Privacy Policy

VZCREDIT is a trusted digital lending platform developed by VERIZON-BEEN TECHNOLOGY LIMITED, dedicated to providing Nigerian users with fast, secure, and convenient financial services. We are fully certified by the Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria, ensuring that all our operations strictly comply with regulatory standards and consumer protection laws.

At VERIZON-BEEN TECHNOLOGY LIMITED, we firmly believe that financial inclusion is the key to empowering both individuals and businesses. The VZCREDIT app is designed with a simple and intuitive user experience, allowing users to apply for loans anytime, anywhere, with a streamlined process, quick approval, and reliable access to funds.

This Privacy Policy explains how we collect, use, store, share, and protect your personal information when you use our mobile application, website, and related services.

By downloading, registering, or using VZCREDIT, you acknowledge and agree to this Privacy Policy. If you do not agree, please discontinue use of our Services.

1. Definitions

• Account – Your unique profile used to access our Services.
• Application – The VZCREDIT mobile app provided by Verizon-Been Technology Limited.
• Cookies – Small text files stored on your device to enhance user experience.
• Country – Nigeria.
• Device – Any smartphone, tablet, or electronic device that can access the Service.
• Personal Data – Information that can directly or indirectly identify you.
• Service Providers – Third-party companies or individuals engaged to process data on our behalf.
• Usage Data – Automatically collected data about how you interact with our Services.
• Website – VZCREDIT official site (if applicable).
• You/User – Any individual or legal entity using our Services.

2. Data We Collect

2.1 Personal Data

When you use VZCREDIT, we may request information such as:

• Full name
• Email address
• Phone number
• Date of birth
• Gender
• Residential address (state, city, postal code)
• Bank Verification Number (BVN)
• Photos or identification documents (for verification)
• Emergency contact details
• Bank card or account information
• Face information

2.2 Usage Data

We may automatically collect technical information, including:

• IP address and device identifiers
• Mobile device type and operating system
• Browser type and version
• App activity logs (time spent, pages viewed, interactions)

2.3 App Permissions

To provide our Services, VZCREDIT may request access to:

• Location – To confirm loan eligibility within Nigeria.
• Calendar/Reminders – To help you track repayment schedules.
• Camera — Used to capture ID documents and perform facial recognition verification.
• Photos – For uploading ID verification documents.
• Advertising ID (IDFA) – To improve app performance and personalize experience.

You can manage or revoke permissions in your device settings, but certain features may not function properly without them.

3. Collection and Use of Facial Recognition Information

When users register and log in to this application and proceed to the loan application process, they will be required to undergo facial recognition verification. In this section, we explain the collection, use, disclosure, sharing, and retention of facial recognition information:

3.1 Scope of Collection

• When you perform facial recognition, we will collect static facial image information captured through your device’s camera.
• To complete identity verification, we may compare your facial information with the registration details you provided, such as your name and ID number.

3.2 Purpose of Collection

• To confirm that the loan applicant is the account holder, prevent others from fraudulently applying for loans using your identity, and ensure the security of your account and funds.
• To assist us in conducting risk assessments and fraud detection.

3.3 Use of Information

• Your facial recognition information will only be used within this application for necessary identity verification and risk control processes.
• We will not use your facial recognition information for any purposes unrelated to loan services.

3.4 Sharing and Disclosure

• We will not share, sell, or disclose your facial recognition information to any third-party companies.
• Unless required by laws, regulations, or mandatory requests from regulatory authorities, your information will not be provided externally.

3.5 Storage and Retention

• Your facial recognition data will be encrypted and stored on our own servers: https://www.verontechnltd.online.
• If your loan application is approved, we will delete the relevant data upon your account cancellation (a new facial recognition process will be required if you register again).
• If your loan application is not approved, we will delete the relevant data within 24 hours to ensure the security of your information.

4. How We Use Your Data

We use your data to:

• Provide, operate, and improve our Services.
• Verify your identity and assess loan applications.
• Communicate with you via SMS, phone, email, or push notifications.
• Send reminders, repayment notices, and service updates.
• Prevent fraud and ensure security.
• Comply with Nigerian regulatory requirements.
• Offer personalized promotions (with your consent).

We may share your information with:

• Service Providers (e.g., cloud storage, analytics, customer support).
• Business Partners (for co-branded services or promotions).
• Regulatory Authorities, as required under Nigerian law.
• Affiliates within our corporate group.
• Other third parties, only with your explicit consent.
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5. Data Retention

Your Personal Data will be retained only as long as necessary for the purposes described in this Privacy Policy or as required by Nigerian law. Once data retention is no longer required, we will securely delete or anonymize your data.

6. International Data Transfers

Your information may be transferred or processed outside Nigeria (for example, via international cloud services). We ensure adequate safeguards are in place to protect your privacy in accordance with Nigerian and international data protection standards.

7. Data Disclosure

We may disclose your Personal Data:

• To comply with applicable laws or legal obligations.
• To protect the rights, property, or safety of Verizon-Been Technology Limited.
• To investigate fraud or unlawful activities.
• In connection with a merger, acquisition, or transfer of assets.

8. Data Security

We implement technical and organizational security measures to safeguard your information. However, no electronic storage or transmission method is completely secure. While we strive to protect your data, we cannot guarantee absolute security.

9. Children’s Privacy

VZCREDIT is not intended for individuals under the age of 18. We do not knowingly collect data from minors. If you are a parent or guardian and believe a child has provided personal data, please contact us to request its deletion.

10. Your Rights

As a user, you have the right to:

• Access and request a copy of your personal data.
• Correct inaccurate or incomplete data.
• Request deletion of your data (subject to legal obligations).
• Withdraw consent for data processing.
• Object to direct marketing.

To exercise your rights, please contact us via the details provided in Section 12.

11. Changes to this Privacy Policy

We may update this Privacy Policy from time to time to reflect changes in law, technology, or business practices. Updates will be published within the app and/or on our website, with a revised “Last Updated” date. Your continued use of the Services means you accept the updated policy.

12. Contact Us

If you have any questions or concerns about this Privacy Policy, please contact us:

📧 Email: moses@verontechnltd.online

🏢 Address: 27, KOKUMO STREET, AGUDA, OGBA, LAGOS STATE, NIGERIA