TranSave is the trading name of Transave Technologies Limited, a subsidiary of Peace Microfinance Bank and duly registered in Nigeria. This Agreement is between Transave Technologies (referred to as “Transave”, “us”, “we” or “our”) and you, the Transave Account Holder. Your Transave Account is maintained by VFD Bank on our behalf.
As the data collector, Transave ("we" “us” “our”) is committed to protecting and respecting your privacy. This policy sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us. Please read the following carefully to understand our views and practices regarding your personal
data and how we will treat it. By visiting https://www.transave.com.ng
(“our site”) you are accepting and consenting to the practices described in this policy. The collection and processing of your personal data is in accordance with the National Information Technology Development Agency Act 2007 (the “Act”), Nigeria Data Protection
Regulation 2019 (the “Regulations”) and the provisions and prescriptions of Section 5; Part 1 and Part 2 of National Information Systems and Network Security Standards and Guidelines.
Information we collect from you and how we collect them
● Information submitted through Transave app or website
When you sign up to Transave, you provide details such as your name, date of birth, gender, email, phone number, photograph, address, valid identification document (international passport, permanent voter’s card, driver’s license, national identity card) and Bank Verification Number (BVN). We will only use this information in strict accordance with the law.
*Please note that it is not possible to open an account if you don’t provide your personal data.
● Your transaction details
All cards, phone numbers and accounts you use during transactions (Bank transfers, Airtime purchase, account funding, bill payment) on Transave.
● Information you give us permission to access on your phone
This includes things like your phone book (contacts), device storage, location, photo and data from your camera.
● Device Information
Your internet service provider, your IP address, device make and model, the date and time you access Transave services. This information is used to help improve our services to you.
What we do with your information We use the information to:
● Track and analyze big data.
"Big Data" means extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behaviour and interactions.
Transave will only ever perform such Big Data processing on anonymized data, i.e. data that is not linked to a specific person.
Example: We might want to understand how age groups of our customers relate to the usage of Transave features so that we can tailor our product better.
● Develop new features, services and products.
● Prevent criminal activities like money laundering and fraud.