Privacy Policy

Introduction

Welcome to Sako (collectively referred to in this policy as "we," "us," or "our"). We operate the Sako mobile application (the "App"), and various services including stablecoin wallet services, remittances to Africa, airtime purchases, and peer-to-peer payments (the "Services"). This Privacy Policy explains how we collect, use, store, and disclose your personal data when you use our App and Services.

Depending on where you are located and/or which entity is providing the Services, the laws and regulations of the United States, France, or Niger may apply.

By accessing or using our App or Services, you agree to the terms of this Privacy Policy. If you do not agree, you must not use our App or Services.

The Data We Collect

We may collect, use, store, and transfer the following categories of personal data:

We do not knowingly collect personal data from individuals under the age of 18. If you are a parent or guardian and believe we may have inadvertently collected personal data about a minor, please contact us at support@sako.money so we can delete it.

How We Collect Your Data

We use different methods to collect data from and about you, including:

• Direct interactions: You may give us your personal data by filling in forms in our App or by corresponding with us via email, chat, or otherwise.
• Automated technologies: As you interact with our App, we may automatically collect Technical Data and Usage Data about your equipment, browsing actions, and patterns.
• Third parties: We may receive personal data about you from third parties such as Bridge (our stablecoin infrastructure provider), analytics providers, and payment services.

How We Use Your Data

We will only use your personal data where we have a valid legal basis to do so. Common uses include:

1. Providing and managing the App and Services: To create and manage your stablecoin wallet, process transactions, facilitate remittances, and provide other financial services.
2. Communicating with you: To respond to your inquiries, provide customer support, send administrative messages, or notify you of changes to our Terms and Conditions.
3. Improving our App and Services: To analyze how users interact with our App and Services, and to develop new features or enhance existing ones.
4. Compliance and legal purposes: To comply with applicable laws, regulations, and legal processes, including KYC and AML requirements.
5. Security and fraud prevention: To protect our users and prevent fraudulent activities, money laundering, and other illegal activities.

Data Sharing and Protection

Sharing and Disclosure of Your Data

We may share your personal data with the following categories of recipients:

We do not sell your personal data to third parties.

International Data Transfers

Given that we operate globally through our entities in the US, France, and Niger, your personal data may be transferred to and processed in jurisdictions other than your own. We take appropriate measures to ensure that personal data remains protected in accordance with this Privacy Policy and applicable data protection laws.

Data Security

We implement appropriate technical and organizational measures to protect your personal data from unauthorized access, misuse, alteration, or disclosure. These measures include:

• Encrypted connections (HTTPS/TLS) when transmitting data
• Secure servers and firewalls
• Regular security audits and vulnerability assessments
• Access controls limiting data access to authorized personnel only

However, no method of transmission or electronic storage is completely secure, and we cannot guarantee absolute security of your data.

Data Retention

We will only retain your personal data for as long as necessary to fulfill the purposes we collected it for, including for the purposes of satisfying any legal, accounting, or reporting requirements. As a financial services provider, we may be required to retain certain data for up to 7 years or longer as required by law.

Your Rights and Choices

Your Data Protection Rights

Depending on your jurisdiction (e.g., EU/EEA, UK, certain US states, etc.), you may have certain rights regarding your personal data, such as:

To exercise any of these rights, please contact us at support@sako.money. We will respond to your request in accordance with applicable law.

Cookies and Similar Technologies

We use cookies and similar technologies to improve your experience on our App, analyze usage patterns, and deliver relevant content. You can manage or disable cookies through your device settings, though doing so may affect certain features of our App.

Additional Information

Third-Party Services

Our App integrates with third-party services, including Bridge for stablecoin infrastructure. These third parties have their own privacy policies, and we encourage you to read them. We are not responsible for the privacy practices of these third parties.

Changes to This Privacy Policy

We may update this Privacy Policy from time to time to reflect changes in our practices, technologies, legal requirements, or other factors. When we do, we will revise the "Last updated" date at the top of this page and notify you through the App or by email for significant changes.