transfer Products, New Payment Methods, New Payment Services, New Payment Products, New Transfer Methods, New Transfer Services, New Transfer Products, Holding Monetary Value Evidenced by an Electronic Record, Holding Monetary Value Evidenced by a Digital Record, Holding Monetary Value Evidenced by a Mobile Record and other relevant and/or permitted ancillary Services and Activities.

* In some instances, additional authorizations may be required

The Company is a wholly-owned subsidiary of the company Webtel.mobi (Holdings) Limited (the “Holding Company”).

1. The primary application of the Company’s activities and functions are for its respective activities and functions to be automatically segregated, provided and carried out via, and over, the Platform of the Company’s Holding Company – Webtel.mobi (Holdings) Limited – and the Holding Company’s Affiliates (VSMPs). All Services provided by Webtel.mobi (Holdings) Limited and its VSMPs in all respects that are required to be carried out are provided to Members of Webtel.mobi (Holdings) Limited and VSMPs over, and within, the Holding Company’s Closed Loop Members Only Service and Platform. These Services will be and are automatically integrated into the Holding Company’s overall services where appropriate and/or required, and are also automatically integrated with, into or together with the Holding Company’s Specialized Telecommunications services and/or all and any other Services provided over or via the Holding Company and/or its Platform and/or its VSMPs by the Holding Company’s other licensed subsidiaries – which also provide their services over and via the Holding Company’s Platform, in an automatically integrated manner, structure, process and flow with one another.
2. The secondary application of the Company’s Activities and functions are for its respective activities and functions to be provided and carried out to, with or via other entities and/or parties, and/or Correspondent Entities, and/or other relevant joint ventures or activities with other entities may be entered into with third party entities from time to time, on a case by case basis, as approved and authorized by the Holding Company from time to time.
3. The tertiary application of the Company’s activities and functions are for it to – regardless of its capacity and authority to do so itself – on a case by case basis, as authorized or requested by the Holding Company, assist the Holding Company to enter into or acquire related or unrelated facilities or services from third party providers for the Holding Company, or for provision of the Holding Company’s services, by providing the authority to the Holding Company for these relationships and services to be entered into by, or obtained for, the Holding Company, in the Company’s capacity as a wholly-owned subsidiary of the Holding Company.