Consumer advisory – NIUM Pte Ltd. is currently carrying on business under an exemption granted by the Monetary Authority of Singapore and is currently exempted from holding a licence to provide payment services under the Payment Services Act (No. 2 of 2019). NIUM Pte Ltd. continues to provide such services pursuant to the Payment Services (Exemption for Specified Period) Regulations 2020. VOLOPAY.CO PTE. LTD. is applying for the requisite payment institution licences under the Payment Services Act from the Monetary Authority of Singapore. Visa cards are issued and powered by NIUM Pte Ltd. Consumers and cardholders are advised to read all terms and conditions. NIUM Pte Ltd. is licensed by the Monetary Authority of Singapore to provide cross-border money transfer service.
Please note that this does not mean you will be able to recover all the money you paid to NIUM Pte Ltd. if NIUM Pte Ltd. business fails.