Privacy Policy of Payzof

Last Updated:08/05/2023

At Payzof, we attach paramount importance to the protection of your personal and financial information. This privacy policy explains how we collect, use, share, and safeguard your data when you utilize our prepaid card and international money transfer services.

Information Collection

When you employ our services, we may gather the following information:

• Identity Information: Your name, address, date of birth, and other identifying details necessary for identity verification in accordance with applicable regulations.
• Contact Information: Your email address, phone number, and other contact coordinates.
• Financial Information: Specifics of your bank account, credit card, or debit card crucial for conducting financial transactions.
• Transaction Information: Comprehensive information about transactions executed through our services, including transaction amounts, beneficiaries, dates, and times.
• Geolocation Information: If you use our mobile applications, we may accumulate geolocation data to furnish location-based features.

Use of Information

We utilize your information for the ensuing purposes:

• Provision and Management of Services: To process transactions, distribute prepaid cards, and facilitate money transfers as per your instructions.
• Identity Verification: To adhere to anti-money laundering and counter-terrorism financing regulations, we may validate your identity.
• Communication: To dispatch information about our services, updates, promotions, and critical notifications.
• Service Enhancement: To scrutinize the utilization of our services, discern trends, and refine user experience.

Information Sharing

We do not vend your personal data to third parties. However, we may share your information in the following circumstances:

• Service Providers: We may share your information with third-party service providers aiding us in offering our services, including payment processing and identity verification.
• Legal Compliance: We may disclose your information when compelled by the law, in response to a court order, or to adhere to regulations.

Data Security

We institute technical and organizational security measures to guard your data against unauthorized access, disclosure, alteration, or destruction.

Updating the Privacy Policy

We may periodically update this privacy policy to reflect changes in our data processing practices.

By utilizing our services, you signify your acceptance of the terms outlined in this privacy policy.

Contact

For queries pertaining to our privacy policy, kindly reach out to us at support@payzof.com.