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There are the usual risks associated with any connected device or program. If you are downloading the Cash App on a device that already has a virus or if the device is malware-infected, then the situation could be different.
The operators of the Cash App make their security policy public on their website. It cannot be denied that to operate an app of this kind; personal information has to be collected.
These may include your name, phone number, mail ID, and so on. Also, the password will be stored on their servers.
These need to be protected from being stolen by any criminal. That responsibility rests with the company, and they ensure that it is done correctly.
To that extent, the Cash App is safe and secure for you to handle. The Cash App operators can share some of your personal information where felt necessary.
This could be to advert within the app. The Cash App service is free for you, but they will need some revenue as well. The revenue can be earned through advertising.
If you have objections to these, then the only option for you will be not to use the app. The general terms and conditions you accept while signing into the app makes it clear that you agree to all the terms stipulated therein.
These include the terms of the sharing of information. We are disrupting the Indian financial landscape, breaking down the barriers of traditional banking and pioneering true financial inclusions through SLQ.
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