You can make payments from your Mox Account in Hong Kong dollars by:
(a) making a purchase using your Mox Card, online or in person, in Hong Kong or overseas, where Mastercard is accepted;
(b) using the Mox app to:
(c) using your Mox Card at any Hong Kong JETCO ATM with the ‘Interbank Transfer’ logo to transfer money to another Hong Kong bank account held with a JETCO member bank that supports the inter-bank transfer service (“JETCO Participating Bank”), with the receiving bank account number.
You can make payments from your Goal accounts in Hong Kong dollars by using the Mox app to:
(a) transfer money to another one of your accounts with Mox;
(b) transfer money to another Mox user’s Mox Account (but not their Goal account) with an account number or a proxy specified in the Mox app (such as a mobile number);
(c) transfer money to other Hong Kong bank accounts or other FPS Participants using an account number or a proxy specified in the Mox app (such as an email address, mobile number or FPS ID);
(d) transfer money to a merchant to pay a bill using the required bill details; or
(e) repay any amount that you owe or to transfer money to Mox Credit.
(a) You can receive payments into your Mox Account in Hong Kong dollars:
(b) You can also receive payments into your Mox Account in United States dollars from another Hong Kong bank account denominated in United States dollars with your Mox Account number.
You can receive payments into your Goal accounts by transferring money from your Mox Account or one of your Goal accounts in Hong Kong dollars using the Mox app. You cannot receive money into your Goal accounts from other Mox users, other Hong Kong bank accounts or in foreign currencies.
(a) If you instruct us to make a payment from one of your accounts, unless you instruct us otherwise, we will act upon your Instruction and deduct the relevant amount from your account immediately.
(b) You can set future dates for your payments or set recurring payments from your accounts.
(c) Please check all details are correct before you make a payment or transaction. This is very important because you may not be able to get the money back once the payment or transaction is completed.
(d) We may engage another financial institution to make a payment. We will tell the other financial institution that you will pay its charges. However, the other financial institution will decide whether you or your payee will pay its charges, for which we have no control and take no responsibility. We will notify you as soon as we can if we are told that a payment cannot be made.
(e) We will try to get the money to your payee as quickly as possible, but it may take a couple of days. For example, payments you make are subject to:
(f) We will notify you via the Mox app of any payments made from or received into your accounts.
(g) You can otherwise check all payments made from or received into your accounts via the Mox app.
(h) We may impose limits on the amount that you can transfer out of your accounts with Mox, including limits on the amount you can transfer per transaction and/or within a given timeframe and via particular payment methods. We may also combine such limits with other limits we may impose on other types of transactions. You can see details on these limits in the Mox app. You may change these limits on the Mox app at any time, subject to any absolute limits set by us. Any limits you set in the Mox app will be applied to all of your accounts with Mox.
(a) We may not act on your request to make a payment if:
(b) If we block a payment, we will let you know as soon as possible, unless we are prevented by law.
(a) We may cancel or suspend your right to make payments or use a particular payment method if we determine this is necessary, including:
(b) If we make a cancellation or suspension as set out in clause 7(a) of this Schedule 2, we will let you know as soon as possible and you must cancel any future or recurring transactions you have set that are linked to the relevant account.
(c) We are not liable for any loss you suffer as a consequence of us cancelling or suspending your right to make payments, your use of a particular payment method or if we delay, block, freeze or refuse a transaction, except to the extent that your loss is as a result of our negligence, fraud or wilful default.
(a) After you submit a bill payment Instruction on the Mox app, the merchant you have selected will receive the payment after any minimum processing time we may set for bill payments.
(b) You must not transfer an amount to a merchant to pay a bill that will exceed any limit we have set for bill payments.
(c) In order to process bill payment instructions:
If you use the Mox app for bill payments, you consent to us disclosing such information relating to you to our electronic payment system provider(s) and acknowledge that our electronic system provider(s) will provide such information to the relevant merchants for the purposes set out above.
(a) We may provide the FPS Services to you to facilitate payments and funds transfers using the Faster Payment System. The Faster Payment System is provided and operated by HKICL. The FPS Services are therefore subject to the rules, guidelines and procedures imposed by HKICL in relation to the Faster Payment System from time to time. This Part B governs our provision to you and your use of the FPS Services (if such services are available for use).
(b) Unless otherwise specified, the provisions of this Part B shall prevail in the event of inconsistency with our other terms and conditions. Other provisions of our terms and conditions apply to the FPS Services to the extent they are relevant and not inconsistent with the provisions in this Part B.
(c) By requesting us to register any Proxy ID for you in the HKICL FPS or to set up any eDDA for you using the HKICL FPS, or by initiating any payment or funds transfer using the HKICL FPS, you will be regarded as having accepted and will be bound by the provisions of this Part B. You should not request us to register any Proxy ID or set up any eDDA for you and should not initiate any payment or funds transfer using the HKICL FPS unless you accept the provisions of this Part B.
(d) Terms used in this Part B have the meanings set out below:
“Addressing Service” means a service provided by HKICL as part of HKICL FPS to facilitate customers of Participants to use predefined Proxy ID instead of account number to identify the destination of a payment or funds transfer instruction and other communications for the purpose of HKICL FPS.
