Data Privacy Statement and Consent

Paylater

    I/We know and understand that Paylater is an online personal loan facility of a Filipino corporation organized and existing under the laws of the Philippines and registered with the Securities and Exchange Commission with the primary objective of providing loans, credit or any other financial accommodation to deserving individuals and businesses.

    Whereas, I/We are fully informed through this Data Privacy Statement and Consent of Paylater’s guidelines regarding the processing of my/our personal data, which Paylater received by means of my/our loan, credit or financial accommodation application submitted through Paylater’s office, website or mobile application. I/We understand that all information that I/We declared and indicated for the purpose of obtaining loan, credit or any other financial accommodation may be used for verification, credit and risk management, credit scoring, know your customer checks, prevention and detection of fraud or crime, data analytics, automated and or manual processing of the loan, credit or financial accommodation application/s, data profiling, account review, upselling and cross-selling, direct marketing, complaints management, insurance, audit and administrative purposes, relationship management, system or product development and planning among other purposes and will be strictly kept confidential. I/We therefore agree to the collection and processing of my/our information in accordance with this Privacy Statement and Consent Form and accordingly, confirm the following:

1. All information and documents that I/We provide Paylater are true, accurate, correct and complete. I/We understand that my/our loan, credit or other financial accommodation application may require the collection, processing, usage, storage, disclosure and sharing of my/our personal data.

2. I/We understand that Paylater works with partners, credit bureau affiliates and third-party service providers in order to effectively serve its clients including me/us. I/We are informed that Paylater’s partners, credit bureau affiliates and third party service providers may include my/our employer, whether private or government (for payroll deduction or any other auto-deduction procedures), relevant government agencies, credit bureaus including but not limited to CIC, CMAP, TU, CIBI, D&B, banks and financial institutions, collection agencies and other entities.

3. I/We authorize Paylater, directly or through its partners, credit bureau affiliates and third party service providers, to collect, process, use, store, disclose and share my/our personal data including but not limited to my/our name/s, age/s, birthdate/s, birthplace/s or ethnic origin/s, religion, civil status/es, spouse’s details, educational background/s, family background/s, preferences, behaviour, photographs, fingerprints, other biometric data (facial recognition and voice recognition), employment and or business details, income, financial data, and other information that I/We indicated in the application form. I/We allow the use of these information for verification, credit and risk management, credit scoring, know your customer checks, prevention and detection of fraud or crime, data analytics, automated and or manual processing of the loan, credit or financial accommodation application/s, data profiling, account review, upselling and cross-selling, direct marketing, complaints management, insurance, audit and administrative purposes, relationship management, system or product development and planning among other purposes as well as collecting and establishing applicable interest and amount.

4. I/We allow Paylater to share my/our personal data with Paylater’s subsidiaries, partners, credit bureau affiliates and third party service providers. I/We understand that these personal data will be utilized for verification, credit and risk management, credit scoring, know your customer checks, prevention and detection of fraud or crime, data analytics, automated and or manual processing of the loan, credit or financial accommodation application/s, data profiling, account review, upselling and cross-selling, direct marketing, complaints management, insurance, audit and administrative purposes, relationship management, system or product development and planning among other purposes as well as collecting and establishing applicable interest and amount.

5. I/We authorize Paylater’s subsidiaries, partners, credit bureau affiliates and third party service providers to share with Paylater, its affiliates or subsidiaries, my/our personal data for authentication and verification, credit and risk management, credit scoring, know your customer checks, prevention and detection of fraud or crime, data analytics, automated and or manual processing of the loan, credit or financial accommodation application/s, data profiling, review, upselling and cross-selling, direct marketing, complaints management, insurance, audit and administrative purposes, relationship management, system or product development and planning among other purposes as well as collecting and establishing applicable interest and amount.

6. I/We give consent to Paylater and its subsidiaries, partners, credit bureau affiliates and third party service providers for them to contact me/us by means of personal visit, phone call and or send me/us messages, notices, announcements through pre-recorded voice and or video messages, fax, MMS/SMS, email, postal mail, or any other means of communication for the purpose of: (a) updating me/us about the status of my/our loan, credit and or financial accommodation application and or account; (b) collection purpose; (c) marketing and or cross selling or upselling of Paylater’s other products and services; and (d) for any other legal purpose. I/We also authorize Paylater and affiliates, subsidiaries, partners, credit bureaus and third party service providers to record the telephone conversations or any conversation with its employees, representatives, or agents. Furthermore, I/We agree to hold Paylater not liable to any loss, injury or damage that I/We may suffer in relation to any means of communication specified above from Paylater.

7. I/We authorize Paylater to maintain copy/ies of my/our personal data, pertinent information, and other documents for up to five (5) years for Paylater to effectively perform its sanctioned objectives and purposes, legal claims, or any other purpose as provided by law. I/We are also informed that all of my/our personal data may continue to be collected, stored, processed and or shared for up to five (5) years from the conclusion of my/our transactions with Paylater, its subsidiaries, partners, credit bureau affiliates and third party service providers or until the expiration of the retention limits set by applicable laws, whichever comes later.

8. I/We undertake to immediately inform and notify Paylater through its contact numbers of (632) 3538524 and (632) 3538524 or through email at support@paylater.ph should I/We have any updates or changes on my/our personal data. The consent and authority herein given shall apply to such updates and/or changes in my/our personal data.

9. I/We understand that if I/We do not promptly provide information which Paylater reasonably requested, or withdraw any consent to personal data which Paylater is required to process, store, update, disclose, or transfer for the above stated purposes, Paylater has the option and hereby reserves the right not to pursue its relationship with me/us without any liability to me/us nor to any third parties.

10. I/We agree that Paylater shall not be liable to me/us and that I/We shall save Paylater free and harmless from, and indemnify and reimburse Paylater and its Directors, Officers, Shareholders, Employees, and Representatives for any and liabilities, claims, assessment penalties, costs, and expenses of any kind whatsoever, that may be imposed and/or incurred by me/us relative to, or in connection with the consent and authority to process, and/or to the disclosure of such Information including those of the my/our contacts, documents, and/or records for the purposes stated above and to the data recipients and such other persons and entities in connection with my/our account/s, and in connection with any discontinuance of the relationship between me/us and Paylater regardless of which party initiated such discontinuance.

11. This is to inform that the consent I/We provided is subject to data privacy laws, rules, and regulations. I/We moreover understand that I/We can contact Paylater to request for information, access to, and correction of my/your personal data and I/We know of my/our right to decline any further processing, except as may be required to continue my/our existing loan, credit or financial accommodation application and or account with Paylater by sending a mail addressed to the Data Protection and Compliance Officer through Paylater’s postal address of Unit N5, 9th Floor, Times Plaza, United Nations Avenue, Ermita, Manila, 1000.

12. I/We are fully informed that Paylater may update, amend or vary this Data Privacy Statement and Consent from time to time and that upon notification of such amended Data Statement, the contents thereof shall similarly amend, vary and supplement such account terms and conditions, agreements and/or arrangements aforesaid with effect from the date specified in such amended Data Statement, and without prejudice to the foregoing, the Data Subject's use or continued use of any of Paylater's services after such change shall also be deemed as his/her acceptance and agreement to the same.

    I/We have carefully read and do hereby understood and agree to all the terms and conditions stipulated in the agreement.