Effective Date: 4 August 2025
Last Updated: 6 August 2025

At Paystat (“we”, “us”, or “our”), your privacy is important to us. This Privacy Policy outlines how we collect, use, store, and protect your personal data when you use our payroll automation platform.

1. Information We Collect

We collect the following categories of information:

A. Company and Employer Data

• Business name, address, industry

• Bank account details for salary disbursements

• Tax registration numbers

B. Employee Data

• Full name, address, email, phone number

• Bank details for salary payments

• Employment information (salary, role, benefits)

• Tax identification numbers and compliance documents

C. Usage Data

• Log data, IP address, device type

• Browser type, access time, pages visited

2. How We Use Your Information

We use the data we collect to:

• Automate and process payroll

• Disburse salaries via direct bank integrations

• Ensure compliance with local tax laws

• Generate tax reports and payroll records

• Provide customer support

• Improve product functionality and security

3. Legal Basis for Processing (for Nigerian and global users)

We process data under the following lawful bases:

• Contractual necessity

• Legal compliance (e.g., tax regulations)

• Legitimate interest (e.g., improving services)

• User consent (where applicable)

4. Data Sharing and Disclosure

We do not sell your data. We may share data with:

• Authorized third-party service providers (e.g., banking APIs)

• Regulatory or government authorities (if legally required)

• Internal staff on a need-to-know basis

5. Data Security

We implement industry-standard encryption and access controls to protect your data. All data is stored securely, and only authorized personnel have access.

6. Data Retention

We retain your information for as long as necessary to fulfill payroll obligations and comply with legal/tax requirements.

7. Your Rights

Depending on your jurisdiction, you may have the right to:

• Access your data

• Correct inaccuracies

• Request deletion

• Object to processing

• Lodge a complaint with a regulatory authority

To exercise these rights, contact us at: hello@paystat.io

8. International Transfers

If you are accessing Paystat from outside Nigeria, your data may be transferred to and stored in jurisdictions with different data protection laws. We ensure adequate safeguards are in place.

9. Third-Party Links

Our platform may contain links to third-party services (e.g., banks or payroll tools). We are not responsible for their privacy practices.

10. Updates to This Policy

We may occasionally update this Privacy Policy. Changes will be posted here with the updated “Effective Date.”

Contact Us
For questions or concerns about this Privacy Policy, reach us at:
hello@paystat.io
https://paystat.io