DATA PRIVACY POLICY
Last Updated
08-10-2025
1. Information We Collect
When processing foreign payments, we may collect the following types of information:-
– Personal details: name, email address, phone number, billing/shipping address.
– Business details: company name, tax identification number, and registered address.
– Payment details: bank account information, SWIFT/IBAN code, transaction ID, and payment amount.
– Verification documents: identity proof, tax forms, or compliance certificates.
2. Purpose of Data Collection
We collect and use this information solely for:
– Processing and verifying international payments.
– Generating invoices, receipts, and financial records.
– Complying with tax, accounting, and anti–money laundering (AML) regulations.
– Resolving transaction or payment disputes.
– Maintaining client communication and contract fulfillment.
We do not sell, rent, or share your personal information with third parties for marketing purposes.
3. Legal Basis for Processing
Our collection and use of personal data are based on:
– Contractual necessity (to perform our obligations under a service agreement).
– Legal compliance (to adhere to foreign exchange, taxation, and AML laws).
– Legitimate business interests (to maintain business operations and ensure payment security).
4. Data Storage and Security
– All data is stored on secure, encrypted systems.
– Banking details are shared only with authorized personnel and financial institutions.
– Encryption (SSL/TLS) and secure transmission protocols are used for all electronic communication.
– Access to sensitive information is restricted through authentication and role-based controls.
5. International Data Transfers
Since payments involve banks and gateways in multiple countries, your data may be transferred across borders. We ensure that:
– Transfers comply with applicable data protection laws such as GDPR (Europe), DPDP Act (India), or other regional laws.
– Our service providers and payment processors maintain adequate safeguards (such as Standard Contractual Clauses or Privacy Framework certification).
6. Data Retention
We retain payment-related records for as long as required by:
– Tax and accounting regulations.
– RBI/FEMA or equivalent foreign exchange laws.- Anti–money laundering (AML) compliance requirements.
After the retention period, data is securely deleted or anonymized.
7. Data Sharing
We may share limited data only with:
– Authorized banks or financial intermediaries involved in the transaction.
– Regulatory authorities when required by law.
– Third-party service providers (e.g., accounting software, auditors) under confidentiality agreements.
8. Your Rights
Depending on your jurisdiction, you may have the right to:
– Access, correct, or delete your personal data.
– Withdraw consent (where applicable).
– Request data portability or object to processing.
To exercise these rights, please contact us at info@missabcon2026.com
9. Data Breach Procedure
In the unlikely event of a data breach, we will:
– Notify affected clients within a reasonable time.
– Take immediate steps to secure compromised systems.
– Cooperate with authorities and payment processors to prevent misuse.
10. Updates to This Policy
We may update this Data Privacy Policy periodically. Updates will be posted on our website with the new effective date. Continued use of our services indicates acceptance of the updated policy.
11. Contact Us
For privacy-related concerns, please contact:
info@missabcon2026.com
www.missabcon2026
