GENERAL MECHANICS

  • The Cashalo Member-Get-Member Promotion (referred to as “Promo”) will run from November 8, 2019 to December 31, 2019 (the “Promo Period”).
  • Cashalo users (referred to as “Referrer”) will get cash rewards for referrals made within the promo period. The rewards are as follows:
Number of Approved Referrals
1-50
51 and up
Your Reward

P50

(PayLater)

P150

(Shop Now Pay Later)

P200

(Shop Now Pay Later)

P300

(Fly Now Pay Later)

P500

(Fly Now Pay Later)

P300

(Cash Loan)

P500

(Cash Loan)

  • The Promo is open to all Cashalo registered users who meet the following criteria:
    1. Who make a referral by sending their unique invitation link
    2. Whose referral applies for a loan using the Cashalo App
    3. To qualify for the Reward:
      1. The Referrer needs to refer by following these steps:
        1. Step 1: Click on the app homepage banner.
        2. Step 2: Share the unique invitation link through any of the following methods in the app:
          1. SMS
          2. Messenger
          3. Viber
          4. Facebook
          5. Email
        3. Step 3: Select friends from your contact list to send the link to.
        4. Step 4: Go to your profile page in the app to check your list of referred friends
      2. The Referral must activate his or her credit limit and make a successful PayLater transaction, or apply for any of the other Cashalo products during the Promo Period. The eligible Cashalo products are:
        1. PayLater – including purchases of Cashadeals and pay via QR in partner merchants
        2. Fly Now and Pay Later – purchase of Cebu Pacific tickets on installment
        3. Cash Loan – including Cashaquick and Cashacart
        4. Shop Now Pay Later at partner merchants and pay in installment
  • The Referrer will get Cash Rewards for every successful referral made within the Promo Period. A successful referral is a referral who has done any of the following:
    1. Made a successful PayLater transaction for the first time
    2. Made his or her first cash loan application, and is subsequently approved within the Promo Period
    3. Purchased Cebu Pacific airline tickets via Fly Now Pay Later for the first time
    4. Made a successful Shop Now Pay Later transaction at partner merchants for the first time
  • The Referrer will receive P50.00 for every referral who activates his or her credit limit and has a successful PayLater transaction.
  • The Referrer will receive P150 for every referral approved of his or her first Shop Now Pay Later.  After his/her 50th referral, the Referrer will receive P200.00 for every succeeding referral approved of his or her first Shop Now Pay Later.
  • You will receive P300 for every referral approved of his or her first Cash Loan or Fly Now Pay Later. After your 50th referral, you will receive P500.00 for every succeeding referral approved of his or her first Cash Loan or Fly Now Pay Later.
  • The Cash Rewards will be accumulated and directly deposited to the bank account registered on the Cashalo App on the 15th or 30th of the month:
    1. Cash rewards earned from the 1st to the 14th day of the current month will be credited to your bank account on the 30th day of the current month.
    2. Cash rewards earned from the 16th to the 30th of the current month will be credited to your bank account on the 15th of the following month.
  • You must have a valid bank account registered in the Cashalo App to receive your rewards. Otherwise, your rewards will be forfeited based on schedule below:
  • Rewards Earned
    Forfeit Date
    From
    To

    January 1 of current year

    June 30 of current year December 31 of the current year
    July 1 of current year December 31 of current year

    June 30 of the following year

  • The Referrer must update his or her bank details on the app and ensure the bank details are correct.
  • The Referrer will be notified once cash rewards have been disbursed to the account via SMS. He will receive the message from CASHALO “Hello <User Name> Cashalo has transferred <reward amount> from your reward account to your bank account. For more details, please go to: Cashalo App > Me > Rewards Account. Thank you!.”
  • The Referrer can monitor his/her referrals on the ‘Invite My Friends’ page of your Cashalo App.
  • Cash rewards are non-transferrable.
  • If the Referrer has a loan application that is rejected within the Promo Period, he/she will be disqualified from the joining promo.
  • The Referrer will only be able to access ‘Invite Your Friends’ button again once disqualification has been lifted. Disqualification shall be lifted 30 days after the loan application was rejected.
  • Any fraudulent referral shall be disqualified from earning rewards and shall be subject to investigation.
  • In case of dispute, the decision of Oriente Express Techsystem Corporation with the concurrence of DTI shall be considered final.

Promo runs from Nov. 8 to Dec. 31, 2019. Per DTI Fair Trade Permit No. FTEB-20238 Series of 2019.