Privacy Policy for BMZ Wallet
Effective Date: March 21, 2025
Last Updated: March 21, 2025
Welcome to BMZ Wallet ("we," "us," or "our"), an app designed to help you track your income, expenses, savings, and financial goals. We are committed to protecting your privacy and ensuring that your personal information is handled responsibly. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use BMZ Wallet (the "App"). By using the App, you agree to the terms outlined in this Privacy Policy.
1. Information We Collect
We collect information you provide directly to us, information generated through your use of the App, and information collected automatically from your device. The types of information we collect include:
a. Personal Information
- Account Information: When you sign up for BMZ Wallet, we may collect your email address, first name, last name, and authentication credentials (e.g., Apple ID or Google ID) to create and manage your account.
- Financial Information: You may provide details about your income, expenses, savings goals, and financial transactions, including amounts, dates, and tags you assign to categorize them.
- Wallet and Tag Information: Information about wallets and tags you create, such as names, icons, target amounts, and durations for income, expenses, or savings.
- Device Information: We may collect your device ID, push notification token, and last active date to manage your account across devices.
b. Usage Data
- Stats and Activity: We track your income and expense statistics by date and month, as well as interactions with wallets, tags, and shared content within the App.
- Comments: If you add comments to income or expense entries, we store the content, timestamp, and author details.
c. Automatically Collected Information
- Technical Data: We may collect your timezone, timestamps of account creation and updates, and device activity to improve your experience and maintain the App’s functionality.
2. How We Use Your Information
We use your information to provide, maintain, and improve BMZ Wallet. Specifically, we may use it to:
- Create and manage your account, authenticate your identity, and sync your data across devices.
- Track and display your income, expenses, savings, and financial goals as per your input.
- Organize your data into wallets, tags, and statistical summaries (e.g., daily or monthly stats).
- Enable sharing features, such as allowing you to share wallets with other users and manage permissions.
- Send push notifications (if enabled) to keep you updated on your financial activity or app features.
- Monitor and improve the App’s performance, troubleshoot issues, and enhance user experience.
- Comply with legal obligations or protect the security of the App and its users.
3. How We Share Your Information
We do not sell your personal information. However, we may share your information in the following circumstances:
- With Other Users: If you choose to share a wallet with another user, we will share the wallet’s details (e.g., name, income, expenses, tags) and any permissions you grant (e.g., view or edit access) with the designated user. Share tokens, which expire after 15 minutes, may also be generated to facilitate secure sharing.
- Service Providers: We may share your information with third-party vendors (e.g., cloud hosting providers like AWS) who help us operate the App, process data, or deliver services, under strict confidentiality agreements.
- Legal Compliance: We may disclose your information if required by law, regulation, or legal process, or to protect the rights, safety, or property of BMZ Wallet, our users, or the public.
- Business Transfers: If BMZ Wallet is involved in a merger, acquisition, or sale of assets, your information may be transferred as part of that transaction, subject to confidentiality protections.
4. Data Storage and Security
Your data is stored in a secure database hosted on Amazon Web Services (AWS) with replication for reliability. We implement industry-standard security measures, such as encryption and access controls, to protect your information from unauthorized access, loss, or misuse. However, no system is completely secure, and we cannot guarantee absolute security.
5. Your Choices and Rights
You have control over your information:
- Account Management: You can update your profile details (e.g., name, email) or delete your account at any time through the App’s settings.
- Sharing Preferences: You can enable, disable, or archive wallet-sharing permissions with other users.
- Push Notifications: You can opt out of push notifications via your device settings.
- Data Access: Depending on your jurisdiction, you may have the right to request access to, correction of, or deletion of your personal data. Contact us at syed.murtza@gmail.com to exercise these rights.
6. Children’s Privacy
BMZ Wallet is not intended for use by individuals under the age of 13. We do not knowingly collect personal information from children under 13. If we learn that such information has been collected, we will take steps to delete it.
7. International Data Transfers
Your information may be processed and stored in the United States or other countries where our service providers operate. By using the App, you consent to the transfer of your data to these locations, which may have different data protection laws than your country.
8. Changes to This Privacy Policy
We may update this Privacy Policy from time to time to reflect changes in our practices or legal requirements. We will notify you of significant updates via the App or email. The “Last Updated” date at the top of this policy indicates when it was most recently revised.
9. Contact Us
If you have questions, concerns, or requests regarding this Privacy Policy or your data, please contact us at:
Email:syed.murtza@gmail.com
Thank you for trusting BMZ Wallet with your financial tracking needs. We’re here to help you manage your money with confidence and security!