This Privacy Policy explains how Wise Peso (referred to as "we," "us," or "our"), a cash loan application operating in the Philippines, collects, uses, stores, discloses, and protects your personal information.
By downloading, accessing, or using the Wise Peso mobile application and related services (collectively, the "App" or "Services"), you acknowledge that you have read, understood, and agree to the practices described in this Privacy Policy. If you do not agree, please do not use the App.
Wise Peso is a financial technology platform that provides users with access to short-term cash loan products. We facilitate a connection between borrowing users and our accredited lending partners. Through the App, you may submit a loan application. We will process your application and, if you are eligible, facilitate access to loan services.
Lending Entity: Sumulong Financing Inc.
SEC Registration Number: CS201915712
Lending License Number: 1238
Registered Address: 29 Bagong Silang St., Tuktukan, Taguig, Metro Manila, 1637 Philippines
Platform Operator: The Wise Peso application is operated Sumulong Financing Inc.
We collect personal information necessary to provide our services, fulfill legal obligations (such as Anti-Money Laundering laws and Know-Your-Customer regulations), and prevent fraud. The legal bases for processing your data include your consent, the necessity for contract performance, legal compliance, and our legitimate interests.
A. Registration and Identity Verification Information
Information Collected: Full name, date of birth, mobile number, email address, government-issued ID details, selfie photo and liveness facial scan, and tax or social security numbers.
Purpose: To create and manage your account, verify your identity to prevent fraud, and comply with legal Know-Your-Customer (KYC) and anti-money laundering requirements.
Data Sharing: This information may be shared internally, with our accredited lending partners, and with third-party verification service providers.
B. Contact and Location Information
Information Collected: Approximate location information and device IP address.
Purpose: To confirm your residency and location within the Philippines to ensure service availability, and to conduct risk assessment and fraud prevention.
Data Sharing: This information may be used internally for processing and risk analysis.
C. Device and Technical Data
Information Collected: Device identifiers, device model and operating system, app usage logs and analytics data, and network information.
Purpose: To ensure the App functions securely on your device, perform analytics to improve services and troubleshoot issues, and for security, fraud detection, and risk management.
Data Sharing: This information is primarily used internally for analytics and security purposes, and may be shared with third-party analytics service providers.
D. Personal Contact Information
Information Collected: Names and contact numbers of immediate family members or close acquaintances.
Purpose: For verification purposes and to serve as an alternative contact point, which is a common practice in the lending industry for validation.
Data Sharing: This information is strictly used for the stated verification purposes and is not used for marketing.
Data Protection Measures
The data collected is protected using industry-standard technical and organizational measures (such as encryption in transit, access controls, and security audits). Data is transmitted to https://wisefundfinancecorporation.com/ for authorized processing related to account verification and other purposes.
A. Your Rights Under the Data Privacy Act
As a Data Subject, you have the following rights:
Right to be Informed: You have the right to be informed that your personal data is being processed, as detailed in this Policy.
Right to Access: You may request a copy of the personal data we hold about you.
Right to Rectification: You may request correction of any inaccurate or incomplete data.
Right to Erasure/Blocking: Under certain legal grounds, you may request the deletion or blocking of your personal data.
Right to Data Portability: Where feasible, you may obtain and reuse your personal data for your own purposes.
Right to Object: You may object to the processing of your personal data, including processing for direct marketing or automated decision-making.
B. Your Responsibilities
You warrant that all information you provide is true, accurate, and complete.
You are responsible for maintaining the confidentiality of your account credentials.
You agree to use the Services lawfully and not for any fraudulent or illegal purpose.
You must promptly update any changes to your information within the App.
Our App integrates the following third-party Software Development Kits (SDKs) to provide specific functionalities:
Adjust SDK: Provided by Adjust GmbH. This SDK collects device identifiers, IP addresses, and app interaction data for attribution analysis, measuring advertising campaign effectiveness, and analyzing overall app usage. This helps us understand how users find our App and improve our services.
Advance(or similar liveness detection SDK): Provided by a third-party security vendor. This SDK processes your selfie and facial scan data solely for the purpose of liveness verification during the application process. This is a critical security measure to prevent identity theft and fraud, ensuring that the applicant is physically present and matches the submitted identification document.
These third parties act as our Data Processors and are contractually obligated to process your data securely, in accordance with our instructions, and only for the purposes stated above.
We retain your personal information only for as long as necessary:
To fulfill the purposes for which it was collected (e.g., for the duration of your loan account and any active applications).
To comply with legal, tax, and regulatory requirements.
For legitimate business purposes, such as fraud prevention and dispute resolution.
To request the deactivation of your account or the deletion of your personal data, please contact us using the details in Section 7. We will process your request in accordance with the Data Privacy Act. Please note that even after account closure, we may be required to retain certain information to comply with legal obligations, resolve disputes, or enforce our agreements.
For any questions, concerns, data privacy requests, or to report a security incident, please contact our :
Email: support@wisefundfinancecorporation.com
We may update this Privacy Policy from time to time. The updated version will be posted in the App with a revised "Effective Date." We encourage you to review this Policy periodically. Your continued use of the App after any changes constitutes your acceptance of the updated Policy.