11.11 Giveaway Campaign – Terms & Conditions

1.0 Eligibility

  1. The Weekly Campaign is open to all Malaysian residents aged 18 and above (“Participant” or “Participants”) subject to the Terms and Conditions herein.. Proof of residency and age may be required.
  2. The Monthly Campaign is open to all users of Versa’s mobile application holding a Malaysian citizenship, aged eighteen (18) and above (“User” or “Users”) subject to the Terms and Conditions herein.
  3. The following User(s) shall not be eligible for the to participate in this campaign:
    1. Permanent, contract, part-time, temporary employees of Versa Asia Sdn. Bhd. (“Versa”) and CompAsia Sdn. Bhd. (“CompAsia”) and their immediate family members. “Immediate family members” is defined as father, mother, brother, sister, spouse, children and adoptive relationships;
    2. Employees of agencies, partners and consultants with ongoing engagements with Versa during the Campaign Period. 
  4. In order to be eligible for the Monthly Prize in this Campaign,, Users must deposit the required Fresh Funds of a minimum total of RM100.00 in any of Versa’s Invest funds (“Fresh Funds”) to participate in this Campaign. For the avoidance of doubt, “Fresh Funds” means additional funds on top of the User’s current balance as of 1 November 2023, that do not originate from any Versa account(s).
  5. In the event a User is found to be ineligible or discovered to have committed fraud and/or abuse of system, and/or any other scenario deemed as fraud or abuse of system by Versa, at any point of time during or after the Campaign Period as stated below, Versa reserves the right at its sole discretion to disqualify the said User(s) and to cancel/withdraw/recall any prize granted to the User(s), failing which, the User(s) agrees and undertakes to indemnify Versa for the value and costs of such credit & incentives. Versa shall have the right to initiate any action it deem necessary against the said User(s).

2.0 Campaign Period and Details

  1. Unless otherwise notified by the Versa, the Campaign will be conducted from 1 November 2023, 0001hr (Malaysia time) to 30 November 2023, 2359hr (Malaysia time) (“Campaign Period”), both dates inclusive.
  2. Versa reserves its absolute right and discretion to vary or amend the Campaign Period at any time without prior notice and without assigning any reason whatsoever.

3.0 Campaign Reward

  1. The Campaign Prizes are as follows:
Total Number of WinnersCampaign Prizes
8 Total Weekly Winners
(2 winners selected per week)
Weekly Prize: RM800 CompAsia voucher per winner
6 Total Monthly WinnersMonthly Prize: RM1,000 CompAsia voucher per winner
  1. The Campaign Prizes is open to all eligible User(s) that successfully fulfill the criteria stated in clause 4.0.
  2. The Campaign Prizes are non-transferable and no cash alternatives will be available. 

4.0 Campaign Mechanics

  1. To be eligible for the weekly prize, User(s) are required to complete the following actions on a single platform (either Facebook or Instagram):
    1. Like the specified post related to the Prize.
    2. Follow both Versa’s and CompAsia’s official accounts on the same platform.
    3. Tag three (3) friends in the comments of the specified post.
    4. Share the post related to the Prize and tag Versa’s respective account.
  2. Weekly winners will be selected from eligible users who have fulfilled the criteria stated in clause 4.1 above within the timeframes below:
    1. Week 1: 1 November 2023, 0001hr (Malaysia time) to 5 November 2023, 2359hr (Malaysia time)
    2. Week 2: 6 November 2023, 0001hr (Malaysia time) to 13 November 2023, 2359hr (Malaysia time)
    3. Week 3: 14 November 2023, 0001hr (Malaysia time) to 19 November 2023, 2359hr (Malaysia time)
    4. Week 4: 20 November 2023, 0001hr (Malaysia time) to 30 November 2023, 2359hr (Malaysia time)
  3. Two (2) weekly winners will be shortlisted: one (1)  from the specified post related to the Prize on Instagram, and another one (1) from the specified post related to the Prize on Facebook.
  4. Weekly prize winners will be announced within 3 working days after the end of the weekly timeframe as stated in clause 4.2.
  5. To be eligible for the monthly prize, User(s) are required to cash in a minimum of RM100.00 in a single transaction into any Versa Invest funds during the Campaign Period. Every RM100.00 cash in made in a single transaction into any Versa Invest funds will earn the User(s) one(1) entry during the Campaign Period.
  6. Any successful cash ins made into Versa Cash will not qualify User(s) for entries throughout the Campaign Period.
  7. Monthly prize winners will be announced within 5 working days from 30 November 2023 (last day of Campaign).
  8. User(s) will only be entitled to win one (1) Campaign Prize throughout the Campaign Period.
  9. Sample scenarios as below:
Transaction PeriodSample ScenariosNumber of entries earned
Cashed in before Campaign PeriodCashed in a total of RM50.00 to any Versa Invest.0 entry
Cashed in a total of RM100.00 to any Versa Invest.0 entry
Cashed in RM50.00 in the first transaction and then cashed in RM50.00 in the second transaction to any Versa Invest.0 entry
Cashed in RM150.00 in the first transaction and then cashed in RM50.00 in the second transaction to any Versa Invest.0 entry
Cashed in during Campaign Period (1 November 2023 – 30 November 2023)Cashed in a total of RM50.00 to any Versa Invest.0 entries
Cashed in a total of RM100.00 to any Versa Invest.1 entries
Cashed in RM330.00 to any Versa Invest.3 entries
Cashed in RM10.00 before the Campaign Period and then cashed in RM90.00 during the Campaign Period.0 entries
Cashed in RM30.00 before the Campaign Period and then cashed in RM100.00 during the Campaign Period.1 entries
Cashed in RM100.00 before the Campaign Period and then cashed in RM900.00 during the Campaign Period.9 entries
Cashed in RM3,000.00 to Versa Invest then cashed in RM1,000.00 to Versa Invest, each in a single transaction.40 entries

