General Terms & Conditions
Pecutus Terms and Conditions
These Terms and Conditions apply to the services provided by, and the money service operation of, Pecutus Technologies Limited (“Pecutus”, “we” or “us”) only. We are a regulated money service operator under license no. 17-12-02260, granted by The Customs And Excise Department, Hong Kong. We are regulated under the Anti-Money Laundering And Counter-Terrorist Financing (Financial Institutions) Ordinance, Chapter 615, Law of Hong Kong.
The services including: , (“the Website”) and the ReadyTravel Suite product line (, “ReadyTravel App” (the App), the “ReadyKiosk” (the Kiosk)), are operated and owned by Pecutus Technologies Limited, located at Unit G08B, Enterprise Place, No. 5 West Science Park Avenue, Sha Tin, Hong Kong, and the MSO license correspondence address is located at Unit 712B, 7th Floor, New East Ocean Centre, 9 Science Museum Road, Tsim Sha Tsui East, Hong Kong.
By entering an agreement with us, you agree that:
a) You are 18 years of age or older.
b) All information supplied to us during and after the registration process is accurate, complete, true and current.
c) You will not commit any activity that is considered fraudulent, criminal or unlawful with our services.
d) You agree with the rest of the Terms and Conditions as outlined here.
These Terms and Conditions are written and available in English and we undertake to communicate with you in English regarding any aspect of the Services to be provided by us. The English version shall prevail if there is any discrepancy between different language versions, the other translations are provided solely for your ease of understanding.
We reserve the right to change or modify any of the Terms and Conditions at any time and at our sole discretion and you can find the most current version on the Website, the App.
By the continued use of our services you will be bound by revised or further terms and conditions. We recommend you print a copy of these Terms of Service for future reference and check for updated version every time you use our service.
ReadyTravel Suite is powered by Pecutus Technologies Limited. Currency Swapping only takes place on the ReadyApp (“the App”) platform. Users, who are fully registered and verified with personal identification documents, can swap the currency they loaded within the App at the guarantee net rate, determined and provided by Pecutus. There is also the reference rate, using the average respective currency rate from various banks, provided by the JETCO APIX platform, under the Open API standard by the Hong Kong Monetary Authority, for your comparison of rates. ReadyKiosk is the interactive collection kiosk complementary to ReadyApp. They are physical fulfillment channels for cash processing and they are not platform for direct exchange unless located within premises of hotels, or specific premises with corresponding license. ReadyKiosk offers the physical loading and withdrawal of cash; ReadyApp offers the handling of loaded values. Below are the separate Terms and Conditions in correspondence specifically to the ReadyKiosk and the ReadyApp
ReadyKiosk Terms and Conditions
ReadyKiosk is operated by Pecutus Technologies Limited, with registered HK Money Service Operator license no. 17-12- 02260, correspondence address: UNIT 712B, 7/F, NEW EAST OCEAN CENTER, 9 SCIENCE MUSEUM RD, TSIM SHA TSUI, KOWLOON.
ReadyKiosk is a collection kiosk complementary to ReadyTravel App (the App). Users must register a unique account to the phone number, and are verified with personal identification documents with ReadyTravel App before using ReadyKiosk;
ReadyKiosk is configured to accept the following 11 currencies at this phase. Namely: HKD, JPY, USD, THB, SGD, MYR, IDR, EUR, GBP, CAD, AUD;
A maximum of 20 currency notes are accepted and processed at each operation;
The limit for any one time operation is HKD$8,000 equivalent. Currencies exceeding this limit will not be accepted;
Inserted currencies will be lined up for swapping at the Guaranteed Net Rate, processed by ReadyTravel App;
Inserted currencies and their value will not be instantly available for withdrawal because swapping procedure will take two days to process in the ReadyTravel App;
Daily Guaranteed Net Rate for swapping is provided by Pecutus, and the general reference rate is provided by the JETCO APIX platform, under the Open API standard by the Hong Kong Monetary Authority, for comparison purpose;
The above mentioned 11 currencies can be swapped within the App, but can only be redeemed or withdrawn in 3 types of currencies cash: HKD, JPY & USD, ONLY at denominations of HKD100, JPY10000, USD100, through ReadyKiosk;
ReadyKiosk will not accept currencies in bad physical conditions or currencies that are not configured to accept;
Pecutus is not responsible for forgotten currencies or receipts;
You must check all money before leaving the ReadyKiosk. Pecutus is not responsible for compensating for any shortfall if you fail to notify us of such shortfall immediately after the transaction is completed. You must provide any evidence or information that Pecutus may reasonably require for the purpose of investigating your shortfall claim;
Where ReadyKiosk makes an error and has resulted in you receiving an excess of currencies value, you must promptly report and return the excess amount to Pecutus office (G08B, Enterprise Place, 5W Science Park Avenue, HKSTP);
If Pecutus determines that the currencies cash received from you includes counterfeit cash or outmoded cash, you must reimburse Pecutus for the total amount that Pecutus has paid you in respect of counterfeit cash or outmoded cash;
Any suspicious interaction or behaviour that could be involved in the commission of a public offence, included but not limited to the use of counterfeit money, Money Laundering & Terrorist Financing, will be reported to the relevant regulation body.
