We store your personal data for the purposes set out above during the term of our contractual relationship with you or your organization, for as long as we otherwise have meaningful contact with you or as may otherwise be required by law.
When the purpose for which your personal data was collected is no longer relevant, we will stop processing your personal data and either delete or anonymize it in a secure manner. We may retain your personal data for a longer period of time to the extent required by our automated disaster recovery backup systems or if we deem it necessary to assess or defend legal claims or protect ourselves from fraud.
Under mandatory law, we are required to keep your personal data due to:
Anti-money laundering and anti-terrorism legislation for a minimum of five and a maximum of ten years
Payment service legislation, for a period of three years
Bookkeeping legislation, for a period of seven years
If you terminate your agreement regarding payment services with us, we are required under mandatory law to keep your personal data for a minimum period of five years.
Please note that if you have submitted an application to use the payment services but for any reason do not become a customer with us (irrespective of if you withdraw, or we reject your application), we are required under mandatory legislation to keep your personal data for a minimum period of five years.