Your Privacy is protected
Ayodo's Yodopay product uses a customer's tendered cash as the payment medium making our product a pre-paid open-loop product. Pre-paid products are regulatory compliant provided the account sums are balance and velocity limited such that we are not required to collect personal information from our users (KYC). Since our users never link their Yodopay mobile account to any bank instrument(s) you will remain completely anonymous and completely protected from the possibility of identity theft. By simply not collecting any personal information from our customers we are better able to protect their privacy.
We use tri-factor authentication and military grade encryption to protect the small amount of personal information we do collect from our customers. We never ask for or collect your name, your address or your bank particulars. The only personal information we collect is your mobile number and a bio-metric identity token used to access your account, reset your PIP and/or close you account. This bio-metric is a series of binary numbers wrapped into a securely encrypted one-time-use QR code such that it can never be stolen. It is also only one factor of a tri-factor authentication process such that by itself it is totally benign and even we cannot reproduce an image of our customer from this token. In other words , you remain completely anonymous protected from identity theft and invasion of privacy yet you can be positively authenticated to better and more securely serve you. We call this security process Authentication with anonymity.