The following Privacy Standards outline the principles and guidelines to be followed by PayRafi, a money transfer application, to ensure the protection and responsible handling of personal information. By adhering to these standards, we aim to safeguard the privacy of our users’ financial data and maintain their trust in our services.

PayRafi and its companies are jointly responsible for the provision of the website at www.PayRafi.com

1.What do we use your data for?

PayRafi will collect and use personal and financial information only for the purpose of facilitating money transfers and in compliance with applicable privacy laws. We will be transparent about the types of data we collect, the purposes for which we collect it, and any third parties with whom we may share the data.

We use your personal data to answer your enquiries – for example via the contact form.

2.Consent:

PayRafi will obtain appropriate consent from users before collecting, using, or disclosing their personal and financial information, unless otherwise permitted by law. Consent will be obtained in a clear and understandable manner, and users will have the right to withdraw their consent at any time.

3.Data Minimization:

PayRafi will collect and retain only the personal and financial information necessary for the purpose of processing money transfers. We will not collect excessive or unnecessary data and will ensure that the data we collect is accurate and up to date.

4.Data Security:

PayRafi will implement robust technical and organizational measures to protect personal and financial information against unauthorized access, loss, or theft. We will utilize industry-standard encryption and secure transmission protocols to safeguard data during transit and while at rest.

5.Data Transfer:

PayRafi will not transfer personal and financial information to third parties unless it is necessary for the completion of money transfers or with the user’s explicit consent, except as required by law. When transferring data to third parties, we will ensure appropriate safeguards are in place to protect the privacy and security of the information.

6.Data Retention:

PayRafi will retain personal and financial information only for as long as necessary to fulfill the purpose for which it was collected or as required by law. We will establish data retention policies and procedures to ensure compliance with applicable regulations and enable the secure disposal of data.

7.Links to third party websites:

When we provide links to other websites outside the PayRafi website, we try to link only to sites that share our values. However, always check the privacy policy of the site to which a link refers to be aware of their information collection practices, such as their use of cookies.

We are not responsible for the content or information collection policies of other companies’ sites. If you visit another site, you should read their privacy policy and other policies carefully.

8.Individual Rights:

PayRafi will respect users’ rights regarding their personal and financial information, including the right to access, correct, delete, or restrict the processing of their data. We will provide mechanisms for users to exercise these rights and respond to their requests in a timely and transparent manner.

9.Privacy by Design:

PayRafi will incorporate privacy considerations into the design and development of our money transfer application. We will implement privacy-enhancing measures from the outset, such as data anonymization and pseudonymization, to minimize the risk to users’ privacy.

10.Privacy Training and Awareness:

PayRafi will provide regular privacy training and awareness programs to employees to ensure their understanding of privacy obligations and their role in protecting personal and financial information. We will also educate our users about their privacy rights and how their data is being handled.

11.Privacy Compliance and Accountability:

PayRafi will regularly review and assess our privacy practices to ensure compliance with applicable privacy laws and regulations. We will appoint a privacy officer or team responsible for overseeing privacy matters and responding to privacy-related inquiries or complaints.

12.Conclusion:

By adhering to these Privacy Standards, PayRafi demonstrates its commitment to protecting the privacy and confidentiality of users’ personal and financial information. We strive to maintain the highest standards of privacy and data protection to build trust with our users and ensure the responsible handling of their sensitive financial data.

User Consent

At PayRafi, we are dedicated to safeguarding and respecting your privacy. Your personal information will be utilized solely for administering your account and delivering the requested products and services.

By using our platform, you consent to the storage and processing of the personal information you have provided to us. This enables PayRafi to fulfill your orders and deliver a seamless service experience to you.

Thank you for choosing PayRafi.

V.01, Released 01. Aug.24