Pecutus reserves the right to commence legal proceedings against you if you fail to comply with clauses 13. , 14. , &15. above.
PECUTUS TECHNOLOGIES LIMITED reserves the rights of final decision the interpretation of these Terms and Conditions.
ReadyApp terms & conditions
18. ReadyTravel App is operated by Pecutus Technologies Limited, with registered HK Money Service Operator license no.17-12-02260, correspondence address: UNIT 712B, 7/F, NEW EAST OCEAN CENTER, 9 SCIENCE MUSEUM RD, TSIM SHA TSUI, KOWLOON.
19. Pecutus accepts no responsibility for your failure to comply with any country’s or territory’s currency controls;
20. HKD, JPY, USD, THB, SGD, MYR, IDR, EUR, GBP, CAD, AUD; the aforementioned 11 currencies can be swapped within the App, but can only be redeemed or withdrawn in 3 types of currencies cash: HKD, JPY & USD, ONLY at denominations of HKD100, JPY10000, USD100, through ReadyKiosk;
21. Where ReadyApp makes an error and has resulted in you receiving an excess of currencies value, you must promptly report the excess amount to Pecutus office (G08B, Enterprise Place, 5W Science Park Avenue, HKSTP), and shall not redeem the error-resulted value via any means;
22. Any suspicious interaction or behaviour that could be involved in the commission of a public offence will be reported to the relevant regulation body.
23. Pecutus reserves the right to commence legal proceedings against you if you fail to comply with clauses 21. and 22. above.
24. PECUTUS TECHNOLOGIES LIMITED reserves the rights of final decision the interpretation of these Terms and Conditions.
You must register with us as a member in order to use our service. Our registration procedure consists of a Customer Due Diligence (CDD) protocol, to identify you as a natural person, we ask for your copy of photo ID (full name, date of birth, nationality and unique identification number) upfront, and also the address proof (utility bills or bank statement) in order to proceed to full functionality across our platform after being verified.
Upon successful registration, you will be logged-in. You agree to keep your log-in details confidential and there will be no person purporting to act (PPTA) on your behalf as Pecutus does not permit such behaviour. Any violation will lead to termination of account usage.
Anti-Money Laundering & Counter-Terrorist
Pecutus and ReadyTravel are operated and regulated under section 7 of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (AMLO). We are complied with the statutory requirements under the AMLO and taking all possible actions to mitigate AML and CTF risks.
The term “money laundering” (ML) is defined in section 1 of Part 1 of Schedule 1 to the AMLO and means an act intended to have the effect of making any property:
(a) that is the proceeds obtained from the commission of an indictable offence under the laws of Hong Kong, or of any conduct which if it had occurred in Hong Kong would constitute an indictable offence under the laws of Hong Kong; or
(b) that in whole or in part, directly or indirectly, represents such proceeds, not to appear to be or so represent such proceeds.
There are three common stages in the laundering of money, and they frequently involve numerous transactions. An MSO should be alert to any such sign for potential criminal activities. These stages are:
(a) Placement - the physical disposal of cash proceeds derived from illegal activities;
(c) Integration - creating the impression of apparent legitimacy to criminally derived wealth. In situations where the layering process succeeds, integration schemes effectively return the laundered proceeds back into the general financial system and the proceeds appear to be the
(b) Layering - separating illicit proceeds from their source by creating complex layers of financial transactions designed to disguise the source of the money, subvert the audit trail and provide anonymity; andof, or connected to, legitimate business activities. result
Pecutus uses the risk-based approach and undertake AML/CFT systems. As a MSO we also implement the followings:
(a) compliance management arrangements (appointment of Compliance Officer (CO) and Money Laundering Reporting Officer (MLRO);
(b) an independent audit function;
(c) employee screening procedures; and
(d) an ongoing employee training programme.
In our AI algorithms, it is also programmed to record the following transaction characteristics: (a) the nature and type of transactions (e.g. abnormal size or frequency);
(b) the nature of a series of transactions (e.g. structuring a single transaction in to a number of cash deposits);
(c) the customer’s normal account activity or turnover.
Which will flag up the management and triggers documentation and possibly reporting at suspicious
We keep encrypted records and relevant information of our customers from CDD for risk assessments, and for as long as the user exists. These data are only accessible by our appointed data officer and will only be demonstrated to CCE and other government bodies when they are requested for audit and investigation.
Governing Law and Jurisdiction
These Terms and Conditions are governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region and the parties submit to the jurisdiction of the courts of the Hong Kong Special Administrative Region.
Please contact us at firstname.lastname@example.org for any questions or comments regarding these Terms of Services and also our services in general.