Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited)

Contents

Introduction

This Data Privacy Policy (“Policy”) has been drafted in accordance and compliance with the applicable laws of the land.

Purpose of the policy

The purpose of this Data Privacy Policy (“Policy”) is to maintain the privacy of users, members, unregistered visitors, etc. (hereinafter collectively referred to as “users”) and to protect the personal information of the users, provided by them to Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) (“Parfait ” or “we” or “us”) through our website newtap.in (hereinafter referred to as “Platform” or “Website”)) from time-to-time.

Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) through this Policy aims to demonstrate its commitment towards the applicable data privacy laws of the India, as amended from time to time. This Policy is applicable to all the information collected, received, possessed, owned, controlled, stored, dealt with, or handled by P Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) in respect of a user

USER ACKNOWLEDGEMENT AND CONSENT

User acknowledges that by accessing the Platform or by availing services from Newtap, users expressly consent and confirm to collection, maintenance, usage, handling and disclosures of user information including the sensitive personal data by Newtap in accordance with this Policy.

User acknowledges that the Platform may contain links to other websites. If a user clicks on a third party link, the user will be directed to that website. Note that these external sites are not operated by us. Therefore, it is strongly advised that users review the privacy policy of these websites/external links. We have no control over and assumes no responsibility for the content, privacy policies, or practices of any third-party sites or services.

Users acknowledge that they have the option not to provide or agree to the collection of information. If a user chooses not to agree with the Policy, they will not be entitled to avail financial services of Newtap.

Collection of Information:

Personal data and information collected directly:

• Personal Information: Personal information includes any data concerning the personal or material circumstances of an identified or identifiable user, e.g., name, e-mail address, gender, date of birth, postal address, phone number, a unique login name, password, password validation, marital status, family details, business information and other details shared via application form or via email or via any other medium. It can also include information such as username, account number, password and any other personally identifiable information. While you can browse some sections of our Website without being a registered member as mentioned above, most activities (such as availing of loans and other financial services on the Website) requires registration and for you to provide the above details. We will indicate the mandatory and the optional fields against the information requested from you. You always have the option to not provide your personal information by choosing not to use a particular service or feature on the Platform.
• Financial Information: Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) Ltd may have access to user’s financial information such as bank account, details regarding payment instrument, and transaction data pertaining to users collected from partnering merchants; and/or bureau data collected from financial organizations (including, inter alia and other credit bureaus)

Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) may also have access to user’s payment card details like credit, debit card and/ or internet banking account information etc. collected via the Platform. user, by submitting these details explicitly consents to the sharing of its information with the sellers/merchants, third-party payment processors, payment gateways, payment aggregators and other third-party service providers.

Personal Data from Third Party

• Credit Reports: Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) also collect your credit reports and credit data in the event you have applied for a loan / financial facility with us. In this regard, you:
  • Authorize us, to request and receive your credit score / report from credit information companies.
  • Further fully understand that the purpose of this credit score / report is to enable us to make informed lending decisions effectively and enable faster processing of credit applications to help provide speedy access to credit through our Platform.
• Social Media: Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) may also collect information and data through Facebook, Twitter, LinkedIn, or other social media accounts of the users which have been linked to the account on the Website / App, if any.
• We may receive your personal information from other third-party such social media websites and/or digital lending platforms (websites and applications), or other third party service providers, outsourcing partners of Newtap , (collectively “Third Parties”) and other/ applications, in accordance with the privacy policy of such Third Parties sites/applications. Such information received from the Third Parties other websites/platforms/applications at the time of accessing the Website / App may include, and not be limited to, the name, username, profile picture, e-mail address, phone number associated with that Third Party website/ application, any information that has been made provided to that Third Party public in connection with that website/ application belonging to you and/ or any information or content the Third Party social media website/ application has the right to share with us.

Collection of other non-personal information:

• Additional Information: Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) automatically track certain information about you based upon your relationship with us. We use this information to do research on our users' demographics, interests, and behavior to better understand, protect and serve our users and improve our services. This information is compiled and analyzed on an aggregated basis.

Mode of Collection of Information:

Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) may collect user information in a manner that includes the following:

• Information that the user provides to Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) by filling in registration / enrollment / signing up forms on the Platform and for KYC purposes.
• Information that the user provides when user writes directly to Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) by way of e-mail, messages, etc.
• Information that the user provides to Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) over telephone.
• Information that the users provide by completing surveys, a survey, poll, sweepstakes, contest, or promotion scheme
• Information that the user provides merely by accessing/navigating the Platform.
• Information collected by Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) through independent third- party sources like merchants, financial organizations business partners, governmental or regulatory agencies, Third Parties, and other credit bureaus.

