Update Date:  Aug 12^th 2024

1. Introduction

Welcome to Yariex Pay. We are committed to protecting the privacy of our users and ensuring that your information is handled securely and responsibly. This Privacy Policy outlines how we collect, use, and protect the data you provide when using our payment rail services.

2. Information We Collect

a. Organizational Information for KYB:

• Details Collected: When your organization registers with Yariex Pay, we collect essential Information to perform Know Your Business (KYB) checks. This includes your organization's legal name, registration number, business address, and details of key personnel.

b. Payer and Payee Information:

• Payer Information: We collect Information about the payer, including the organization's name, bank account details, and other relevant financial Information.
• Payee Information: Similarly, we collect the name, bank account details, and other necessary Information about the payee to facilitate payment processing.

3. How We Use Your Information

Yariex uses the collected Information for the following purposes:

• Payment Processing: To facilitate accurate and secure transactions between payers and payees.
• Compliance: To conduct necessary KYB checks and comply with regulatory requirements, including anti-money laundering (AML) laws.
• Service Enhancement: To improve our platform's performance and add new features that benefit our users.
• Communication: To send important updates regarding our services, including notifications about transactions.

4. Information Sharing and Disclosure

We do not sell your personal or organizational Information. However, we may share your data with trusted third parties under the following circumstances:

• Service Providers: We may share Information with third-party service providers who assist us in payment processing, identity verification, and compliance checks.
• Legal Compliance: We may disclose Information if required by law or in response to legal requests such as subpoenas or government orders.

5. Data Security

• Yariex takes extensive measures to protect your data from unauthorized access or disclosure. We use advanced encryption, secure access protocols, and conduct regular security audits to ensure the safety of your Information.

6. Data Retention

• We retain your Information only as long as necessary to fulfill the purposes outlined in this Privacy Policy and comply with legal obligations. Typically, this is at least seven years following the termination of our services with you.

7. Your Rights and Choices

You have the right to:

• Access Information: Request access to the Information we hold about you.
• Update Information: Correct any inaccuracies in the data we have.
• Delete Information: Request the deletion of your personal Information, subject to legal and contractual obligations.

To exercise these rights, please contact us at [email protected].

8. International Data Transfers 

• Yariex may transfer your Information to countries outside your jurisdiction, including countries that may not have the same data protection laws as your own. When we do so, we ensure that appropriate safeguards are in place to protect your Information.

9. Changes to This Privacy Policy 

• We may update this Privacy Policy from time to time. Any changes will be posted on this page, and we will notify you of significant changes through our platform or by email. Your continued use of Yariex Pay after any modifications indicates your acceptance of the updated policy.

10. Contact Us

• If you have any questions or concerns about this Privacy Policy or how we handle your data, please contact us at: [email protected]  

Yariex Group Corp.