Terms and Conditions for “Unlock Cashback Opportunities with Quick Access Loan”

  1. The lucky draw Campaign is valid for Customers who apply for new QAL loans or renew existing QAL loans within the period of February 12th to March 11th, 2024.
  1. The purpose of the Campaign is open to KBZPay agents/Super-agent retailers who meet the loan application or renewal criteria.
  1.  In this Campaign, winners will be chosen randomly to win a cashback of 20,000 Kyat by KBZPay using a computerized system.
  1. Winners will be announced weekly on the KBZPay Facebook Official Page (with a blue mark) and the Official Website. Following the announcement, the lucky winners will receive a cashback of 20,000 Kyats by sending an SMS in the name of KBZPay. 
  1. In this Campaign, a total of 15 winners per week, distributed evenly across four weeks, amounting to 60 winners in total, will have the opportunity to receive cashback. The lucky winners of the cashback will be announced weekly.
  1. Winners will provide their personal information such as name, NRC, phone number and current address along with a screenshot of the prize SMS sent to their phone and the address to receive their prize into the Chat Box (Messenger) of KBZPay Facebook Page.
  1. The cashback will be credited directly to the winner’s KBZPay Agent’s account within (3) days after the prize is announced. Although the Cashback credit timeline is within three (3) days after the prize is announced, the timeline may be varied in the event outside the control of KBZ Bank.
  1.  KBZ bank will never ask for the password from the Agents . Please do not share your OTP and PIN with anyone.
  2. KBZ Bank Employees and Super Agent’ TSE are not eligible to participate in this Campaign.
  1. The winners must acknowledge and agree that KBZ Bank may use the winner’s name, photographs, and phone number (not the full phone number) to announce on social media and on the website.
  1. Winners are not allowed to exchange, transfer or exchange their prize as cash. 
  1. By participating in the Campaign, participants agree to abide by these Terms & Conditions.
  1. During this Campaign period, KBZPay Agent/Super Agent Retailer will be entitled to enjoy the benefits stated in these terms and conditions, which will expire at the end of this Campaign period. 
  1. KBZ employees will not contact participants in the Campaign to ask for OTP, PIN, or KBZPay Account information.
  1. Customers are strictly forbidden to cheat in any other form or manner during this Campaign. KBZPay has the right to cancel and/or ban any Customer who is suspected to be cheating in any form and/or manner.
  1. In the event of any dispute arising between KBZPay Agent/Super Agent Retailer  and KBZPay regarding this Campaign, such dispute will be examined carefully and finally resolved by the authorized officers of KBZPay without any prejudice to the statutory rights of the Customer.
  1. KBZPay Agent/Super Agent Retailer  acknowledges and agrees that there is no right to receive any compensation as a result of cancellation or termination of this Campaign for some reasons and/or variation to these terms and conditions without giving any notice.
  2. KBZPay, at any time, shall have the right to amend or cancel or terminate the terms and conditions and or Campaign and the benefits or features regarding this Campaign conditionally for some reasons without giving any notice. All normal KBZPay terms and conditions apply.
  3. These terms and conditions shall be governed by and construed in accordance with the laws of the Republic of the Union of Myanmar.
  4. 21. KBZ reserves the right to revise initiatives introduced in response to COVID-19 and natural disasters or force majeure events at any time, as the situation evolves.KBZ will not be liable to the Customer or any other party or be considered in breach of these terms and conditions for a failure to perform, or delay in performing, any such obligation set out in these Terms and Conditions while those circumstances.
  5. These terms and conditions are made in both English and Myanmar and both versions shall be equally authentic and effective. In case of any discrepancy between the two versions, the Myanmar version shall prevail.