1. Defination

1. Definition

“Account” means your ImportaPay account through which you use the Platform and access the Services.

“AI Risk Engine” means ImportaPay’s proprietary artificial intelligence system that continuously monitors, profiles, and assesses transaction and user risks in real-time.

“AML/CFT” refers to Anti-Money Laundering and Counter-Financing of Terrorism regulatory obligations.

“BVN” means Bank Verification Number, a biometric identifier used by financial institutions in Nigeria.

“CAC” means the Corporate Affairs Commission, the body responsible for registering and regulating corporate entities in Nigeria.

“Compliance” means the adherence to legal, regulatory, and ethical standards governing the operations of ImportaPay.

“Encryption” refers to the security mechanism that protects user data by converting it into coded format during transmission or storage.

“KYB” means Know Your Business, the identity and legitimacy verification process for businesses using ImportaPay.

“KYC” means Know Your Customer, the identity verification process for individual users.

“NDPR” refers to the Nigeria Data Protection Regulation, the law governing personal data protection in Nigeria.

“NIN” means National Identification Number issued by the Nigerian Identity Management Commission (NIMC).

“Platform” refers to the digital infrastructure, including mobile apps, APIs, and admin portals used to deliver the ImportaPay Services.

“Third Parties” Regulated financial and compliance partners such as IdentityPass, 9PSB, and Unlimit Global.

“TIN” is the tax identification number assigned to individuals and entities by the Nigerian Revenue Services.

“User” means any individual or entity using the Platform, including registered customers and website visitors.