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Is S1lkPay Safe?

S1lkPay privacy label · by S1LK, TOO · checked November 2026

  • Tracks you
  • Collects financial info
App Privacy label Developer-reported · checked November 1, 2026
Used to track you
2types
Linked to you
4types
Not linked to you
0types

None declared

Short answer

It depends on how you feel about tracking: S1lkPay declares data used to track you. The sensitive items are financial info. In total the label lists 4 data types; 25% of digital wallets we checked declare tracking.

At a glance

S1lkPay privacy in one look

Data exposure on the label
Used to track you
  1. 1
  2. 2
  3. 3
  4. 4

Built only from the developer's App Store label. It describes disclosure, not tested behaviour.

Verdict from the label
Tracks you

S1lkPay's developer reports using financial info, usage data to track you across other companies' apps and websites.

Try it

Did S1lkPay ask for something?

Pick the permission prompt you saw. We compare it with what S1lkPay's developer declared.

It asked me for access to…
Tap a prompt to compare it with the label.
Not on the label

Location is not on S1lkPay's label. That can be fine: data used only on your iPhone does not have to be declared. If the data would need to leave the phone for the feature to work, ask why it is missing.

Not on the label

User Content is not on S1lkPay's label. That can be fine: data used only on your iPhone does not have to be declared. If the data would need to leave the phone for the feature to work, ask why it is missing.

Not on the label

Contacts is not on S1lkPay's label. That can be fine: data used only on your iPhone does not have to be declared. If the data would need to leave the phone for the feature to work, ask why it is missing.

Expected — and you can decline

S1lkPay declares data used to track you, so expect the “Allow to track?” prompt. Tap Ask App Not to Track; the app must keep working without it.

Not on the label

Health & Fitness is not on S1lkPay's label. That can be fine: data used only on your iPhone does not have to be declared. If the data would need to leave the phone for the feature to work, ask why it is missing.

A permission is what the app can reach on your iPhone; the label is what the developer says leaves it. They answer different questions.

Line by line

What S1lkPay collects, explained

Data typeWhat it coversWhere to limit it
Financial InfoSensitiveUsed to track youLinked to you Card numbers, bank details, credit scores, salary, income, assets or debts. Pay with Apple Pay where offered so the app never sees your card number, and turn on the app's own login lock.
Contact InfoLinked to you Your name, email address, phone number or postal address. Use Sign in with Apple with Hide My Email where offered, and check the app's account and marketing preferences.
IdentifiersLinked to you An account ID, screen name, customer number or a device-level ID such as the advertising identifier. Settings › Privacy & Security › Tracking: turn off Allow Apps to Request to Track, or tap Ask App Not to Track when prompted.
Usage DataUsed to track youLinked to you What you tap, open and view inside the app, plus which ads you have seen. There is no single iOS switch. Look for an analytics or personalised-ads toggle in the app's own settings.
Reading the label

What S1lkPay's label means for you

S1lkPay's label has 2 types under “Data Used to Track You”, 4 types under “Data Linked to You”. A data type can appear in more than one section when it is used for different purposes — for example, identifiers used for both analytics and advertising.

Tracking is the declaration that most separates apps. It means financial info, usage data from S1lkPay can be combined with data from other companies to target or measure ads, or shared with data brokers. On iOS 14.5 and later, the app must ask your permission before tracking you through the advertising identifier; answering “Ask App Not to Track” blocks that identifier and tells the developer you have declined.

The items that deserve the most attention are financial info. Financial data is high-value to criminals and is often regulated. Expect it in banking and budgeting apps; question it elsewhere.

Wallet apps hold payment details, passes or crypto keys. Financial data on the label is expected; tracking alongside it is the thing to compare. Back up recovery phrases offline for crypto wallets, and use Apple Pay where a card wallet is optional.

Among the 173 digital wallets in our snapshot with a label, 25% declare tracking, 55% collect data linked to you and 28% say they collect nothing. S1lkPay lists 4 data types, about the same as the average of 3.3 for this group.

Finance apps need identity and financial data to function. Expect Contact Info and Financial Info; compare apps on tracking and third-party advertising instead.

On your iPhone

Settings to check for S1lkPay

  1. 1

    Tracking

    Settings › Privacy & Security › Tracking. If “Allow Apps to Request to Track” is off, apps cannot ask, and they are told to treat you as having declined. You can also turn it off for this app alone.

  2. 2

    Sign-in

    When creating an account, Sign in with Apple can give the app a relay address from Hide My Email instead of your real one.

  3. 3

    Lock the app

    On iOS 18 and later, touch and hold the icon and choose Require Face ID. Anyone who picks up your unlocked phone then needs your face, fingerprint or passcode to open it.

  4. 4

    Notifications

    Settings › Notifications › S1lkPay › Show Previews: When Unlocked keeps message and account details off the Lock Screen.

Cross-app tracking

Does S1lkPay track you?

