Privacy Policy

Last updated: Sep 04, 2025

BAYAR Pay Inc. (“BAYAR”, ”we”, “us”, or “our”)

At BAYAR, we respect your privacy and are committed to protecting it. This Privacy Policy explains how we collect, use, and safeguard your personal information when you use our services. By using BAYAR, you agree to the terms outlined here.

1. Who We Are

BAYAR Pay Inc. is a financial technology company providing a global peer-to-peer payment app built on the Solana blockchain. Our service allows users to send and receive payments in USDC (a regulated digital dollar) using only a phone number or QR code.

BAYAR Pay Inc. acts as the Data Controller for personal data processed through the BAYAR app.

2. What Information We Collect

When you use BAYAR, we may collect the following information:

  • Account Information: Your phone number, chosen authentication method, and security PIN.

  • Transaction Information: Details of payments you send or receive (amount, timestamp, wallet address).

  • Technical Information: Device type, operating system, IP address, and usage data for performance and fraud prevention.

  • On/Off-Ramp Information: When you buy or sell USDC using our partner OnRamper, their KYC/AML processes apply. We do not see or store your ID documents, but may receive confirmation of verification.

We do not collect or store your private wallet keys or funds. You remain in full control of your assets at all times.

3. What We Don’t Collect

  • We do not request or store government-issued identification or personal documents, except when required by OnRamper for fiat conversion.

  • We do not sell, rent, or monetize your personal data through advertising or third-party data sharing.

  • We do not have access to your private keys; only you can unlock your wallet with your personal PIN.

4. How We Use Your Information

We process your personal data only as necessary to:

  • Securing and providing access to your account.

  • Processing transactions securely via the Solana blockchain.

  • Protecting against fraud, abuse, and money laundering.

  • Complying with legal obligations.

  • Improving and optimizing the BAYAR app experience.

5. Legal Basis for Processing (GDPR)

Under GDPR, we rely on the following legal bases for processing your data:

  • Contract performance: To deliver our payment services.

  • Legal obligation: To comply with anti-money laundering and fraud prevention rules.

  • Consent: When you choose optional services.

  • Legitimate interest: To improve services and maintain security.

6. How We Share Your Information

We only share your information in limited circumstances:

  • With OnRamper, for KYC and fiat on/off-ramp transactions.

  • With regulatory or law enforcement authorities, when legally required.

  • With service providers, strictly for operating and securing our app.

We do not sell or trade your personal information under any circumstances.

7. Cookies and Tracking

Our website and app may use cookies and similar technologies to improve your experience, measure usage, and prevent fraud. You can adjust cookie preferences in your browser or device settings. We do not use cookies to sell your personal information.

8. Security of Your Information

We use advanced security practices to protect your data and funds:

  • All wallet keys are encrypted and secured by your personal PIN, which only you know.

  • Transactions are processed on the Solana blockchain, ensuring speed, transparency, and immutability.

  • Sensitive data is stored in encrypted form and protected against unauthorized access.

  • Regular audits and monitoring ensure ongoing protection.

9. Your Rights

Depending on your location, you may have legal rights regarding your personal data. These may include the right to:

  • Access and obtain a copy of the data we hold about you.

  • Correct or update inaccurate data.

  • Request deletion of your personal data.

  • Restrict or object to certain processing activities.

  • Request portability of your personal data to another provider.

Your CCPA Rights (California Residents)

If you are a California resident, you have the right to:

  • Know what categories of personal information we collect and how we use it.

  • Request access to the personal information we hold about you.

  • Request deletion of your personal information.

  • Opt out of the sale of your personal information. BAYAR does not sell your personal information.

To exercise your rights, contact us.

10. Data Retention

We retain your information only as long as necessary to provide our services, meet legal obligations, and resolve disputes. Transaction records may be stored longer to comply with financial regulations.

11. International Transfers

BAYAR operates globally. By using our services, you acknowledge that your data may be transferred to and processed in jurisdictions outside your country of residence. We ensure appropriate safeguards are in place to protect your data in compliance with applicable law.

12. Children’s Privacy

BAYAR is not intended for individuals under 18 years of age. We do not knowingly collect information from children. If we discover that a child has registered without consent, we will take steps to delete that information immediately.

13. Changes to This Privacy Policy

We may update this Privacy Policy from time to time. When changes are made, we will update the “Effective Date” at the top of this page. Significant changes will be communicated to users through the app or via email.

14. Disclaimer & Liability

BAYAR provides its services “as is” and without warranties of any kind, whether express or implied. While we take all reasonable steps to ensure the security and reliability of our platform, we cannot guarantee uninterrupted, error-free, or fully secure operation at all times.

You are solely responsible for:

  • Safeguarding your authentication credentials, including your PIN.

  • Ensuring that your transactions are accurate before confirmation (all BAYAR transfers are final and irreversible).

  • Maintaining control of your device and phone number linked to your BAYAR account.

BAYAR Pay Inc. is not liable for:

  • Any losses arising from unauthorized access to your account caused by negligence in protecting your PIN, phone, or authentication method.

  • Loss of funds due to blockchain network errors, outages, or external third-party service failures (e.g., OnRamper).

  • Fluctuations in exchange rates or value of USDC outside our control.

  • Indirect, incidental, or consequential damages, including loss of profits, business, or data.

By using BAYAR, you acknowledge that responsibility for securing your wallet and device rests with you, and you agree that BAYAR Pay Inc. is not responsible for losses outside of our direct control.