“Default Account” means the account maintained by you with us or any other Participant and set as the default account for receiving payment or funds using HKICL FPS or (if and to the extent specified or permitted by the rules, guidelines and procedures of HKICL) for debiting payment or funds using HKICL FPS.
“eDDA” means a direct debit authorisation set up by electronic means using HKICL FPS.
“eDDA Service” means a service provided by HKICL as part of HKICL FPS to facilitate customers of Participants to set up direct debit authorisation.
“FPS Identifier” means a unique random number generated by HKICL FPS to be associated with the account of a customer of a Participant.
“FPS Services” means the services (including the QR Code Services) provided by us to you from time to time to facilitate payments and funds transfers using HKICL FPS and the Addressing Service, eDDA Service and any other services and facilities provided by HKICL in connection with the Faster Payment System from time to time.
“HKICL” means Hong Kong Interbank Clearing Limited and its successors and assigns.
“HKICL FPS” or “Faster Payment System” means the Faster Payment System and related facilities and services provided, managed and operated by HKICL from time to time for (i) processing direct debits and credits, funds transfers and other payment transactions and (ii) exchanging and processing instructions relating to eDDA Service and Addressing Service.
“Participant” means a participant of HKICL FPS which may be a bank or other financial institution, a retail payment system operator, a licensed stored value facility, or any other person accepted by HKICL as a participant of HKICL FPS from time to time.
“Proxy ID” means the identifiers which may be accepted by HKICL for registration in the Addressing Service to identify the account of a customer of a Participant, including the mobile phone number or email address of the customer, or the FPS Identifier.
“QR Code Services” means the QR code and the associated payment and funds transfer services provided by us to you from time to time.
“Regulatory Requirement” means any law, regulation or court order, or any rule, direction, guideline, code, notice or restriction (whether or not having the force of law) issued by any authority, to which HKICL, we or any other Participant or the respective affiliates or group companies, or you are subject or are expected to comply with from time to time.
(a) We may provide the FPS Services to you to facilitate payment and funds transfer using the Faster Payment System and the Addressing Service, eDDA Service and any other services and facilities provided by HKICL in connection with the Faster Payment System from time to time.
We have the right to set or vary from time to time the scope of the FPS Services and the conditions and procedures for using the FPS Services.
In order to use the FPS Services, you have to accept and follow these conditions and procedures.
(b) We may provide the FPS Services to facilitate payment and funds transfer in any currency specified by us from time to time, including Hong Kong dollars and Renminbi.
(c) In order to enable us to handle your Instruction in relation to payment or funds transfer using HKICL FPS, you have to provide or input the necessary information and complete the process by such means or in such manner prescribed by us from time to time.
(d) All payment or funds transfer transactions using HKICL FPS will be processed, cleared and settled under the interbank clearing and settlement arrangements including without limitation the arrangements in relation to the Faster Payment System agreed by the Participants and HKICL from time to time.
(e) We reserve the right to suspend or terminate the FPS Services in whole or in part at any time without giving notice or reason.
(a) In order to use the Addressing Service to receive payment or funds transfer using HKICL FPS, you have to register your Proxy ID in the HKICL FPS. We have discretion as to whether to offer the FPS Identifier as Proxy ID to you.
(b) Registration and amendment of Proxy ID and related records in the HKICL FPS must be done in accordance with the applicable rules, guidelines and procedures imposed by HKICL from time to time. In order to enable us to register or amend Proxy ID or any related records for you, you have to provide or input the necessary information and complete the registration process by such means or in such manner prescribed by us from time to time.
(c) At any time where the same Proxy ID is registered by you for more than one account (whether maintained with us or with any other Participant), you must set one account as the Default Account. By instructing us to set or change the Default Account for you, you consent and authorise us to submit the request on your behalf to HKICL FPS to override the existing Default Account registered in HKICL FPS.
(a) In order to enable us to handle a request for you in relation to eDDA setup, you have to provide or input the necessary information and complete the process by such means or in such manner prescribed by us from time to time. The prescribed process may include requiring the relevant parties to set up the eDDA using their respective account numbers or customer identification numbers or codes, and to provide certain confirmations and/or authorisations. For the avoidance of doubt, a Proxy ID is not intended for verifying eDDA setup. Any amendment of a Proxy ID and the related records or termination of a Proxy ID after an eDDA setup will not affect that eDDA.
(b) For any subsequent changes including but not limited to amendment, cancellation, suspension or reactivation received from the payee Participant in relation to an eDDA setup, we will proceed with the changes without further notification to you.
(a) This clause 13 applies to the use of the QR Code Services, together with our other terms and conditions and any other terms and conditions that apply to the Mox app through which you access the QR Code Services.
(b) Using the QR Code Services and Your Responsibility
(d) Our Responsibility and Restriction of Liability
(i) While we make commercially reasonable efforts to provide the QR Code Services, we are not liable for any failure to provide the QR Code Services.