Use of user information:

By submitting user information to Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited), user expressly acknowledge and consent to use of such information in a manner specified under this Policy. user information can be used for various purposes including but not limited to the following:

• To Verify user identity
• To Facilitate user with usage of Platform or avail services from us;
• To obtain credit reports and evaluate your creditworthiness for availing the loan / facility from Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited);
• For extension of loan and financial services to the user by Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) Ltd;
• To ensure compliance with all legal obligations of Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited), vis-à- vis Know-your Customer, Prevention of Money Laundering, CKYCR requirements, etc.
• For fraud prevention and detection;
• To send user surveys and marketing communications that Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) believes may be of user interest;
• To analyse, conduct internal reviews, surveys and understand the users, improve the content and features of the Platform;
• To diagnose technical problems, provide support and help users in addressing and troubleshooting problems;
• To send and receive communications, show advertisements, notifications and make promotional offers;
• To prepare, review and file reports as per applicable laws;
• To contact users regarding third party services and offers;
• To understand user preferences, requirements;
• To permit user to participate in interactive features offered through the Platform;
• To improve the content and protect the integrity of the Platform;
• To increase / improve the products / services offered by the lender on the Platform;
• To ensure compliance with all applicable laws.

Disclosure of information

We will share your information with third parties to facilitate provisioning of services by us to you only in such manner as described below:

• We may disclose your information to our third-party service providers for providing the services as detailed under the Terms & Conditions;
• We may share your information with our third-party partners in order to conduct data analysis in order to serve you better and provide services on our Platform;
• We may disclose your information, without prior notice, if required under any law or if we are under a duty to do so in order to comply with any legal obligation or an order from the government and/or a statutory authority, or in order to enforce or apply our terms of use or assign such information in the course of corporate divestitures, mergers, or to protect the rights, property, or safety of us, our users, or others. This includes exchanging information with other companies and organizations for the purposes of fraud protection and credit risk reduction.
• We may also share the data / information with our technology service providers and outsourcing partners to perform credit and know your customer checks to facilitate a loan for the user as per applicable laws;
• We may share your data with our affiliates and/or group companies for data processing and analysis;
• We and our affiliates may share your information with another business entity should we (or our assets) merge with, or be acquired by that business entity, or re-organization, amalgamation, restructuring of business for continuity of business.

Transfer of information:

Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) or any person on its behalf may transfer sensitive personal data or any information, to any other body corporate or a person in India, or located in any other country, that ensures the same level of data protection that is adhered to by the body corporate as provided for under these Rules. The transfer may be allowed only if it is necessary for the performance of the lawful contract between the body corporate or any person on its behalf and provider of information or where such person has consented to data transfer.

Data protection, retention and storage

Pursuant to applicable data protection laws, Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) endeavors to protect sensitive personal information and data of the users.

You further understand and agree that repayment of a loan / financial facility does not automatically rescind the consents you have provided to us under the Privacy Policy nor does deletion of your account with the Platform.

We shall store your information and/or data for such period as may be required by Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) to (i) enforce its legal rights and obligations against you; (ii) to ensure compliance withits obligations and responsibilities under applicable laws in the capacity of a lender regulated by the Reserve Bank of India.

We store and process your personal information on cloud servers. we use reasonable safeguards to preserve the integrity and security of your information against loss, theft, unauthorized access, disclosure, reproduction, use or amendment. To achieve the same, we use reasonable security practices and procedures as mandated under applicable laws for the protection of your information.

Changes to privacy policy

In the event Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited) modifies this Privacy Policy, the same will be updated on the Platform. In case of any material changes to the Policy, the users will be notified by means of a notice on Platform prior to the change becoming effective. The users are encouraged to periodically review this page for the latest information on Newtap Finance Private Limited (previously known as Parfait Finance & Investments Private Limited).’s privacy practices.

Redressal Mechanism:

In case of any concerns with the data privacy policy the user can express their concerns to the Grievance redressal officer whose details are mentioned below and also in the Fair Practices Code of the company.

Grievance Redressal Officer

Name: Vandan Suba
Designation: Grievance Redressal officer
E-mail: support@newtap.in