# ArthaWise Privacy Policy

Last updated: [8th Jan 2025]

 

 

## Our Commitment to Privacy

ArthaWise is committed to protecting your privacy and ensuring you have a positive experience when using our financial management application. This policy outlines our data collection and use practices.

 

 

## Information Collection and Use

### Personal Financial Data
– All financial data (transactions, budgets, goals) is stored locally on your device
– No personal financial information is transmitted to external servers
– Your financial data remains private and under your control

 

 

### Data Storage
– Data is stored securely on your device using Apple’s CoreData framework
– No cloud storage or synchronization of personal data
– All data remains encrypted using iOS system-level encryption

 

 

### Data Not Collected
We do not collect:
– Personal identification information
– Location data
– Usage statistics
– Banking credentials
– Credit card information
– Contact information

 

## Third-Party Services

### Currency Exchange Rates
– We use Alpha Vantage API solely for currency conversion rates
– Only currency codes are transmitted, no personal or financial data
– No identifying information is shared with the service

 

## Data Security

### Local Storage Security
– All data is stored locally using iOS security best practices
– Utilizes iOS system-level encryption
– Protected by your device’s security measures (Face ID, Touch ID, or passcode)

 

### Network Security
– All API communications use HTTPS encryption
– No personal data is transmitted over the network
– Currency conversion requests are anonymous

 

## Your Rights and Control

You have complete control over your data:
– All data can be deleted directly within the app
– Uninstalling the app removes all associated data
– No data persists on external servers

 

## Children’s Privacy

ArthaWise does not knowingly collect or maintain information from persons under 13 years of age.

 

## Changes to This Policy

We may update this privacy policy from time to time. We will notify you of any changes by:
– Posting the new privacy policy in the app
– Updating the “Last Updated” date at the top of this policy

 

## Contact Us

If you have any questions about this Privacy Policy, please contact us at: 5minutemint@gmail.com

 

## Compliance with Apple Guidelines

ArthaWise complies with:
– Apple’s App Store Review Guidelines
– Apple’s privacy requirements
– Local data protection regulations

 

## Data Protection Practices

### App Tracking Transparency
– No user tracking implemented
– No advertising identifiers used
– No cross-app tracking

 

### Privacy Labels
Our App Store privacy labels accurately reflect our data handling:
– No data collection from users
– No data sharing with third parties
– No tracking functionality

 

## Local Data Management

Users can:
– Delete all data through the app’s settings
– Export their financial data (future feature)
– Control all aspects of data storage

 

## Security Measures

We implement:
– Local data encryption
– Secure network communications
– iOS best practices for data protection

 

## Your Choices

You maintain full control:
– All data storage is optional
– You can delete data at any time
– You can stop using the app without any data persistence

 

## Governing Law

This privacy policy is governed by law and Apple’s platform guidelines.

 

## Questions or Concerns

For privacy-related questions or concerns, please contact:
5minutemint@gmail.com