Privacy Policy

Last Updated: March 20th, 2025

At PhosPay Finance Limited, we are committed to protecting your personal data and respecting your privacy. This policy explains how we collect, use, store, and protect your personal information, in line with the Nigeria Data Protection Regulation 2023 (NDPR) and the EU General Data Protection Regulation (GDPR).

What Data We Collect

Your name, contact details, and identification information
Transaction and payment details
Employment or contractual information (for staff and vendors)
Any other information provided via our services or platforms

How We Use Your Data

Deliver our financial services and manage your account
Meet legal and regulatory obligations
Communicate with you and provide support
Improve our services and ensure security

Legal Grounds for Processing

We only process your data when we have a lawful reason, including:

Your consent
Fulfilling a contract with you
Legal compliance
Protecting your vital interests
Our legitimate business interests

Your Rights

Access: Know what data we hold about you
Correction: Request corrections to your data
Deletion: Ask us to delete your data (in certain cases)
Objection: Object to certain types of processing
Data Portability: Request your data in a usable format
Withdraw Consent: At any time, where consent was the basis for processing

To exercise your rights, contact us at support@phospay.com

Data Security

We use modern security tools and practices to protect your data from unauthorized access, loss, or misuse. Access to data is limited to authorized personnel only.

Data Retention

We keep your data only as long as necessary for the purpose it was collected. When no longer needed, we securely delete or anonymize it.

Sharing Your Data

We do not sell your personal data. We may share it with trusted third-party service providers under strict confidentiality, or when legally required.

Data Breaches

In case of a data breach that poses a risk to your rights, we will notify you and the appropriate authorities promptly, as required by law.

Updates to This Policy

We may update this policy to reflect changes in our practices or legal requirements. We encourage you to review it regularly.