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Privacy Policy

  1. Company Information
    2. Paysonet (VSONET Digital Payments Ltd) is a Nigerian company located at 63, Ogunlana Drive, Surulere, Lagos.
  2. Privacy Policy
    3. Paysonet adheres to core privacy principles:
    • User Empowerment: Ensuring users control their data.
    • Security: Implementing appropriate security measures.
    • Transparency: Explaining what data is collected and how it's used.
    • Local Compliance: Adapting privacy practices to local laws in operational regions.
    • Data Accuracy: Maintaining up-to-date personal data.
    • Data Minimization: Collecting and storing only necessary data.
  3. Data Collected
    4. Paysonet collects the following categories of personal data:
    • Identity Data: Includes names, ID numbers, and documents (e.g., passports).
    • Contact Data: Addresses, emails, phone numbers, and device details.
    • Marketing Data: Communication preferences and interactions.
    • Other Data: Records of discussions and non-personal or anonymized data.
  4. Data Collection Sources
    5. Personal data is gathered:
    • Directly from users (e.g., account creation, service usage).
    • From third parties like fraud prevention agencies and analytics providers.
  5. Legal Basis for Processing
    6. Paysonet processes data based on:
    • Consent: User agreement for data collection.
    • Contractual Obligation: Required for delivering services.
    • Legal Obligation: Compliance with regulations.
    • Legitimate Interest: Protecting against fraud and improving services.
  6. Data Usage
    7. Collected data is used for:
    • Service provision, account management, and identity verification.
    • Fraud prevention and regulatory compliance.
    • Communication about services, promotions, and support.
    • Business improvements and legal purposes.
  7. User Rights
    8. Users have several rights, including:
    • Access: Requesting copies of personal data.
    • Rectification: Correcting inaccurate or incomplete data.
    • Erasure: Requesting data deletion under certain conditions.
    • Marketing Opt-Out: Declining marketing communications.
    • Objection: Restricting or objecting to data processing.
  8. Third-Party Websites
    9. Paysonet does not control privacy practices of linked or third-party websites.
  9. Retention
    10. Retention Data is stored in line with legal retention obligations and is deleted when no longer necessary.
    For more details, consult the Paysonet Privacy Notice or contact their privacy team for specific inquiries.
    If you'd like to draft specific questions or need a deeper analysis of certain sections, let me know!