Yes — 2 data types

Financial info and usage data. Apple defines tracking as linking data from this app with data from other companies' apps, websites or offline sources for targeted advertising or ad measurement, or sharing it with a data broker.

Does S1lkPay track you? Full answer and how to stop it →

iOS 18 and later

Lock S1lkPay behind Face ID

  1. Find S1lkPay on your Home Screen or in App Library.
  2. Touch and hold the icon until the quick-actions menu opens.
  3. Tap Require Face ID (or Require Touch ID / Require Passcode, depending on your iPhone).
  4. Tap Require Face ID again to confirm. S1lkPay now asks for authentication every time it opens.

The lock is an iPhone feature, so it works whether or not S1lkPay has a passcode of its own. It does not change what the app sends to its developer.

Lock or hide S1lkPay: step-by-step guide →

From the App Store record

About S1lkPay

DeveloperS1LK, TOO
App Store categoryFinance
Latest version3.11.4, released July 2026
First releasedSeptember 2022
RequiresiOS 15.5 or later
Size243 MB
Age rating4+
Languages4 (AR, EN, KK, RU)
Bundle IDcom.silksoftgroup.silkpay

The current version shipped in July 2026. That is recent enough that the label should reflect current practices, but check the App Store page again before relying on it.

Read with care

What the label cannot tell you

  • A label is self-reported. Apple publishes the developer's answers and can reject apps that misrepresent them, but it does not independently verify what S1lkPay sends.
  • It does not say where data is stored, how long it is kept, whether it is encrypted, or which companies receive it. The privacy policy covers those points.
  • Optional data counts: if a feature lets you add something (a profile photo, a phone number), the type is listed even if you never use the feature.
  • Data handled only on your iPhone is not 'collected', so a no-collection label is compatible with an app that reads your files locally.
  • Third-party sign-in, payment processors and SDKs are supposed to be included, but a label can lag behind a new version.

The question to ask S1lkPay's developer: If I lose my phone, how do I lock or recover the wallet?

How it compares

S1lkPay vs similar digital wallets

Data types listed on each App Store privacy label
Tracks youLinked to youNot linkedCollects nothing

Fewer types is not automatically safer: a cloud backup app has to collect your files to work. Compare like with like.

Checking another app?

Look up any of our apps in seconds, or put two labels side by side.

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Do it now

Your S1lkPay privacy checklist

Tick what you have done
Tick each step as you do it on your iPhone.

Done. You have applied every control the label points to.

Quick quiz

True or false?

  1. Q1S1lkPay's privacy label says it uses data to track you.
    Right.
    Not quite.

    True: it lists financial info and usage data under Data Used to Track You.

  2. Q2Apple tests every app to confirm its privacy label is accurate.
    Right.
    Not quite.

    Labels are self-reported by developers. Apple can reject or remove apps that misrepresent practices, but it does not audit each label.

  3. Q3S1lkPay collects Financial Info.
    Right.
    Not quite.

    True: Financial Info appears on its label.

  4. Q4Data “Not Linked to You” is never sent off your iPhone.
    Right.
    Not quite.

    It is collected and sent; the developer says it is de-identified rather than tied to your account or device.

  5. Q5Tapping “Ask App Not to Track” can stop an app from working.
    Right.
    Not quite.

    Apple's rules require apps to work the same whether or not you allow tracking.

Questions people ask

S1lkPay privacy FAQ

Is S1lkPay safe to use?
Based on its App Store privacy label, s1lkPay's developer reports using financial info, usage data to track you across other companies' apps and websites. Whether that is acceptable depends on what you will store in it. The label is developer-reported, not an independent security test.
Does S1lkPay track you?
Yes. Its label lists financial info and usage data under Data Used to Track You. You can decline at the iOS tracking prompt.
What data does S1lkPay collect?
Financial info, contact info, identifiers and usage data. Of these, financial info, contact info, identifiers and usage data are linked to your identity.
Who makes S1lkPay?
S1LK, TOO, according to the App Store. It was first released in September 2022 and the current version is 3.11.4.
Can I lock S1lkPay with Face ID?
On iOS 18 or later, touch and hold S1lkPay's icon and choose Require Face ID (or Touch ID / Passcode). This is an iPhone feature and works for most downloaded apps, whether or not the app has its own lock.
How does S1lkPay compare with other digital wallets?
Across 173 digital wallets with labels in our snapshot, 25% declare tracking and 28% say they collect no data. S1lkPay lists 4 data types against an average of 3.3.
If I lose my phone, how do I lock or recover the wallet?
The privacy label cannot answer that. Look for it in S1lkPay's privacy policy or support pages, linked from the App Store listing. Back up recovery phrases offline for crypto wallets, and use Apple Pay where a card wallet is optional.
How do I delete my data from S1lkPay?
Apps that let you create an account must also let you start account deletion from inside the app (an App Store rule since June 2022). Deleting the app from your iPhone alone does not delete data already sent to the developer.
Facts on this page come from S1lkPay on the App Store, as reported by the developer. Checked 2026-11-01. How we collect data · Report a correction