Privacy Policy

1. Introduction

a. Magenta is committed to protecting the privacy and security of our users' personal information.

b. This Privacy Policy outlines the types of information we collect, how it is used, and the steps we take to safeguard your data.

2. Information We Collect

a. Personal Information: We collect personal details such as names, contact information, and identification documents to verify user identity.

b. Transaction Data: Information related to money transfers, including recipient details and transaction history.

c. Device and Log Information: We may collect data on the devices used to access our services and log information for analytical purposes.

3. How We Use Information

a. To Facilitate Transactions: Personal and transaction information is used to process and facilitate money transfers.

b. Identity Verification: Personal information is used to verify the identity of users in compliance with regulatory requirements.

c. Communication: We may use contact information to communicate important service updates, promotions, or respond to user inquiries.

4. Data Security

a. Magenta employs industry-standard security measures to protect user data from unauthorized access, disclosure, or alteration.

b. SSL encryption is utilized to secure data transmission.

5. Third-Party Disclosures

a. We do not sell, trade, or otherwise transfer personal information to third parties without user consent, except as required by law.

b. Trusted third-party service providers may be engaged to assist in service delivery, subject to strict confidentiality agreements.

6. Cookies and Tracking Technologies

a. Cookies and similar technologies are used to enhance user experience and gather information about site usage.

b. Users can manage cookie preferences through browser settings.

7. User Rights

a. Users have the right to access, correct, or delete their personal information.

b. Requests related to user rights can be submitted to info@magentafs.com.

8. Compliance with Laws

a. Magenta complies with applicable data protection laws and regulations.

b. In the event of a data breach, affected users will be notified promptly.

9. Changes to Privacy Policy

a. Any updates to this Privacy Policy will be posted on our website, and users will be notified of significant changes.

b. Continued use of our services constitutes acceptance of the updated Privacy Policy.

10. Contact Information

For questions or concerns about our Privacy Policy, please contact info@magentafs.com.

Thank you for choosing Magenta. Your privacy is our priority.