(ii) The QR Code Services are provided on an “as is” basis with no representation, guarantee or agreement of any kind as to their functionality. We cannot guarantee that no viruses or other contaminating or destructive properties will be transmitted or that no damage will occur to your mobile device in the use of the QR Code Services. We are not responsible for any loss you may incur as a result of your use of the QR Code Services.
(iii) You understand and agree that:
(A) you use the QR Code Services at your sole risk. To the maximum extent permitted by law, we expressly disclaim all warranties and conditions of any kind, whether express or implied; and
(B) you download or obtain any material or information through the use of the QR Code Services at your sole risk and discretion. You are solely responsible for any damage to your computer or other device or loss of data resulting from downloading, obtaining or using such material or information.
(a) Present Genuine Owner or Authorised User of Proxy ID and Accounts
You can only register your own Proxy ID for your own accounts or set up eDDA for your own accounts. You must be the present genuine owner or authorised user of each Proxy ID and each account provided to us for registration in the Addressing Service and the eDDA Service. By instructing us to register any Proxy ID or any account for you in relation to the Faster Payment System, you confirm that you are the present genuine owner or authorised user of the relevant Proxy ID or account. This is particularly important for mobile phone numbers as they may be recycled in Hong Kong.
(b) Proxy ID
Any Proxy ID to be registered by you for the Addressing Service must satisfy any applicable requirements imposed by HKICL from time to time. For example, HKICL may require the mobile phone number or email address to be registered as Proxy ID to be the same number or address registered by you as contact information on our records at the relevant time. You understand and agree that we, other Participants and HKICL have the right and discretion without giving notice to deregister any Proxy ID that is not correct or up-to-date in accordance with available information without your consent.
(c) Correct Information
(d) Timely Updates
You are fully responsible for giving instructions and information changes or updates to us on a timely basis for amending your Proxy ID (or related records) or any eDDA setup, including without limitation changing your Default Account, or terminating any Proxy ID or eDDA. You acknowledge that keeping your Proxy ID, eDDA and all related records up-to-date is critical for ensuring effective execution of payment and funds transfer instructions and for avoiding incorrect payment or transfer due to incorrect or outdated Proxy ID, eDDA or related records.
(e) Change of Default Account
If an account is terminated as the Default Account by you or by the relevant Participant for any reason (including suspension or termination of the account), the system of HKICL will automatically assign the most recently registered record in the Addressing Service that is associated with the same Proxy ID to be the Default Account. If you wish to set another account as the Default Account, you have to change the registration through the Participant where you maintain that other account.
(f) Transactions Binding on You
(g) Use FPS Services Responsibly
You must use the FPS Services in a responsible manner. In particular, you have to comply with the following obligations:
(h) Other Obligations Regarding Payments and Funds Transfers
Any Instruction given by you in relation to the FPS Services will be handled by us in accordance with this Part B and the applicable provisions in our terms and conditions. You have to comply with the other obligations with respect to payments, funds transfers and direct debit authorisations, including without limitation maintaining sufficient funds in the relevant accounts for settling payment and funds transfer instructions from time to time.
(i) You are Responsible for Your Authorised Persons
Where you authorise any other person to give Instructions or requests to us in connection with the use of the FPS Services (whether you are an individual, a company, a corporation, or a sole proprietorship or partnership firm or any other unincorporated body):
(a) We will process and submit your Instructions and requests to HKICL FPS in accordance with the applicable rules, guidelines and procedures imposed by HKICL from time to time. HKICL FPS has the right to process and execute your Instructions and requests in such sequence or manner as HKICL considers appropriate. We have no control over the operation of HKICL FPS nor the timing on which your Instructions or requests are executed by HKICL FPS. Where we receive status update notifications involving any of your Proxy ID (or related records) or eDDA setup or any other matter relating to HKICL FPS from or through HKICL FPS from time to time, we will notify you accordingly by such means and at such time as we consider appropriate.
(b) Without reducing the effect of clause 15(a) of this Schedule 2 or the other provisions of our terms and conditions:
(c) Your Confirmation and Indemnity
(a) For the purposes of using the FPS Services, you may be required to provide us with the personal data and other information relating to one or more of the following persons from time to time:
all personal data and information provided to us or compiled by us from time to time in connection with the FPS Services are collectively referred to as “Customer Information”.
(b) You agree (and, where applicable, for and on behalf of each of your directors, officers, employees, authorised persons and representatives) that we may collect, use, process, retain or transfer any of the Customer Information for the purposes of the FPS Services. These purposes include without limitation one or more of the following:
(c) You understand and agree that the Customer Information may be further disclosed or transferred by HKICL, us or any other Participants to their customers and any other third parties who are users of HKICL FPS for the purposes of providing and operating the Addressing Service and the eDDA Service.
(d) If the Customer Information includes personal data or other information of any person other than you (including any persons specified in clauses 16(a)(ii)or 16(a)(iii) of this Schedule 2), you confirm that you will obtain and have obtained the consent from such person regarding the use (including disclosure and transfer) of his/her personal data and other information by HKICL, us and the other Participants as specified in this clause 16.
Last updated: 20 March 2023