Privacy Policy
Octopus Pays Privacy and Data Policy last updated: 7 February 2020
Octopus Pays Privacy and Data Policy last updated: 7 February 2020
The purpose of this personal data processing policy (hereinafter – the Policy) is to provide you with information about how OREC PTE. LTD. (further OREC) handles your personal data when providing services.
1.1. OREC may use company name and respective data, your name, surname, personal code, mobile phone number, e-mail address, bank account number, bank card number, CVC code and expiration date, information on payment amounts to third parties, information provided by you in optional payment description field.
1.2. This policy is meant to inform you that OREC can obtain your personal data in the following ways:
2.1. The legal foundation for handling your personal data is The Personal Data Protection Act 2012 (the “Act”) of Singapore as regards to the protection of the physical data of individuals – data processing is based on your contractual obligations and is necessary to conclude a payment service agreement with OREC.
2.2. Your personal data are registered electronically and can be used for the following purposes:
3.1. We reveal personal data to our linked companies and partners – those that are involved in the provision of OREC services. This includes institutions that provide payment services, bank card processing operators, as well as IT service providers. In transferring your data, we promise to ensure that the recipient observes the same personal data storage safety rules as we do.
3.2. If your information has changed when a OREC service agreement is being concluded or during the contractual period, or if you have found that your personal data are imprecise, please let us know, and we will change any data that is necessary.
3.3. At your request, we will delete your data from the databases of our contractual third parties if the data are no longer necessary for the initial goal – the implementation of our contractual and legal rights.
4.1. Information that you provide to us is stored on secure servers. Data are always encoded for purposes of security.
4.2. Online transfer of data is never totally safe. We cannot guarantee full protection and security for your data, but we do everything possible to protect electronic information that is sent to us. You are responsible for the electronic transfer of any data. OREC services require a password that you will set up during the registration process. You are responsible to ensure the security and confidentiality of your password. OREC has no access to information on your password.
The OREC application may include links to third-party Websites. They have their own usage and personal data protection rules to which you agree and about which you are informed when visiting the relevant Website. We are not responsible for and take no responsibility for third-party Websites. Because we cannot control the content of such Websites, our responsibility only applies to our own Website.
6.1 Log data
Like many site operators, we collect information that your browser sends whenever you visit our Site (“Log Data”). This Log Data may include information such as your computer’s Internet Protocol (“IP”) address, device information, browser type, browser version, the pages of our Site that you visit, the time and date of your visit, the time spent on those pages and other statistics. In addition, we may use third party services such as Google Analytics and Google Adwords that collect, monitor and analyze this type of information in order to improve the quality of your experience on our Site.
6.2 Transaction data
We collect and store data of financial transactions related to your use of our Services, including information about your account balances, deposits, withdrawals, types and amounts of transactions as well as information about your entrusted external bank account address.
6.3 Cookies
Cookies are files with small amount of data, which may include an anonymous unique identifier. Cookies are sent to your browser from a web site and stored on your computer’s hard drive. Like many sites, we use “cookies” to collect information. You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some portions of our Site.
You can adjust in your browser’s Settings your preferences regarding allowing, storing, deleting or blocking cookies from sites you visit.
For further information, visit allaboutcookies.org.
6.3.1 Use of Cookies
6.3.2 Types of Cookies
There are a number of different types of cookies, however, our website uses:
6.4 Pixel tags
Pixel tags are small blocks of code that may be placed on our Site or email correspondence (including but not limited to company update newsletters, offer emails or third-party partner companies’ marketing emails) that are often used to read and place cookies. Pixel tags allow to track website usage, including to determine when emails have been opened and acted upon (e.g. clicks, engagement, unsubscription rate among other data).
6.5 Purpose of collecting data