Introduction

Paz Finance Limited (“Paz”, “we”, “us”, “our”) is committed to protecting your personal data and respecting your privacy. This Privacy Policy outlines how we collect, use, disclose, and protect your personal information in accordance with the Nigeria Data Protection Regulation (NDPR) and other applicable laws.

Information We Collect

We may collect the following categories of personal data:

• Full name, date of birth, gender
• Contact details: phone number, email address, residential address
• Financial data: bank account details, BVN, credit history
• Employment and income information
• Transaction and usage data on our platform
• Device information and log data
• Biometric data, where applicable (e.g., facial recognition or fingerprint)

How We Collect Information

We collect information through:

• Direct input during account registration or product application
• Use of our website or mobile app
• Communication with customer support
• Third parties such as credit bureaus, payment providers, or government agencies

Purpose of Data Collection

Your data is collected and processed for the following purposes:

• To create and manage your account
• To assess your eligibility for financial products
• To process transactions and deliver services
• To conduct risk and credit assessments
• To comply with regulatory requirements (KYC, AML, etc.)
• To provide customer support and service updates
• To improve our services and personalize user experience

Legal Basis for Processing

We rely on the following legal bases to process your personal data:

• Your consent
• Performance of a contract
• Legal obligations
• Legitimate interests, such as fraud prevention and service optimization

Data Sharing and Disclosure

We may share your data with:

• Authorized third-party service providers (e.g., payment processors, credit bureaus)
• Regulatory bodies such as CBN, NDIC, and EFCC
• Our legal or financial advisors
• In the case of a business transfer or merger

Data Retention

Your data will be retained only as long as necessary to fulfill the purposes outlined in this policy, or as required by applicable law or regulation. We securely delete or anonymize data that is no longer needed.

Data Security

We use appropriate technical and organizational measures to protect your data against unauthorized access, loss, misuse, or alteration. These include:

• Data encryption
• Access controls
• Regular system audits
• Secure server infrastructure

Your Rights

Under the NDPR, you have the following rights:

• Right to access your personal data
• Right to rectify inaccuracies
• Right to withdraw consent
• Right to request data deletion
• Right to object to data processing

Use of Cookies

Our website and mobile app may use cookies and similar technologies to enhance user experience and analyze usage patterns. You can control cookie preferences in your browser settings.

Children’s Privacy

Our services are not directed to individuals under the age of 18. We do not knowingly collect personal data from children. If we discover such data has been collected, it will be deleted promptly.

Changes to This Policy

We may update this Privacy Policy periodically. When we do, we will revise the effective date and notify you of significant changes via our website or communication channels.

Contact Us

If you have any questions, concerns, or complaints about this Privacy Policy or your personal data, please contact:

Paz Finance Limited
Email: info@mypazfinance.com | bk@mypazfinance.com
Website: www.mypazfinance.com