1. Introduction
This Privacy Policy applies to Yungly Pay ("we", "our", or "us"), a product of Yungly Capital. By using our services, you agree to this policy. If you are a minor, your parent or guardian must review and accept these terms on your behalf.
2. Information We Collect
We collect only what we need to provide the service safely and effectively:
- Identity information: Name, date of birth, and government ID (for KYC compliance as required by RBI regulations for minors).
- Contact information: Phone number and email address.
- Transaction data: Payment amounts, merchants, timestamps, and UPI transaction IDs.
- Device data: Device type, OS version, and app usage patterns for security and performance.
- Parent/guardian information: Name, contact details, and bank account details for loading money.
We do not collect or sell data for advertising. We do not share personal information with third parties except as required for payment processing or legal compliance.
3. How We Use Your Data
- To process payments and maintain account balances
- To comply with RBI KYC requirements for prepaid instruments
- To send transaction alerts to teens and parents
- To detect fraud and protect account security
- To improve app performance and user experience
- To send product updates (you can opt out at any time)
4. Minor-Specific Protections
All accounts for users under 18 require parental consent and verification. Parents may request deletion of their child's data at any time by contacting us at info@yunglypay.in.
We do not sell, rent, or share minor user data with any third-party advertisers, data brokers, or marketers.
5. Data Security
We use industry-standard encryption for all data in transit and at rest. Payment data is processed through PCI-DSS compliant partner infrastructure. We conduct regular security reviews and maintain strict access controls.
6. Your Rights
You have the right to access, correct, or delete your personal data. To make a request, email us at info@yunglypay.in. We will respond within 15 business days.
You may also request that we stop processing your data for marketing purposes at any time. This will not affect the service provided to you.
7. Contact Us
For any privacy-related questions or concerns, contact us at info@yunglypay.in. We are based in Kerala, India.