Privacy Policy

Privacy Policy of the Vaulter app

Dear Clients, 

Please read the Privacy Policy carefully before becoming a user of our services (hereinafter: Service User). In the registration process on the Vaulter App, you agree to the Privacy Policy and confirm that you have read, and understood the conditions under which we process your personal data and accepted the Privacy Policy. 

Our company POWRS AB, org. no 559302-8045, Hammarbybacken 27, Stockholm, Sweden, together with our subsidiary company POWRS DOO, ID no 21761818, TAX no: 112890694, Kneza Mihaila Street 30, Belgrade, Serbia, mail:, offers service Vaulter in Serbia, especially with respect and protection of the privacy of each person, Service User.”


Legal basis 

The collection, processing, and storage of Personal Data are carried out in accordance with the Law on personal data protection ("Official Gazette of the Republic of Serbia" No. 87/2018) (hereinafter: "the Law"), as well as the fulfillment of the following general obligations: 

a) Application of all principles of data processing: 

• The principle of legality (lawfulness, fairness, and transparency) 

• Principle of expediency (limitation of purpose) 

• Principle of proportionality (minimization of data) 

• Principle of data accuracy 

• Principle of limited data storage 

• The principle of data security 

• Principle of responsibility 

b) Proceedings according to requests (Art. 21.-22.) 

c) Notification of processing (Art. 23-24) 

d) Exercising a person's rights (Art. 26-40) 

Your Personal Data will be processed in a way that ensures adequate protection of personal data, including protection against unauthorized or illegal processing, as well as against accidental loss, destruction or damage by applying appropriate technical, organizational, and personnel measures ("integrity and confidentiality"). 

Personal data obtained based on your consent will be processed and stored in our database in Serbia as long as your consent exists, that is, until your consent is revoked. You can withdraw your consent to the collection, processing, and use of your Personal Data at any time by withdrawing your consent by sending an e-mail to the address

As a Client, according to the Law, you have the right to request: access, correction, addition, or deletion of personal data, i.e. the right to restriction and portability of data, as well as the right to submit an objection to data processing. 

For the execution of contractual obligations, the Company collects Personal data that are necessary for the conclusion and execution of a sales contract between you and another Service User, in which case we have a basis for collecting, processing, and storing your Personal data, as well as in other cases provided for by Law. 

Personal data we collect, store and save upon creation of the account: 

a) Full Name 

b) Portrait photo 

c) ID photo 

d) ID card number 

e) Personal ID 

f) Birthday 

g) Username 

h) PIN 

i) Email address 

 j) Phone number 

k) City  

l) Country 

Additional personal data we collect, store and save in the case of a sales contract: 

  1. Address of the residence from personal document 

  2. Address for delivery in case it’s different from the residence address 

  3. Account number with a commercial bank in order for you to receive the payment in case of a successful deal

The purpose of collecting Personal Data is: 

• conclusion and execution of contracts on the purchase and sale of goods/services; 

• realization of the transaction; 

• registration of your account on our App; 

• providing answers to your inquiries or various requests; 

• improving the functioning of our App and our service; 

• other purposes defined in the Cookie Policy. 

Data processed in accordance with the Law on Prevention of Money Laundering and Financing of Terrorism are stored for 10 years from the date of termination of business cooperation. Other data are stored until the end of the processing purpose for which they were collected, i.e. data that is collected on the basis of the law as a legal basis is stored as long as determined by a specific law or other positive regulation (two years from the date of exercise of your legal rights). Data collected on the basis of a contractual relationship are stored for five years from the last activity of the consumer in our application. Data processed solely on the basis of your consent are stored until the consent is revoked, i.e. five years from your last activity on our App. 


Your Personal Data will be treated as confidential information, and we will take appropriate necessary measures to protect it in accordance with the Law. Access to them will be granted only to persons who, considering the description of the work they perform, should be familiar with your Personal Data and only to the extent necessary for the performance of their work. 

This Privacy Policy is available on our App. If we decide to change our Privacy Policy, the changes will be posted and posted on our App. 


If you have questions or requests regarding the processing of your Personal Data, please feel free to contact us at any time at the email address: