PRIVACY POLICY
At Avec Pay, we are committed to protecting your privacy and ensuring the security of your personal information. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our website and services.
Information We Collect:
We may collect personal information, such as your name, email address, and payment details, when you create an account or use our services. We also collect non-personal information like browsing behavior and usage patterns to improve our services.
How We Use Your Information:
We use the information we collect to provide and improve our services, process transactions, and communicate with you. We may also use your information to personalize your experience and send you updates about our services.
Disclosure of Your Information:
We may share your information with trusted third parties who assist us in operating our website, conducting our business, or servicing you. We do not sell or rent your personal information to third parties for marketing purposes.
Security Measures:
We implement security measures to protect your information from unauthorized access and maintain data accuracy. However, no method of transmission over the internet or electronic storage is completely secure, and we cannot guarantee absolute security.
KYC (KNOW YOUR CUSTOMER) POLICY
Avec Pay is committed to maintaining the highest standards of compliance and security. As part of our commitment to preventing fraud and ensuring the safety of our users, we have implemented a robust Know Your Customer (KYC) process.
Collection of Information:
When you sign up for Avec Pay, we may request identity verification documents such as government-issued identification, proof of address, and other relevant documents. This information helps us verify your identity and comply with regulatory requirements.
Use of KYC Information:
The KYC information you provide is used solely for the purpose of identity verification and compliance with anti-money laundering (AML) regulations. We do not use this information for any other purpose without your explicit consent.
Confidentiality and Security:
We take the confidentiality and security of your KYC information seriously. Access to this information is restricted to authorized personnel only, and we implement stringent security measures to safeguard it.
We retain KYC information for the duration required by applicable laws and regulations. Once the retention period expires, your KYC information is securely disposed of.