Privacy Policy

This Privacy Policy (“Policy”) has been put together to explain to you what we do with the personal information that you provide to us when you use SnapCash, a peer-to-peer lending solution (“Solution”, “platform” or “SnapCash”) developed by Sterling Bank (“we”, “us”, “our” and/or “ours”) incorporated under the laws of the Federal Republic of Nigeria with its registered office at Sterling Towers, 20 Marina, Lagos.

The reference to ‘you’ or ‘your’, means you, any authorised person that use your account, anyone who initiates, conducts or conclude a transaction using your SnapCash account.

By continuing to visit, access or use the Platform either on the web or via the mobile app, you accept and consent to the provisions described in this Policy.

A. Information we may collect from you

We may collect and process the following data about you.

  1. Information you give us about you (Submitted information):

    2. We gather information from you for a number of reasons. We may need you to provide your Personal Information/Data such as your name, contact details, identification, work and residential addresses, gender, positions held, forms submitted, Bank Verification Number (BVN), payment details and other enquiry details which would enhance your service experience. Your Personal Data we collect, fall into various categories, such as:

    1. We collect information from your address book or contact list, if you explicitly permit us to access such information. These include the phone number of persons who use our services and other contacts who do not use our service. Your contact list information is required for us to provide you with seamless value-added services through the Platform; for instance, airtime purchase for beneficiaries on your contact list. We may also access your gallery information for images or photos, where you wish to personalize your SnapCash profile.
    2. This includes information on any bank accounts you use, debit card numbers, financial history, information you provide to deliver payment initiation services and account information services regarding accounts you hold with other providers.
    3. We may also collect information that your browser sends whenever you visit our website or banking applications or when you access the Solution or any of our services by or through a mobile device (“Usage Data”). This Usage Data may include information such as your computer’s Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that you visit, the time and date of your visit and the time spent on those pages amongst other diagnostic data. When you access the Service by or through a mobile device or use the mobile app, this Usage Data may include information such as the type of mobile device you use, your mobile device unique ID, the IP address of your mobile device, your mobile operating system, the type of mobile Internet browser you use, unique device identifiers and other diagnostic dat
    4. We may hold information about you which includes without limitation to health, criminal conviction information or biometric information used to uniquely identify you, (for example your fingerprint, facial recognition or voice recording). We will only hold this data when we need to for the purposes of the product or services we provide to you, where we are required to process the data for a public interest purpose, or where we have a legal obligation or your consent to do so
    5. We use cookies and similar tracking technologies to track the activity on our Service and hold certain information. Cookies are files with small amount of data which may include an anonymous unique identifier. Cookies are sent to your browser from a website and stored on your device. Tracking technologies also used are beacons, tags, and scripts to collect and track information and to improve and analyse our Service. You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. You can also refuse permissions to read your phone data by the mobile application. However, if you do not accept cookies on your browser or allow permissions on your mobile device, our online service experience to you may be degraded and you may not be able to use some portions of our Service. We may also collect information about your internet browser settings and Internet Protocol (IP) address and other relevant information to help us identify your geographic location when providing you with our services.
      • Session Cookies: We use Session Cookies to operate our Service. Session cookies will expire at the end of your browser session and allow us to link your actions during that browser session.
      • Preference Cookies: We use Preference Cookies to remember your preferences and actions, across multiple sites.
      • Security Cookies: We use Security Cookies for security purposes.
      • Information from social networks or online accounts: This includes Information from any social media profiles or any accounts that you share with us.

    This information may include your name, address, e-mail address and phone number, the Device's phone number, age, username, password and other registration information, financial and credit information (including your mobile money account details, bank account details, and bank verification number, where applicable), personal description and photograph.

    To the extent permissible under applicable law, we may use your information for the following legitimate actions:

    1. Determine your eligibility for our other products and services
    2. Verify your identity when you access your account information
    3. Administer your accounts or other products and services that we or our partners/affiliates may provide to you
    4. Respond to your requests and communicate with you
    5. For understanding your financial needs
    6. Prevention of crime, fraud, money laundering or terrorism financing activities
    7. Managing our risks
    8. Reviewing your credit or loan eligibility
    9. For marketing the products and services of Sterling, related entities and affiliates. We may send you marketing and promotional messages by post, email, telephone, text, secure messaging, Mobile app. You may change your mind on how you wish to receive marketing messages from us or opt out of receiving such messages at anytime. However, we will continue to use your contact details to send you important information regarding your dealings with us
    10. Process transactions, design products and profile customers
    11. Notify you about changes to our Services
    12. Allow you to participate in interactive features of our services when you choose to do so
    13. Provide customer care and support and for internal operations, including troubleshooting, data analysis, testing, security, fraud-detection, and account management
    14. Process your information for audit, statistical or research purposes in order to help us understand trends in our customer behaviour and to understand our risks better and curate products and services that are suitable to our customers' needs
    15. Monitor our conversation with you when we speak on the telephone (for example, to check your instructions to us, to analyze, to assess and improve customer service; for training and quality assurance purposes; for verification, fraud analysis and prevention purposes)
    16. Recover any debts that you may owe the Bank
    17. Carry out analysis to evaluate and improve our business
    18. Monitor the usage of our Services
    19. Detect, prevent and address technical issues
    20. Prevent fraud and enhance security of your account or our service platform
    21. Comply with and enforcing applicable legal and regulatory requirements, relevant industry standards, contractual obligations and our policies
    22. Provide you with tailored content and marketing messages such as recommending other products or services we believe you may be interested in
    23. For other purposes required by law or regulation

