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PalmPay (www.PalmPay.com), a fintech innovator aiming to make digital payment more accessible and flexible, has obtained a compliance status on obligations in accordance with the Nigeria Data Protection Regulation (NDPR) for implementing all statutory requirements.
With the significant growth in the internet and digital economy, the use of information raises serious concerns about privacy and data protection. Any organization that wishes to operate effectively must ensure the security of its information by implementing a data protection plan.
The National Information Technology Development Agency (NITDA) is statutorily mandated by the NITDA Act of 2007 to develop regulations for electronic governance and monitoring of the use of information technology and electronic data.
In response to concerns about personal data privacy and protection, as well as the serious consequences of leaving personal data processing unregulated, the National Information Technology Development Agency (NITDA) issued the Nigeria Data Protection Regulation (NDPR).
The NDPR makes provisions for the rights of data subjects, the obligations of data controllers and data processors, transfer of data to a foreign territory amongst others.