Privacy Policy

Last updated: May 30, 2024

This Privacy Policy describes our policies and procedures on the collection, use, and disclosure of your information when you use the Pfund Mobile Application (the "Service"). It informs you about your privacy rights and how the law protects you. By using the Service, you agree to the collection and use of information in accordance with this Privacy Policy.

Interpretation and Definitions

Interpretation

The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or plural.

Definitions

• Account means a unique account created for You to access our Service or parts of our Service.
• Company (referred to as either “the Company”, “We”, “Us” or “Our” in this Agreement) refers to PFund LLC, 439 Elias Avenue University of Nigeria Nsukka, Enugu State, Nigeria.
• Digital Cash Tokens are small data files that are placed on Your mobile device.
• Country refers to Enugu, Nigeria.
• Device means any device that can access the Service such as a computer, a cell phone, or a digital tablet.
• Personal Data is any information that relates to an identified or identifiable individual.
• Service refers to the Pfund Mobile Application.
• Service Provider means any natural or legal person who processes the data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, or to assist the Company in analyzing how the Service is used.
• Website refers to Pfund.io, accessible from https://www.pfund.io.
• You mean the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.

Collecting and Using Your Personal Data

Types of Data Collected

While using Our Service, We may ask You to provide Us with certain personally identifiable information that can be used to contact or identify You. Personally identifiable information may include, but is not limited to:

• Personal Information: Name, Email address, Profile picture, Mobile numbers.
• Transaction Data: Transaction amounts, Timestamps, Transaction IDs.
• Device Information: Device model, Operating system, Unique device identifiers, Other diagnostic data.

How We Use Your Information

• Authentication and Security: To authenticate users and ensure that only legitimate devices can perform transactions.
• Transaction Verification: To verify the authenticity of each transaction and prevent double-spending.
• Service Improvement: To enhance the performance, security, and user experience of PFUND.

Data Security Measures

Encryption

All sensitive data, including transaction details and personal information, is encrypted using industry-standard encryption methods.

Integrity Tests

PFUND implements application integrity tests to prevent modified or malicious applications from communicating with our servers.

Algorithmic Key Pairs

This algorithmic flow is used to authenticate and verify transactions offline.

Image Verification

To prevent unauthorized use of PFUND wallets, we link profile pictures to user accounts. During offline communication, the image is used to verify the user's identity.

Retention of Your Personal Data

We retain personal and transaction data for as long as necessary to fulfill the purposes outlined in this Privacy Policy and comply with legal obligations. Users can request the deletion of their data by contacting us directly.

Transfer of Your Personal Data

Your information may be transferred to computers located outside of Your jurisdiction where the data protection laws may differ. The Company will ensure that Your data is treated securely and no transfer will occur unless adequate controls are in place.

Disclosure of Your Personal Data

Business Transactions

If the Company is involved in a merger or asset sale, Your Personal Data may be transferred.

Law Enforcement

The Company may be required to disclose Your Personal Data under certain circumstances, such as complying with legal obligations or in response to valid requests by public authorities.

Security of Your Personal Data

We strive to use commercially acceptable means to protect Your Personal Data, but no method of transmission over the Internet or electronic storage is 100% secure. We cannot guarantee its absolute security.

Children's Privacy

Our Service does not address anyone under the age of 13. If we become aware of Personal Data collected from anyone under 13 without parental consent, we will take steps to remove that information from Our servers.

Links to Other Websites

Our Service may contain links to third-party websites that are not operated by Us. We strongly advise You to review the Privacy Policy of every site You visit.

Changes to this Privacy Policy

We may update Our Privacy Policy from time to time. You are advised to review this Privacy Policy periodically for any changes.

Contact Us

If you have any questions about this Privacy Policy, you can contact us:

• By mail: support@pfund.io
• Address: 439 Elias Avenue University of Nigeria Nsukka, Enugu State, Nigeria.

By using PFund, you agree to the terms outlined in this Privacy Policy. Thank you for trusting PFund with your offline payment needs.