PayAxis develops software. If payment services become available, regulated financial services would be performed by appropriately licensed providers. This page sets out the intended roles, and how each would be paid. Payments are not currently available through PayAxis.
PayAxis does not receive, hold or control customer money, and does not earn interest on, or use, customer funds. PayAxis has no signing rights, withdrawal rights or independent authority to redirect payments.
PayAxis expects to charge a separately disclosed platform fee if its paid software functionality is launched. No platform fee is currently offered or payable. If payment execution becomes available, regulated payment and foreign-exchange services would be provided by an appropriately licensed provider under that provider’s own agreement. The respective roles, fees and provider charges will be disclosed once the relevant provider arrangements and pricing have been agreed.