This safeguarding protection means that if Kestrl, or if the e-money issuer, AF Payments Limited winds down and/or becomes insolvent, your funds will be secure in the safeguarding account and then returned to each customer.
This process will be handled by an insolvency practitioner, not by Kestrl or AF Payments. The protection also means that by law, these funds are protected from all other creditors of Kestrl or AF Payments who might make a claim.