Privacy Policy for Monofare
Last updated: November 29, 2025
This Privacy Policy describes how Monofare (“we”, “us”, or “our”) collects, uses, and discloses your information when you use our mobile application (the “App”).
1. Information We Collect
1.1 Contact Information
We request access to your device’s contact list. This access is used solely for the purpose of allowing you to select contacts to add to your transactions, quotes, or shared expenses within the App.
We do not upload your contact list to any external servers. All contact processing happens locally on your device.
1.2 Financial and Usage Data
The App allows you to track expenses, quotes, and trips. This data is stored locally on your device using an internal database. We do not have access to this data, and it is not transmitted to us.
2. How We Use Your Information
- To provide App functionality: We use your contacts to facilitate the selection of people for expense splitting and record-keeping.
- To improve the App: We may use anonymous usage data (if you opt-in to standard platform analytics) to understand how the App is used and improve its performance.
3. Data Storage and Security
All personal data, including your financial records and selected contacts, is stored locally on your device. We recommend that you secure your device with a password or biometric authentication to protect your data.
4. Third-Party Services
The App may use third-party services that collect information used to identify you. Link to privacy policy of third-party service providers used by the app:
5. Changes to This Privacy Policy
We may update our Privacy Policy from time to time. Thus, you are advised to review this page periodically for any changes. We will notify you of any changes by posting the new Privacy Policy on this page.
6. Contact Us
If you have any questions or suggestions about our Privacy Policy, do not hesitate to contact us at info@monopolysystems.com.