Where we use “we”, “our” “us” in this Privacy Policy, we mean Universal Monetary Unit Corporation unless we say otherwise.
Universal Monetary Unit (UMU), Unicoin, is a digital currency public monetary system enabling the settlement and payment of domestic and international money transfers. To achieve this purpose in compliance with banking regulations, we must collect personal information from our users.
Personal data is any information that relates to an identifiable individual, and we may collect this information when you interact with our products or services.
Among the types of personal data that this application collects, by itself or through third parties, there are: Camera permission; Telephone permission; Files/Media/Storage permission; Other Permissions such as view Network/Wi-Fi connections; view Google service configuration; use fingerprint/biometric hardware; upload of user’s installed application information.
Complete details on each type of personal data collected are provided in the dedicated sections of this privacy policy. Personal data may be freely provided by the user. Unless specified otherwise, all data requested by this application is mandatory and failure to provide this data may make it impossible for this application to provide its services.
Personal Identifiable Information (PII) (e.g. Name, Address, Date of Birth) Address and employment details Your banking information and financial details Details of interactions with us (e.g. Call Center, WhatsApp Chat, Message Center)
By registering or authenticating, users allow this application to identify them and give them access to dedicated services. The personal data that is stored in the user’s device or on our servers are used for registration or identification purposes only.
The user registers by filling out the registration form and providing the personal data directly to this application. Personal data that are processed includes: Full name, mobile phone, email address, physical address, date of birth, government identification, username, and profile photo.
Any personal information held by us will be committed to a high degree of protection. All PII is encrypted and not stored within our transaction systems.
We leverage Amazon Web Services (AWS) encryption and security features throughout the application. We outsource the encryption and handling of personal data and sensitive wallet details with AWS.
Here are the ways that we collect your data – through these touchpoints which are relevant to how you may interact with our products/services in your daily lives:
Product sign-ups and promotions, contests and giveaways, app downloads and registrations, general digital banking services.
Digital payments through website and apps, contactless payments.
DFor our mobile device users, we may further obtain information obtained from mobile device with your consent such as device permissions for personal data access.
Depending on the user’s specific device, this application may request certain permissions that allow it to access the user’s device data as described below.
By default, these permissions must be granted by the user before the respective information can be accessed. Once the permission has been given, it can be revoked by the user at any time.
The exact procedure for controlling app permissions may be dependent on the user’s device and software. Please note that the revoking of such permissions might impact the proper functioning of this application.
Used for accessing the camera or capturing pictures for profile photo, capturing face for face registration and authentication from the device, allow to capture photos of personal information like ID, passport, employment letter etc., while applying for personal information update feature in the application.
Used for capturing phones status and identity such as Device ID (unique Device ID provided by the platform), Device OS type, Device Name and Device Model.
Allows upload of photos or documents when you wish to update your personal information or profile picture through the application by selecting from your phone’s Gallery. You are allowed to select only PDF, JPG, JPEG, PNG documents while you wish to apply for updating profile information.
Your personal information allows us to create more personalized and unique user experiences. We analyze personal information to evaluate and improve products and services, develop new products or features, and conduct audits and troubleshooting activities.
When you trust us with your data, it’s only right that you understand how we may use it:
Verify your identity before providing our services, or responding to any of your queries, applications, feed-back and complaints.
We may contact you to suggest products and services of potential interest to you.
We reserve the right to share or disclose your PII in its sole discretion with regulatory authorities, that the disclosure of such PII is necessary or appropriate.
For example, we may share PII with regulatory authorities (i) to enforce our rights against you or in connection with a breach by you of this privacy policy or the terms and conditions of use of our digital channels and services, (ii) to prevent prohibited or illegal activities, or (iii) when required by law, legal process, litigation, or requests from credit agencies, respective central banks or any other governmental authorities within the respective countries, disclosure is necessary or appropriate.
Users may exercise certain rights regarding their data processed by the owner.
Users have the right to do the following:
Withdraw their consent at any time. If you do take away your consent, we’ll stop using your personal data straight away, except where the law requires us to store it. It’s worth knowing that if we can’t use your personal data, it will affect how we can provide you with services. It may also mean that our relationship with you must end, either partially or completely.
Object to processing of their Data. Users have the right to object to the processing of their data if the processing is carried out on a legal basis other than consent.
Verify and seek rectification to gain full access to our services. Users have the right to verify the accuracy of their data and ask for it to be updated or corrected. You can access the personal data that we hold about you at any time.
It is your responsibility to keep your personal information up to date by updating your profile through our digital channels. We are not responsible for any costs, losses, damages or expenses or other issues arising from you by not keeping your personal information up to date.
Additional information about Data collection and processing –
The user’s personal data may be used for legal purposes by the owner in Court or in the stages leading to possible legal action arising from improper use of this application or the related Services. The user declares to be aware that the owner may be required to reveal personal data upon request of public authorities.
For operation and maintenance purposes, this application may collect files that record interaction with this application.
UMU reserves the right to make changes to this privacy policy from time to time by notifying its users on this page and possibly within this application to ensure consistency with any developments to the way UMU uses your data. It is strongly recommended to check this page often, referring to the date of the last modification listed at the bottom.
Should you have any inquiries with regards to the accuracy of your personal information or of any transaction occurring through our digital touchpoints, please contact us privacy@unicoinnetwork.com.
This Privacy Policy was last reviewed and updated in February, 2023.