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DAPY PLATFORM LIMITED

TERMS AND CONDITIONS OF SERVICE

Last updated: December 2025

These Terms and Conditions (the "Agreement") govern your use of the DAPY APP mobile and web-based services (the "Service") provided by DAPY Platform Limited ("DAPY," "we," "us," or "our"). By registering an account or using the Service in any way, you agree to be bound by this Agreement.

1. DEFINITIONS

  • DAPY: DAPY Platform Limited, a duly registered Nigerian fintech company powered by Kredi mfb offering Earned Wage Access (EWA) and related payroll-based financial services in accordance with the laws of the Federal Republic of Nigeria.
  • Processing: Any operation performed on personal data including collection, recording, organization, storage, adaptation, retrieval, consultation, use, disclosure, erasure, or destruction.
  • User: Any individual, employee or beneficiary accessing DAPY's platform and services.
  • Employer: A legally registered entity that partners with DAPY to enable EWA for its employees.
  • EWA (Earned Wage Access): A lawful arrangement enabling workers to access accrued wages prior to their employer's designated payday, based on time already worked.
  • Wallet: A virtual account or mobile wallet, maintained by DAPY and its financial partners, into which earned wages are disbursed.
  • Partner Bank: A Central Bank of Nigeria (CBN) licensed financial institution providing settlement, escrow and wallet services.

2. ELIGIBILITY

To use DAPY, you must:

  • Be at least 18 years old.
  • Contact Data: Email address, mobile number, residential address.
  • Employment Data: Employer name, salary frequency, net pay, employment status, attendance data.
  • Be a lawful resident or citizen of Nigeria.
  • Be in active employment with a DAPY-recognized employer.
  • Successfully complete identity verification (BVN, valid ID, Selfie/KYC process).
  • Consent to AML/CFT checks as required by CBN and EFCC.

3. ACCOUNT CREATION

  • Registration requires accurate data including full name, mobile number, BVN and employment details.
  • From your employer, with your consent.
  • From authorized third-party KYC providers (e.g., banks, credit bureaus, identity verification services).
  • You are fully responsible for your account credentials and activities.
  • DAPY may restrict or revoke access if false or misleading data is provided.

4. HOW EWA WORKS

  • EWA is not a loan. It is a structured payroll benefit offered by employers.
  • The eligible amount is determined by your days/hours worked, updated automatically via DAPY platform or periodically by your employer.
  • Upon request, DAPY transfers a portion of your earned wage to your wallet.
  • On payday, your employer remits the exact amount accessed back to DAPY, directly from your gross salary.

5. FEES AND CHARGES

  • A fixed processing fee is applied per EWA transaction. No interest or compound cost applies.
  • All charges are transparently disclosed before disbursement.
  • DAPY reserves the right to adjust fees with a minimum of 7 days' notice.

6. REPAYMENT TERMS

  • Partner banks and wallet service providers for transaction processing.
  • You authorize your employer and DAPY to coordinate these deductions under this Agreement.
  • Any failed recovery may result in delayed access to subsequent EWA or third-party reporting.

7. DISBURSEMENT

  • Disbursements are routed through regulated wallets or directly to your NUBAN bank account.
  • Processing times may vary, and DAPY disclaims delays attributable to third-party processors.

8. DATA PROTECTION & PRIVACY

  • All data is processed per the Nigeria Data Protection Regulation (NDPR).
  • Your data may be shared with:
    1. Your employer (for payroll integration);
    2. Our CBN-licensed partner bank;
    3. Licensed credit bureaus (e.g., CRC, FirstCentral);
    4. oRegulatory or law enforcement agencies as required.

    • DAPY APP will not sell, commercialize or use your data without your consent.

9. CREDIT REPORTING

  • EWA is not a loan and should not affect credit score.
  • However, repeated defaults or attempted fraud may be flagged with authorized credit reporting agencies.

10. ACCEPTABLE USE POLICY

You must not:

  • Falsify employment data or impersonate others.
  • Use the service for fraud, laundering, or suspicious financial flows.
  • Interfere with or reverse engineer DAPY systems. Violation may lead to legal action, account closure, and regulatory reporting.

11. SERVICE AVAILABILITY

  • Service is conditional on continued employment and employer participation.
  • If your employment or employer partnership ends, access to EWA may cease.

12. ACCOUNT TERMINATION

  • You may close your account at any time.
  • DAPY may suspend or terminate accounts found to be in breach of law, misrepresentation, or fraudulent conduct.
  • Outstanding balances shall be recovered from salary or through formal collection procedures.

13. LIABILITY & DISCLAIMER

  • DAPY is not a lender and EWA does not constitute a credit product.
  • DAPY is not liable for errors caused by employer data input or bank processing.
  • Use of the service is at your own discretion and risk.

14. INTELLECTUAL PROPERTY

  • The DAPY brand, content, software, and systems remain the exclusive property of DAPY Platform Limited.
  • Unauthorized use or replication is prohibited.

15. SUPPORT & REDRESS

  • All complaints or inquiries must be sent to support@dapy.io
  • Responses shall be issued within 48 working hours.

16. MODIFICATIONS

  • These terms may be updated periodically.
  • Continued use of the platform constitutes your agreement to the latest version.

17. DISPUTE RESOLUTION

  • This Agreement shall be governed by Nigerian laws.
  • Any dispute not resolved amicably shall be referred to arbitration in Lagos under the Arbitration and Conciliation Act.

18. FORCE MAJEURE

DAPY is not liable for service failures arising from force majeure events such as power failures, labour unrest, cyber attacks, natural disasters, or regulatory orders.

19. ENTIRE AGREEMENT

This document constitutes the entire legal agreement between the user and DAPY.

20. USER-FRIENDLY SUMMARY (FOR NON-LEGAL USERS)

  • DAPY lets you access part of your salary early.
  • You only pay a flat fee — not interest.
  • No loans, no debt, no late repayment risks.
  • Your employer works with us, you don't act alone.
  • Your data is protected under NDPR.

DAPY PLATFORM LIMITED

RC [8423804] | Regulated by CBN | NDPR Compliant

Website: [www.dapy.io]

Support: support@dapy.io