At Jazari, we are committed to protecting and respecting your privacy. This policy explains how we collect, use, share, and protect your personal data when you use our products and services.
About us
Jazari and Jazari Money is a trading name of Alif Financial Ltd UK, a company registered with Companies House under number 13467148. Alif Financial Ltd is authorised by the Financial Conduct Authority (FCA) as an agent under the Electronic Money Regulations 2011 (Firm Reference Number: 903134). Its registered address is: 6 Queensgate Court, 44 Alexandra Grove, London, N12 8HL, United Kingdom.
Alif Financial Ltd (trading as Jazari Money) operates as an agent of PayrNet Limited, a company registered in England and Wales under company number 09883437. PayrNet Limited is authorised by the FCA under the Electronic Money Regulations 2011 (FCA reference: 900594) to issue electronic money and provide payment services.
The Financial Services Compensation Scheme does not cover electronic money accounts. This means there is no compensation scheme in place to protect you from losses in the event of insolvency. However, your funds are held in one or more segregated accounts with regulated third-party credit institutions, in accordance with the safeguarding requirements of the Electronic Money Regulations 2011. While these measures aim to protect your funds, there is a small risk that, in the unlikely event of the insolvency of the credit institution holding your safeguarded funds, your money may be at risk.
The Jazari Card and Jazari Account are issued by PayrNet Limited, which is authorised by the FCA under the Electronic Money Regulations 2011 (FCA reference: 900594) to issue electronic money and provide payment services.
If you have any questions or requests regarding your personal data, you can contact us at: privacy@jazari.money
What data we collect
We may collect and use the following types of personal data:
Information you provide directly:
Name, date of birth, address
Contact information (email, phone number)
Identification documents (e.g., passport, utility bill)
Bank account and card details
Employment and income details (if applying for RNPL)
Any data you enter into our apps, forms, or communications
Information we collect automatically:
IP address, device details, and browser type
Usage data (clicks, page views, time spent)
Transactional data (payment amount, recipient details, time, location)
Information from others:
Open Banking data from your linked accounts (via Bud)
Credit scoring and financial wellness data (via SteadyPay)
Identity verification data (via Onfido)
Cross-border remittance data (via Terrapay)
We do not collect biometric data.
Legal basis for processing
We use your personal data under the following legal grounds:
Contractual necessity: To deliver services and fulfill our agreement with you
Legal obligation: To comply with financial regulations and anti-money laundering laws
Legitimate interest: To improve our services, prevent fraud, and understand our users
Consent: Where required (e.g., certain marketing or data sharing preferences)
How we use your data
Account creation and identity verification: Contract, Legal Obligation
RNPL eligibility checks (automated decision-making via SteadyPay): Legitimate Interest, Contract
Transaction processing: Contract
Customer support: Contract, Legitimate Interest
Fraud prevention: Legal Obligation, Legitimate Interest
Service improvements: Legitimate Interest
Marketing communications: Consent, Legitimate Interest
Legal compliance and enforcement: Legal Obligation
Automated decision-making
We use automated decision-making for our Remit Now, Pay Later (RNPL) eligibility checks. These use financial data (via SteadyPay and Bud) to assess your suitability. If you disagree with a decision, you may request a human review by contacting support.
Who we share your data with
We only share your data with trusted partners when necessary:
Railsr: Holds customer deposits, processes card payments and transactions
SteadyPay: Supports RNPL with instant credits during remittance
Terrapay: Provides international remittance services outside the UK
Onfido: Identity verification and AML screening
Google: Platform hosting and cloud database management
Intercom: Customer support chat and automation platform
SendGrid: Email notifications and verification services
TeleSign: OTP and CAPTCHA services for login and fraud protection
Manychat: Waitlist and WhatsApp messaging platform
OneSignal: Push notifications platform
All partners are required to meet strict data security and privacy obligations in line with GDPR and industry standards.
International data transfers
We may transfer your data outside the UK/EEA when required for international payments or outsourced services. These transfers are protected using Terrapay’s secure systems and standard contractual safeguards to ensure an equivalent level of protection.
Data retention
We retain personal data for up to 7 years after your relationship with us ends, in line with UK financial and legal requirements.
Your rights (GDPR)
You have the right to:
Access the personal data we hold about you
Request correction or deletion of your data
Object to or restrict certain types of processing
Request data portability
Withdraw consent at any time (where applicable)
Request human review of automated decisions
To exercise these rights, contact us at privacy@jazari.money.
Updates
We may occasionally update this policy. If we do, we will notify you via the app, email, or our website.
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