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PRS Giveaway – Terms & Conditions

1.0 Eligibility

  1. The PRS Giveaway 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.
  2. The following User(s) are not eligible to participate in this campaign:
    1. Permanent, contract, part-time, temporary employees of Versa Asia Sdn. Bhd. (“Versa”) 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. 
  3. All new and existing Users with available balances in any Versa funds may be immediately eligible for the Campaign Prize and automatically entered to participate in this Campaign by cashing in the required Fresh Funds into any Private Retirement Scheme (PRS) funds via Versa to meet the requirement.
    1. For the avoidance of doubt, “Fresh Funds” means additional funds on top of User(s) balance as of 31 December 2023 that do not originate or are not transferred from the Users’ existing Versa funds account(s), if any. 
    2. Additionally, “Cash In” means completing an FPX transaction within the Versa mobile application.
  4. 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 deems necessary against the said User(s).

2.0 Campaign Period and Details

  1. Unless otherwise notified by Versa, the Campaign will be conducted from 27th March 2024, 0001hr (Malaysia time) to 4th April 2024, 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. Versa further reserves the right, without any liability on its part whatsoever, to cancel, postpone, terminate, suspend or in any other way cease the Campaign at any time without prior notice.

3.0 Campaign Reward

  1. The Campaign Prize are as follows:
TOTAL NUMBER OF WINNERSCAMPAIGN PRIZE
5 Total WinnersRM1,500.00 Versa Cash or Versa Cash-i bonus
  1. The Campaign Prize is open to all eligible User(s) that successfully fulfil the criteria stated in clause 4.0.
  2. The Campaign Prize will be disbursed to the winners’ preferred fund, Versa Cash or Versa Cash-i, as indicated in the prize acknowledgement form.
  3. The Campaign Prize is not transferable or redeemable or exchangeable for cash or credit of any kind. 
  4. Versa reserves its absolute right and discretion to vary or amend the Campaign Prizes at any time without prior notice and without assigning any reason whatsoever.

4.0 Campaign Mechanics

  1. To be eligible for the Campaign Prize and to automatically participate in this campaign, User(s) are required to complete one of the following actions:
    1. All new and existing Users with a total Cash In amount of RM3,000.00 in any PRS funds via Versa between 1 January 2024, 0000hr (Malaysian time) to 4 April 2024, 2359hr (Malaysian time) are automatically eligible for the Campaign Prize and automatically entered to participate in this Campaign. 
    2. All existing Users who have an active auto debit plan into any PRS funds via Versa prior to 27 March 2024, 0000hr (Malaysian time) are automatically eligible for the Campaign Prize and automatically entered to participate in this Campaign. 
  2. User(s) will only be entitled to win one (1) Campaign Prize throughout the Campaign Period.
  3. Sample scenarios as below:
NO.SCENARIOSELIGIBILITY 
1.On 4 April 2024, user has successfully completed a total Cash In amount of RM3,000.00 into any PRS fund via Versa. Automatically eligible for Campaign Prize. 
2.On 3 April 2024, user has successfully completed a total Cash In amount of RM3,000.00 into any PRS fund via Versa. Automatically eligible for Campaign Prize. 
3.On 4 April 2024, user has successfully completed a total Cash In amount of RM2,000.00 into any PRS fund via Versa. Not eligible for Campaign Prize. 
4.On 5 April 2024, user has successfully completed a total Cash In amount of RM3,000.00 into any PRS fund via Versa. Not eligible for Campaign Prize. 
5.On 27 March 2024, user already has an active auto debit plan of RM100.00 set up into a PRS fund via Versa.  Automatically eligible for Campaign Prize. 
6.On 27 March 2024, user already has 2 active auto debit plans of RM100.00 each set up into 2 PRS funds via Versa.  Automatically eligible for Campaign Prize. 
7.On 27 March 2024, user does not have an auto debit plan set up for any PRS fund via Versa. 
User transacts a total of RM3,000.00 into any PRS fund via Versa by 4 April 2024. 		Eligible for Campaign Prize. 
  1. All User(s) that successfully meet the conditions of the Campaign shall be automatically added as a participant in this Campaign and be eligible to win the Campaign Prize. From the pool of eligible Users, shortlisted User(s) will be randomly selected.
  2. Versa will make a maximum of 2 attempts to contact the shortlisted User(s) for verification and acknowledgement: once via app inbox, and once via email. In the event that Versa is unable to contact the User(s) after 2 attempts for any reason whatsoever, Versa reserves the right to select the next winner where the same process of selecting the winner will be repeated until a winner is identified.
  3. Shortlisted User(s) must complete Versa’s prize acknowledgement form before the stated deadline in said acknowledgement form before they are confirmed as winners. In the event that the shortlisted User(s) does not submit the acknowledgement form within the stated deadline, Versa reserves the right to select the next winner where the same process of selecting the winner will be repeated until a winner is identified.
  4. The Campaign Prize will be sent to the winners’ preferred fund, Versa Cash or Versa Cash-i, as indicated respectively in the prize acknowledgement form. Winners can expect to receive the Campaign Prize within 60 days after the end of the Campaign. In the event of a delay, Versa will contact winners via email, app inbox message, phone call or any other means deemed suitable by Versa.
  5. Versa’s decision on all matters related to this Campaign shall be final, binding and conclusive, 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, compensation 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, binding and conclusive. Any subsequent correspondences, protest, appeals or enquiries will not 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.
  8. Any queries regarding the Campaign can be directed via email to Versa’s Support team: [email protected]

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/

7.0 Governing Law

  1. These terms and conditions shall be governed by and construed in accordance with the laws of Malaysia, and any disputes arising under or in connection with these terms and conditions shall be subject to the exclusive jurisdiction of the courts of Malaysia.