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POLICY UPDATED MARCH 2026

Privacy Policy

At SkySavings, we understand that handling your daily, weekly, and monthly thrift contributions requires immense trust. We are fully committed to protecting your personal information and your right to privacy. When you visit our website, mobile application, and use our financial services, you trust us with your personal data.

In short: We do not sell your personal or financial records to any third-party marketing companies. Your data is strictly used to facilitate your savings groups, verify your KYC documents, and securely process payouts to your active bank accounts.

1. What Information Do We Collect?

We collect personal information that you voluntarily provide to us when registering on the SkySavings platform, expressing an interest in obtaining information about our Groups and Agents, or when contacting our customer support team.

  • Personal Data: Names, phone numbers, email addresses, and contact preferences.
  • Financial Data: Bank account numbers, transaction hashes via Monnify/Paystack, and withdrawal logs.
  • KYC Documents: National Identity Cards, driver's licenses, or utility bills required for verifying our Tier-1 Savings Agents.

2. How Do We Use Your Information?

We process your information for purposes based on legitimate financial operations, the fulfillment of our contract with you (managing your thrift wallet), compliance with local Nigerian anti-money laundering laws, and with your explicit consent.

  • To enable your dedicated Agent to monitor and approve your daily savings contributions.
  • To facilitate group creation, participant queuing, and automated rotational payouts.
  • To notify you of failed transactions or missing cycle payments via SMS/Email.

3. Will Your Information Be Shared?

We only share information with your consent, to comply with laws, to provide you with secure payment gateways (like Paystack/Monnify), to protect our rights, or to fulfill legal banking obligations. Your name and masked financial reputation may be visible exclusively to the verified Agent managing your specific thrift rotation group.

4. How Long Do We Keep Your Information?

We will only keep your personal information for as long as it is necessary for the purposes set out in this privacy policy, unless a longer retention period is required or permitted by tax and accounting regulations.