Tap It

TapIt Pay Privacy Policy

Effective date 2026-09-29

The Korean version is the official version. This English translation is provided for reference only.

TapIt Pay (tapitpay.io; the "Service"), operated by Livpay Corporation (the "Company"), values the personal information of its users and complies with the Personal Information Protection Act of Korea (개인정보 보호법) and other applicable laws. Through this Privacy Policy, the Company explains the purposes and methods for which the personal information you provide is used, and the measures taken to protect it.

1. Personal Information Collected

The Company collects the following personal information in order to provide the Service, including deposit requests and account ownership verification (1-won verification).

CategoryItems collected
Required itemsName (Korean/English), bank name, account number, date of birth
Automatically collected itemsAccess IP address, access logs, service usage records

In the 1-won transfer verification and real-name account inquiry process, the above information is processed through third-party verification providers (CODEF / Hecto Data Co., Ltd.).

2. Purposes of Collection and Use

The Company uses the collected personal information for the following purposes.

  • Verifying whether the depositor owns the account and whether the account holder name matches (fraud prevention)
  • Providing the KRW deposit and withdrawal agency service
  • Preventing fraudulent use of the Service and detecting abnormal transactions
  • Handling user inquiries and complaints

Collected personal information is not used for any purpose other than the above. If the purpose of use changes, the Company will take the necessary measures in accordance with applicable laws, such as obtaining separate consent.

3. Retention and Use Period

In principle, the Company destroys a user's personal information without delay once the purpose of its collection and use has been achieved. However, where retention is required under applicable laws, the Company retains member information for the periods prescribed by those laws, as set out below.

Item retainedLegal basisRetention period
Records on contracts or withdrawal of offersAct on the Consumer Protection in Electronic Commerce, etc. (전자상거래 등에서의 소비자보호에 관한 법률)5 years
Records on payment and supply of goods, etc.Act on the Consumer Protection in Electronic Commerce, etc. (전자상거래 등에서의 소비자보호에 관한 법률)5 years
Records on consumer complaints or dispute resolutionAct on the Consumer Protection in Electronic Commerce, etc. (전자상거래 등에서의 소비자보호에 관한 법률)3 years
Records on accessProtection of Communications Secrets Act (통신비밀보호법)3 months

4. Provision to Third Parties

In principle, the Company does not provide users' personal information to outside parties. The following cases are exceptions.

  • Where the user has consented in advance to the provision to a third party
  • Where required by law, or where an investigative agency requests it for investigative purposes in accordance with the procedures and methods prescribed by law

5. Outsourcing of Personal Information Processing

To perform the Service, the Company outsources personal information handling tasks to the external specialist below, and, in accordance with applicable laws, stipulates in the outsourcing contract the matters necessary to ensure that personal information is managed safely.

ProcessorOutsourced tasksInformation entrustedOutsourcing period
Hecto Data Co., Ltd. (헥토데이터)
  • Relaying personal (credit) information using the authentication information of the credit information subject
  • Storing request/response data obtained through the credit information subject authentication information, for API service quality improvement and task handling (deleted in bulk upon termination of the outsourcing contract)
  • Handling the data subject's requests for access, correction/deletion, and suspension of processing of personal information
Personal (credit) information / all request and response data / corporate informationUntil the outsourcing contract is terminated

Pursuant to Article 26 of the Personal Information Protection Act, when concluding an outsourcing contract the Company specifies in writing, such as in the contract, matters concerning the prohibition of processing personal information for purposes other than the outsourced task, technical and managerial protection measures, restrictions on sub-outsourcing, management and supervision of the processor, and liability such as compensation for damages, and supervises whether the processor handles personal information safely.

6. Rights of Data Subjects and How to Exercise Them

As a data subject, you may exercise the following rights.

  • Request access to personal information
  • Request correction in case of errors, etc.
  • Request deletion
  • Request suspension of processing

You may exercise these rights by contacting the Company in writing, by telephone, by e-mail, or by similar means, and the Company will take action without delay.

7. Destruction of Personal Information

When personal information becomes unnecessary, for example because the retention period has elapsed or the purpose of processing has been achieved, the Company destroys it without delay. Personal information stored in electronic files is deleted using technical methods that make the records impossible to reproduce, and personal information recorded or stored on paper documents is destroyed by shredding or incineration.

8. Security Measures for Personal Information

The Company takes the following measures to ensure the security of personal information.

  • Limiting access to personal information to the minimum number of personnel
  • Keeping records of the granting, modification, and revocation of access rights to systems that process personal information
  • Encrypting important information such as passwords and account information during storage and transmission
  • Installing security software against hacking and the like, and updating and inspecting it periodically

9. Chief Privacy Officer

The Company bears overall responsibility for personal information processing and has designated the following Chief Privacy Officer to handle user complaints and provide remedies for damage relating to personal information processing.

CategoryDetails
Name박지호
PositionTeam Lead
Contact010-3055-0713 / tapitpay2026@gmail.com

10. Notice Obligation and Effective Date

If this Privacy Policy is added to, deleted from, or amended, the Company will give notice through the announcements on its website at least 7 days before the revision takes effect.

This policy takes effect on September 29, 2026.