  1. All User(s) that successfully meet the conditions of the Campaign shall be eligible for a chance to win the Campaign Prize. From the pool of eligible Users, shortlisted User(s) will be selected using a randomiser.
  2. All shortlisted User(s) for the weekly prize will be contacted by Versa via social media for further verification, to qualify them as a winner.
  3. All shortlisted User(s) for the monthly prize will be contacted by Versa via phone call for further verification, to qualify them as a winner.
  4. Versa will make a maximum of 3 attempts to contact the shortlisted User(s) for verification. In the event that Versa is unable to contact the User(s) after 3 attempts for any reason whatsoever, Versa reserves the right to select the next User(s) where the same process of selecting the winner will be repeated until a winner is identified.
  5. The Campaign Prize will be sent to User(s) via email. In the event of a delay, Versa will communicate with the User(s) via email, app inbox message, phone call or any other means deemed suitable by Versa.
  6. Versa’s decision on all matters related to this Campaign shall be final and binding, including the selection of the winners. No inquiries by the User(s) will be entertained. 

5.0 Miscellaneous

  1. Versa reserves the right to make further verifications and request for further personal identification details and documents, as well as the right to disqualify or withdraw the User(s) eligibility for the Campaign Prize at any time, including the period after the Campaign Prize has been awarded to the User(s), should there be any non-compliance to the agreed terms and conditions.
  2. Versa reserves the right to use the names, addresses, photographs, information and documents of the User(s) and/or winners as materials in advertisements and other form of publicity for the current and future marketing purposes from time to time without prior notice to the User(s) and/or winners and the User(s) and winners shall not claim ownership of the material. Participation in the Campaign constitutes their consent to such use, without further notice, payment, or consideration.
  3. By entering or participating in the Campaign, User(s) hereby fully and unconditionally agree and accept all the Terms and Conditions herein contained and agree that the decisions of Versa regarding the Campaign and all matters relating to or in connection thereto are final and binding and no such queries, appeals or correspondences will be entertained.
  4. Versa reserves the right to cancel, shorten, extend, suspend or terminate the Campaign at any time prior to the expiry of the Campaign Period without prior notice to the User(s). For avoidance of doubt, any cancellation, extension, suspension or termination of the Campaign Period at any time prior to the expiry of the Campaign Period shall not entitle the User(s) to claim any compensation from Versa for any and all losses or damages suffered or incurred by the Users as a result of the said cancellation, extension, suspension or termination. Versa  also reserves the right to amend, modify, delete or change any of the Terms and Conditions herein contained at any time at its absolute discretion without notice. Continued participation in the Campaign following any such changes and/or amendments shall constitute unconditional acknowledgement, understanding, agreement, and acceptance of such changes in respect of the Terms and Conditions.
  5. Versa shall not be held responsible or liable for any claim of loss or damage to property or personal injury or loss of life by the User(s), and/or any party resulting from or arising out of or in connection with this Campaign or the prizes given under this Campaign.
  6. These Terms and Conditions prevail over any provisions or representations contained in any brochure or other promotional materials advertised under this Campaign.
  7. Versa is the final authority to decide on the interpretation of these Terms and conditions and as to any other matters relating to this Campaign.

6.0 Personal Data

  1. By participating in this Campaign, User(s) are deemed to have agreed and consented to the collection, processing, use, disclosure and retention by Versa of their personal data in the manner as set out in the Personal Data Notice given pursuant to at https://versa.com.my/privacy-notice/