Please read this carefully as this policy is legally binding when you purchase our products or use our service or mobile application.
MPower (referring to MPower Ventures AG and all MPower-Group companies) takes data privacy and protection very seriously! In the course of our activities, especially with regards to product development and financing services, we need to gather and use certain information about individuals and companies. This policy explains
We regularly review industry best practice and ensure that we meet high standards of data protection at all times and comply with the law.
We process your personal to gather data which is necessary for (i) the provision of the requested products and services, including necessary loan if applicable, in fulfilment of our contractual relationship; (ii) credit assessment; (iii) risk reduction and management related to the sale of our products; (iv) impact measurements; (v) the management, support, improvement and further development of our business, products and services; and (vi) market research. We also use your personal data to ask you for feedback and to notify you of important developments, new products and initiatives.
We process information from your devices to (i) activate or deactivate your device depending on its credit status, (ii) to monitor and investigate whether your device is being used in accordance with our terms and conditions found on our website and in the relevant product manual, (iii) investigate cases of fraud or illegal activity, (iv) monitor device performance including battery performance and charging information for the purposes of troubleshooting, data analysis, testing, research, statistical and survey purposes, (iv) to determine use location information to tailor our services according to the needs of a specific location.
We may also combine the information we receive from third-party sources with the information you give to us and the information we collect about you. We may use this information and the combined information for the purposes set out above (depending on the types of information we receive).
We also process data to comply with applicable laws, regulations, and rules, such as those relating to “know-your-customer” and anti-money laundering requirements.
When do we collect your data?
We are collecting your data when you:
We might process the following information about you:
a) Information you give us when we enter into a contract:
When you purchase our products or services you provide us with your personal details in our customer agreement. These include your name, email address, occupation, birth date, gender, mobile number, national identity number (or other similar identification numbers as applicable), geographical location, and physical address (“personal details”).
When you purchase our product, we may also need additional financial information from you such as your daily income/purchase potential or any information needed to comply with the terms and conditions of our contract with you, for the particular service.
b) Information we collect about you from the use of our products and services:
We process the payments you make to us and your account information when using our services. We process your overall account balance and payment history. We process your information when you call or otherwise contact us via SMS or USSD, to either report a problem or discuss an issue.
We process your location when analysing your device performance, and during repairs and replacement of the products and services, and while investigating fraud. We process usage data of your device.
c) Information from our website, engaging on social media or using a MPower application:
If you visit our website, we may use cookies to process information about you to distinguish you from other users and to improve your experience. If we do so, we will publish a respective cookies policy.
If you are engaging via social media with us, we may process your profile data, information about your product preferences, your social network and payment capabilities.
If you use a MPower application, we may process beside your personal details also information regarding your living and energy supply situation, your energy need and product preferences.
d) Information from third parties:
We may be processing information about you that we receive from third parties including Credit Reference Bureaus, Mobile Network Providers, Data and Analytics Firms, Business Process Outsourcing Firms and Financial Institutions.
The collection of the information under (a), (b) and (c) is mandatory. The failure to freely consent and provide any of the above-listed information would prevent us from entering into an agreement with you and would prohibit us from providing any products and services to you.
We care about the security of your data. We use encryption to protect sensitive information and personal data. We also protect your information offline. Only employees who need the information to perform a specific job are granted access to personally identifiable information.
We are obliging our affiliates, subcontractors or any permitted third party listed below that we may share your data with (“partners”), contractually to secrecy and to refrain from any use of your data exceeding the scope if this Privacy Policy or for their own purposes. Our partners may be based abroad, where a different data protection legislation applies.
We take reasonable steps to verify your identity before granting you access to our services. As you will know, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data during transmission, and any transmission is at your own risk.
We store your data for the duration of the use of our product or our services. If you have terminated any contractual relationship with us, MPower, its affiliates or its service providers may retain data for as long as is required under applicable law in order to determine your eligibility for additional products or services, to perform analytics and help improve future product offerings and services or otherwise for backup, archival, and/or audit purposes.
We will not share, rent, sell, trade, or otherwise disclose any of your data except in accordance with this Privacy Policy or when we have your permission.
We may share your data with the following, selected third parties including:
By using our services or products, you consent to our Privacy Policy. You further consent to the transfer, storing or processing of your personal information and device information to any country in which MPower, its affiliates or service providers maintain activities. In these cases, we ensure that both ourselves and our service providers take adequate and appropriate technical, physical and organisational security measures to protect your personal information and device information and the use and disclosure of your personal information and device information as described in this policy.
If we sell or otherwise transfer part or the whole of MPower or our assets to another organisation (in the course of a transaction like a merger, acquisition, bankruptcy, dissolution, liquidation), your information may be among the items sold or transferred. The buyer or transferee will have to honor the commitments we have made in this Policy.
Subject to applicable data privacy laws, you have the right to:
MPower may modify or update this policy from time to time, so please review it periodically. We may provide you additional forms of notice of modifications or updates as appropriate under the circumstances. Your continued use of our products and services after any modification to this policy will constitute your acceptance of such modification.
If you have any questions about this privacy policy or our products and services, please send us an e-mail. You may also request information, correction or deletion (if applicable) of your personal data by sending an email to info@mpower.africa