PROMO MECHANICS

 

  • The Cashalo Member-Get-Member Promotion (referred to as “Promo”) will run from November 3 to November 30, 2020. (the “Promo Period”)
  • Cashalo users (both referrer and referee) will get the following rewards upon successful referrals made within the promo period. The rewards are as follows:

 

Reward *Get up to P100 cash rewards per approved referral
Your Reward P100 (Cashaloan)
P100 (Shop Now Pay Later)
P100 (Pay Later)
P100 (Lazada Loan)
Every referred friend who applies for a loan for the first time will get a chance to earn up to P500 in prizes

 

  1. FOR REFERRER:
  2. The Promo is open to all Cashalo registered users (referred to as “Referrer”).
  3. To qualify for rewards:
  4. The Referrer must make a referral by sending their unique link, personalized QR code or unique invitation code through different sharing method in the app: SMS, Messenger, Viber, Facebook and
  5. Your referral must successfully install, register and make his/her FIRST usage of any of these Cashalo participating products:
    • CashaLoan – approved cash loan
    • Shop Now Pay Later – approved CashaCart installment and shop at our partner stores
    • PayLater – used PayLater credit on CashaDeals or pay via QR in participating retail store
    • Lazada Loan – approved Lazada loan
  6. The Referrer will receive P100 for every referral approved of his or her first cash loan.
  7. The Referrer will receive P100 for every referral approved of his or her first Shop Now Pay Later.
  8. The Referrer will receive P200 for every referral who made his or her first transaction on CashaDeals or pay via QR on any participating retail stores
  9. The Referrer will receive P200 for every referral approved of his or her first Lazada loan.
  10. The Cash Rewards will be accumulated and directly deposited to the cash-out options linked to Cashalo App. Cash-out options are as follows:
    1. PayMaya account should match the mobile number registered to the app
    2. Bank Account should be valid and should match the user’s registered name in the app
    3. Lazada Wallet account should match the mobile number and email address registered to the app
  11. Cash rewards earned from the 1st to the 14th day of the current month will be credited to on the 30th day of the current month. Cash rewards earned from the 16th to the 30th of the current month will be credited to you on the 15th of the following month.
  12. You must have any of the cash-out options linked to Cashalo app to receive your rewards. If you linked multiple account, your rewards will be disbursed on PayMaya, then bank accounts and lastly, Lazada Wallet. See sample scenarios below:

 

SCENARIOS DISBURSEMENT CHANNEL
If a user linked all accounts (PayMaya, bank, Lazada Wallet) Disbursed to PayMaya account
If a user linked two accounts (PayMaya and Bank) Disbursed to PayMaya account
If a user linked two accounts (PayMaya and Lazada Wallet) Disbursed to PayMaya account
If a user linked two accounts (Bank and Lazada Wallet) Disbursed to Bank account
If a user linked one account Disbursed to the linked account

 

  1. Rewards will be forfeited based on schedule below:

 

Rewards From Forfeit Date Deadline to input bank account
From To
November 3, 2020 November 30, 2020 June 30, 2021 June 29, 2021

 

  1. The Referrer will be notified once cash rewards have been disbursed to the account via SMS. He/She will receive a message from CASHALO stating the reward amount transferred to his/her cash-out channel.
  2. The Referrer can monitor the status of his/her referrals on the ‘Invite My Friends’ tab on Me Page of Cashalo App.
  3. The Referrer can monitor status of his/her rewards on the ‘My Rewards’ tab on Me Page of Cashalo App.
  4. Rewards amount are fixed and will only be awarded if ALL promo terms and conditions are met.
  5. Cash rewards are non-transferrable.
  6. If the Referrer has a loan application that is rejected within the Promo Period, he/she will be disqualified from 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.

 

 

  1. FOR REFEREE:
  2. To avail the promo:
    1. The Referee must register to Cashalo by using a friend’s unique link, personalized QR code or input friend’s unique invitation code.
    2. After successful registration, the referee will be redirected to page which shows his/her reward. Rewards can be as follows:
  • P50, 100, 500 cash reward
  • P50, 100, 150, 200 coupon reward
  1. The Referee must apply for any of these eligable Cashalo loan product to redeem the reward:
    • CashaLoan – apply for a cash loan for the first time
    • Shop Now Pay Later – apply for CashaCart installment for the first time
    • PayLater – Activate Paylater credit limit
    • Lazada Loan ­– apply for Lazada loan for the first time
  2. Upon successful application, your rewards will be reflected on the Cashalo App. Coupon rewards will be available on ‘My Coupons’ and cash rewards will be available on ‘My Rewards’ tab on the Me Page of Cashalo App.
  3. To redeem and use your coupon reward:
    1. The coupon reward will be available on the ‘My Coupons’ tab on the Me Page of the Cashalo App. The disbursement of coupon will be instant.
    2. The Referee must activate PayLater on the Cashalo App to use the coupon on their purchase in CashaDeals
      1. To activate PayLater,
        1. Go to PayLater page in the app and submit personal information, take a selfie and accept the Terms and Conditions.
        2. Once PayLater credit limit is activated, you can use it to purchase in CashaDeals and pay via QR in participating retail store.
      2. To use your coupon reward, This
        1. Go to PayLater page and browse all CashaDeals vouchers
        2. Choose your desired voucher, Click “Buy Now​” and place your order
        3. Tap “Cashalo Coupon” and select the coupon you want to use
        4. Pay with credit limit and confirm your payment code
        5. You will receive your e-voucher via SMS​
      3. The Coupon rewards are non-transferrable and may be redeemed until June 30, 2021.
    3. To redeem your cash reward:
      1. The cash reward will be available on the ‘My Rewards’ tab on the Me Page of the Cashalo App once application has been successfully submitted.
      2. The cash rewards will be disbursed every 15th and 30th of the month to your link cash-out options.
      3. You must have any of the cash-out options linked to Cashalo app to receive your rewards. If you linked multiple account, your rewards will be disbursed to the most recent account update.
    4. The Referee will only qualify for one (1) reward only.
    5. Any fraudulent application shall be disqualified from earning rewards and shall be subject to investigation.
    6. In case of dispute, the decision of Oriente Express Techsystem Corporation with the concurrence of DTI shall be considered final.