Privacy Policy for Powerpay
Effective Date: May 26, 2026
At PowerPay, we are committed to protecting your privacy and ensuring the security of your personal data. This Privacy Policy outlines how we collect, use, disclose, and safeguard your information when you use our platform, virtual card services, and cryptocurrency conversion features.
1. Regulatory Framework & Compliance
This policy is governed by and strictly complies with the Nigeria Data Protection Act (NDPA) 2023 and the regulations issued by the Nigeria Data Protection Commission (NDPC). We do not operate under or process data subject to United States regional laws such as the California Online Privacy Protection Act (CalOPPA). All data processing activities are aligned exclusively with Nigerian financial and data privacy frameworks.
2. Information We Collect
To provide our fintech and virtual card services, we collect:
Identity Data: Full name, date of birth, nationality, and government-issued identification numbers (e.g., BVN, NIN) as required for statutory verification.
Contact Data: Email address, phone number, and physical billing address.
Financial & Transaction Data: Details of cryptocurrency conversions (e.g., USDT to Naira), virtual card transactions, wallet addresses, and bank account details for payouts.
Technical Data: IP address, device type, browser information, and usage logs.
3. How We Use Your Data
We process your personal data under the lawful bases provided by the NDPA 2023, including:
Performance of a Contract: To manage your account, issue virtual cards, and process exchange transactions.
Legal Obligation: To comply with anti-money laundering (AML), counter-terrorism financing (CFT), and Know Your Customer (KYC) requirements under Central Bank of Nigeria (CBN) and Financial Intelligence Unit (NFIU) regulations.
Consent: Where you have explicitly agreed to receive updates or marketing communications.
4. Data Sharing and Disclosures
We do not sell your personal data. We only share information with third parties in the following strictly controlled circumstances:
Financial Partners & Providers: Licensed banking partners, card networks, and API infrastructure providers necessary to execute your virtual card and payment requests.
Regulatory & Law Enforcement Authorities: When required to fulfill obligations under the Money Laundering (Prevention and Prohibition) Act, 2022 or other mandatory legal processes in Nigeria.
5. Your Data Protection Rights
Under the NDPA 2023, you have specific rights regarding your personal data:
The right to request access to the personal data we hold about you.
The right to request the rectification of inaccurate or incomplete information.
The right to object to or restrict the processing of your data under certain conditions.
The right to request the deletion of your data, subject to legal retention periods required by financial regulators.
6. Security of Your Data
We employ industry-standard cryptographic protocols, secure server infrastructure, and strict access controls to prevent unauthorized access, alteration, disclosure, or destruction of your personal information.
7. Contact Us
If you have any questions about this Privacy Policy or wish to exercise your data rights, please contact our Data Protection Compliance team at:
Email: support@powerpay.com.ng