Currencies Direct vs DirectPay

Send and spend seamlessly – with great rates and zero transfer fees. More than 120 countries. Over 20 currencies. Our simple, secure currency transfer service and multi-currency card make sending and spending money abroad as easy as opening your wallet. GET THE RATE YOU WANT • Check live exchange rates and make transfers 24/7 • Buy your currency when you like the rate • Store it in a secure multi-currency wallet • Send it whenever you need to • Pay by card or bank transfer MULTI-CURRENCY DEBIT CARD • Seamless spending in over 200 countries with no monthly card fees – use your card wherever Mastercard® is accepted • Pay in GBP, EUR, USD, AUD, CAD, NOK, SEK, DKK, AED, PLN, CHF, CZK, HKD, ILS, JPY, SGD, THB, NZD and ZAR directly from your currency wallets – enjoy great rates when spending in other currencies • Stay in control with our app and instant notifications Please note, our currency card is currently only available to customers living in the UK, Ireland, France, Spain, Portugal, Norway and Sweden. PREFER TO TALK TO A HUMAN? • We’re here for you – with award-winning one-to-one support • We’re rated five stars on Trustpilot BANK-BEATING EXCHANGE RATES* *We help our customers save money on their transfers with exceptional exchange rates (we compare against the banks every month using the International Money Transfer Index IMTI™). Visit our website for more information. LIST OF SUPPORTED CURRENCIES • AED • AUD • CAD • CHF • CZK • DKK • EUR • GBP • HKD • HUF • ILS • INR • JPY • MXN • NOK • NZD • PLN • RON • SAR • SEK • SGD • THB • USD • ZAR – you must be registered with Currencies Direct South Africa to sell ZAR OUR AUTHORISATION We are licensed in multiple countries. You can find all of our licensing information on our website: https://www.currenciesdirect.com/en/info/regulatory-information Terms and conditions: https://www.currenciesdirect.com/en/info/terms-of-use Privacy policy: https://www.currenciesdirect.com/en/info/privacy-policy Security of funds: https://www.currenciesdirect.com/en/personal/transfer-money-overseas/safety-of-your-funds Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated. Cards provided to EEA residents are issued by Transact Payments Malta Limited and cards provided to UK residents are issued by Transact Payments Limited pursuant to licences by Mastercard International. Transact Payments Malta Limited is duly authorised and regulated by the Malta Financial Services Authority as a Financial Institution under the Financial Institution Act 1994. Registration number C 91879. Transact Payments Limited is authorised and regulated by the Gibraltar Financial Services Commission. In the UK electronic money is issued by Currencies Direct Ltd which is authorised by the Financial Conduct Authority as an Electronic Money Institution under the Electronic Money Regulations 2011 (FRN: 900669). In the EU electronic money is issued by Currencies Direct Spain, E.D.E., S.L. which is authorised by the Bank of Spain as an Electronic Money Institution under Law 21/2011 of 26 July and Royal Decree 778/2012 of 4 May (Registration No: 6716).

This solution facilitates account to account transactions between the merchant and the customer using a quick reference code masking the real account. If both the merchant and the customer are of the same bank to provide it will perform an account to account fund transfer. If they are in different banks, transactions will be facilitated through LankaPay. DirectPay brings users numerous benefits including ease of access and reduction in transaction time and cost. Whenever the user is required to make a payment to the merchant the user can complete their transaction by just scanning the merchant’s QR code by the processing in the mobile application. We satisfy the need of financial transactions being made without going outside Sri Lanka for authorization purposes and to facilitate payments without the use of any 3rd party equipment. Basically what happens in the app is that the Merchants have a QR code masking their information displayed at their shops. The users simply have to scan this QR code and enter the amount to be paid and proceed so that when the transaction is completed the merchant will receive a text message from the bank confirming the payments and the user will also receive a text message from the bank of the payment being completed through an account to account transfer between the merchant bank and the user’s bank only if both these parties are of the same bank. This application provides maximum security to its users. At the time of registration on the DirectPay app, the user is required to enter the account number of the primary account and the phone number that is pre-registered with the bank. When the mobile number is entered, the application would grasp the IMEI number so that the user will not be able to use a separate phone to use this application. If the mobile is lost, another SIM card cannot be used to access our application. If the user has to change the number, he should contact the bank and initially change the mobile number in the bank’s database. There are basically two security features, the first is the password for the application when logging into the app and the second is the mobile IMEI number. For application registration, device change or SIM change there is a separate process to verify and authorize.