This Privacy Policy outlines how PayOn collects, uses, maintains, and discloses information gathered from users (each referred to as a "User") of the PayOn.mn application. This privacy policy is applicable to the application and all products and services provided by PayOn.
Personal Identification Information
We may collect personal identification information from Users in various ways, including, but not limited to, when Users visit our application, register, subscribe to the newsletter, respond to a survey, complete a form, and engage with other activities, services, features, or resources available on our application. Users might be asked for their name, email address, and phone number, as necessary. However, Users can browse our Site anonymously. We will only collect personal identification information from Users if they voluntarily provide such information. Users may choose not to supply personally identifiable information, but this may prevent them from participating in certain application-related activities.
Non-Personal Identification Information
We may collect non-personal identification information about Users whenever they interact with our application. This information may include the browser name, type of computer, and technical details regarding Users’ means of connection to our Site, such as the operating system, internet service providers used, and similar information.
How We Collect Information
PayOn may collect and use Users' personal information for the following purposes:
Information that you provide while using PayOn services, such as your name, address, email, mobile number, and details of the service you require from PayOn.
We may also collect sensitive information from you, including your bank account number, date of birth, national ID number, passport number, and driver’s license number. Information about how you use the PayOn service, including your bank transaction history and the details of to whom you send or receive money using PayOn.
Use of Data
The collected data may be used for various purposes:
To perform credit checks
To provide PayOn services
We may collect health-related data from your device, such as your step count, to offer certain features or rewards within the application.
To maintain legal and regulatory compliance: Most of our core Services are subject to laws and regulations that require us to collect, use, and store your personal information in specific ways. For example, PayOn must identify and verify customers using our Services to comply with commercial lending laws across jurisdictions.
To detect and prevent fraud
To notify you about changes to our Service
To enable you to participate in interactive features of our Service if you choose
To provide customer support
How We Protect Your Information
We implement appropriate data collection, storage, and processing practices and security measures to guard against unauthorized access, alteration, disclosure, or destruction of your personal information, username, password, transaction information, and data stored on our application.
Sharing Information with Others
PayOn will not sell or lease the information we collect to third parties for their promotional purposes without your consent. However, we may share personal information about you as follows:
To entities or service providers under contract with PayOn for conducting our business and providing services to you, including transaction processing, fraud prevention, and professional advisors such as solicitors, business advisors, and consultants.
Entities we partner with to offer additional products and services, but only if you choose to receive information about those additional products and services.
In the event of the sale, acquisition, or merger of some or all of our assets, your personal information might be included in the transferred assets. We will notify you of such an event by placing a notice on our website.
Law enforcement and government officials, but only in response to a formal request, subpoena, court order, or similar legal process, or when we believe in good faith that disclosure is necessary to comply with the law, report suspected illegal activity, or investigate violations of our User Agreement.
Data Deletion
According to Article 22.2 of the Law on deposits, loans, and banking transactions in Mongolia, NBFI's must keep a loan file for each issued loan. In accordance with this law, information cannot be deleted from the loan file at the customer's request until the loan agreement period ends. Other information may be deleted if requested by the customer at the “Tavan Bogd Finance NBFI” branch.
For more information on the act, please visit: https://legalinfo.mn/mn/detail?lawId=16230554816671
Law Enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required by law or in response to valid requests by public authorities (e.g., a court or a government agency).
Changes to this Privacy Policy
PayOn reserves the right to update this privacy policy at any time. When changes are made, we will revise the updated date at the bottom of this page. We encourage Users to review this page frequently for any changes to stay informed about how we are helping to protect the personal information we collect. You acknowledge and agree that it is your responsibility to review this privacy policy periodically and be aware of modifications.
Your Acceptance of These Terms
By using this application, you signify your acceptance of this policy. If you do not agree with this policy, please do not use our application. Continuing to use the application following the posting of changes to this policy will be considered your acceptance of those changes.
Contact Us
If you have any questions or suggestions about our Privacy Policy, do not hesitate to contact us at info-tbfinance@tavanbogd.com