B. How do we share your information?

We may share the information about you and your dealings with us, to the extent permitted by law, with the following:

  1. Sterling Branches and subsidiaries
  2. Legal/Regulatory Authorities – It may be necessary by law, legal process, litigation, and/or requests from public and governmental authorities for FITC to disclose your personal information. We may also disclose information about you if we determine that for purposes of national security, law enforcement, or other issues of public importance, disclosure is necessary or appropriate
  3. Professional Advisers: Auditors/Legal Advisers
  4. Credit Agencies
  5. Correspondent Banks
  6. External Auditors
  7. Strategic partners/service providers – for the purpose of providing our services to you. Your Personal information will not be shared with third parties for their marketing purposes

We may also disclose your Personal Information in the good faith and belief that such action is necessary in any of the following circumstances:

  1. We have your consent to share the information
  2. To comply with a legal obligation
  3. To bring you improved service across our array of products and services, when permissible under relevant laws and regulations, by disclosing your personal information with Sterling Bank's affiliated websites and businesses
  4. To protect and defend the rights or property of the Bank
  5. To prevent or investigate possible wrongdoing in connection with our Service
  6. To protect the personal safety of users of our Service or the public
  7. To protect against legal liability
  8. in the event of a reorganization, merger, or sale we may transfer any and all personal information we collect to the relevant third party or
  9. We find that your actions on our web sites or banking applications violate any part of our Privacy Policy

C. How we secure your information

We have implemented appropriate organizational and technical measures to keep your Personal Information/Data confidential and secure. This includes the use of encryption, access controls and other forms of security to ensure that your data is protected. We require all parties including our staff and third-parties processing data on our behalf to comply with relevant policies and guidelines. Where you have a password which grants you access to specific areas on our site or to any of our services, you are responsible for keeping this password confidential. We request that you do not to share your password or other authentication details (e.g., token generated codes) with anyone.

Although we have taken measures to secure and keep your information confidential, because the security of your data is important to us, please be aware that no method of transmission over the Internet, or method of electronic storage can guarantee 100% security at all times. While we strive to use commercially acceptable means to protect your Personal Data, we cannot guarantee its absolute security, you are responsible for securing and maintaining the privacy of your password and Account/profile registration information and verifying that the Personal Data we maintain about you is valid, accurate and up to date. If we receive instructions using your account login information, we will consider that you have authorised the instructions and process your instruction accordingly and without incurring any liability for doing so.

D. How long we keep your information.

We retain your Information for as long as the purpose for which the information was collected continues. The information is then securely destroyed unless its retention is required to satisfy legal, regulatory, internal compliance or accounting requirements or to protect Sterling’s interest.

Please note that regulations may require Sterling to retain your personal data for a specified period even after the end of your banking relationship with us.

E. Your Rights

You have certain rights in relation to the personal data we collect as provided by the Nigeria Data Protection Regulation 2019 (NDPR), these rights include:

  1. A right to access your personal data
  2. A right to rectify/update your information in our possession
  3. A right to request the erasure of personal data
  4. A right to withdraw your consent to processing of personal data. This will however not affect the legality of processing carried out prior to any such withdrawal
  5. Right to object to processing of personal data. This will only be applicable where there are no legal or operational reasons
  6. Request that your personal data be made available to you in a common electronic format and/or request that such data be sent to a third party
  7. Request that your information be erased. We might continue to retain such data if there are valid legal, regulatory or operational reasons

F. Privacy of minors

We do not knowingly collect names, email addresses, or any other personally identifiable information from children through the internet or on the Platform. We do not allow children under the age of 18 to open accounts nor provide online banking services for children less than 18 years of age without the consent of a guardian. If you are a parent or guardian and you are aware that your child has provided us with Personal Data without verification of parental consent, please promptly contact us.

G. Third Party Websites

Our website, related websites and mobile applications may have links to or from other websites that are not operated by us. We have no control over and assume no responsibility for the security, privacy practices or content of third-party websites or services. We recommend that you always read the privacy and security statements on these websites.

H. Service Providers

We may employ third party companies and individuals to facilitate our services on the SnapCash Platform (web or mobile) to provide the lending service on our behalf, to perform specific Service-related roles, or to assist us in analyzing how our Service is used. These third parties have access to your Personal Data only to perform these tasks on our behalf and are obligated not to disclose or use it for any other purpose outside of the service-specific need for which the data is required.

I. Changes to this Policy

This Privacy Policy is effective as of the date stated above and will remain in effect except with respect to any changes in its provisions in the future, which will be in effect immediately after being posted on our website.

Based on the changing nature of privacy laws, user needs and our business, we may modify this Privacy Policy from time to time. Any change to our privacy policy will be communicated on our website, via email or by placing a notice on our Platform and this will be effective as soon as published. Accordingly, we encourage periodic reviews of this Privacy Policy for awareness of any changes that may have occurred. Your continued use of the Services after we post any modifications to the Privacy Policy on our website will constitute your acknowledgment of the modifications and your consent to abide and be bound by the modified Privacy Policy.

Contact

We are committed to resolving your privacy complaints and concerns as quickly as possible and have procedures in place to help resolve any problems or complaints efficiently. If you have any questions about this Privacy Policy, please contact us at hello@snapcash.ng or call 02017004271.