1. Introduction
PEDA Digital Service Limited (“PEDA”, “we”, “our”, or “us”) is a company registered under the Corporate Affairs Commission (CAC) of the Federal Republic of Nigeria. We operate the PEDA mobile application and website (peda.ng), collectively referred to as the “Platform”.
This Privacy Policy explains how we collect, use, store, and protect your personal information when you use our Platform. By creating an account or using any of our services, you consent to the practices described in this policy.
2. Services We Offer
PEDA provides the following financial and digital services:
- Local money transfers (bank-to-bank within Nigeria)
- Airtime and data purchases
- Gift card trading (we buy gift cards from users)
- Cryptocurrency buying and selling
3. Information We Collect
3.1 Account Registration Information
When you create an account on PEDA, we collect the following personal information:
- First Name and Last Name
- Username
- Email Address
- Phone Number
- Password (stored in encrypted form)
3.2 Know Your Customer (KYC) Information
To comply with Nigerian financial regulations and to verify your identity, we collect:
- Bank Verification Number (BVN) — for identity verification
- National Identification Number (NIN) — for identity verification
- Residential Address — for address verification
3.3 Transaction Data
We automatically collect information about your transactions on the Platform, including transfer details, airtime and data purchase records, gift card trade records, and cryptocurrency transaction records.
3.4 Device and Usage Information
We may collect technical information such as your device type, operating system, IP address, and usage patterns to improve our services and ensure Platform security.
4. How We Use Your Information
We use your personal information strictly for the following purposes:
- To create and manage your PEDA account
- To verify your identity and comply with KYC/AML regulations
- To process your transactions (transfers, airtime, data, gift cards, crypto)
- To communicate with you about your account, transactions, and Platform updates
- To detect and prevent fraud, unauthorised access, and other illegal activities
- To comply with applicable Nigerian laws and regulations
- To improve and maintain the security and functionality of our Platform
5. We Do Not Share Your Personal Information
PEDA does not sell, rent, lease, or share your personal information with any third party.
Your data is used exclusively for operating the Platform and providing our services to you. We do not share your information with advertisers, marketing companies, data brokers, or any other external parties.
The only exceptions where limited disclosure may occur are:
- When required by a valid court order or directive from a Nigerian regulatory authority (such as the Central Bank of Nigeria, NDIC, EFCC, or other law enforcement agencies)
- When necessary to protect the rights, safety, or property of PEDA and its users
- When required to comply with applicable Nigerian laws, including the Nigeria Data Protection Regulation (NDPR) and the Nigeria Data Protection Act (NDPA)
6. Data Security
We implement robust technical and organisational measures to protect your personal information, including:
- Encryption of passwords and sensitive data
- Secure transaction processing with PIN and biometric authentication
- Regular security audits and monitoring
- Access controls to limit who can view your information within our organisation
While we take every reasonable precaution, no method of electronic storage or transmission is 100% secure. We continuously work to enhance our security measures.
7. Data Retention
We retain your personal information for as long as your account is active or as needed to provide our services. If you close your account, we may retain certain information as required by Nigerian financial regulations or to resolve disputes and enforce our agreements.
8. Your Rights
Under the Nigeria Data Protection Act (NDPA) and the Nigeria Data Protection Regulation (NDPR), you have the right to:
- Access the personal data we hold about you
- Request correction of inaccurate or incomplete data
- Request deletion of your personal data (subject to legal and regulatory retention requirements)
- Withdraw your consent to data processing
- Lodge a complaint with the Nigeria Data Protection Commission (NDPC)
To exercise any of these rights, please contact us using the details provided below.
9. Cookies and Tracking
Our Platform may use cookies and similar technologies to enhance your experience and improve our services. You can manage cookie preferences through your browser or device settings.
10. Children’s Privacy
PEDA services are not intended for individuals under the age of 18. We do not knowingly collect personal information from minors. If we discover that a minor has provided us with personal information, we will promptly delete it.
11. Changes to This Privacy Policy
We may update this Privacy Policy from time to time. Any changes will be posted on our Platform with an updated effective date. We encourage you to review this policy periodically. Continued use of the Platform after changes are posted constitutes your acceptance of the updated policy.
12. Contact Us
If you have any questions, concerns, or requests regarding this Privacy Policy or your personal data, please contact us at:
PEDA Digital Service Limited
Website: peda.ng
Email: support@peda.ng