‘Answer & Earn Quest’, ‘Learn & Earn Quest’ and ‘Sign Up & Earn Quest’ (“Campaign”)
‘Answer & Earn Quest’, ‘Learn & Earn Quest’ and ‘Sign Up & Earn Quest’ (collectively referred as “Campaign”) is organised by Versa Asia Sdn Bhd (“Versa”) subject to the terms and conditions herein (“Terms and Conditions”). The Terms and Conditions is to be read together with the ‘Answer & Earn’, ‘Learn & Earn’ and ‘Sign Up & Earn’ Quest Details (“Quest Details”) as stated on Versa’s App and Versa’s Promotions page at https://versa.com.my/versapromotions/.
In the event of inconsistency between the Terms and Conditions and the Quest Details, the Terms and Conditions shall prevail to the extent of inconsistency, unless otherwise prescribed that the Quest Details takes precedence over the provisions of this Terms and Conditions.
By participating in this Campaign, users hereby expressly agree to be bound by the Terms and Conditions and Quest Details as set out therein.
NB: The Campaign Reward (as defined below) is stackable (i.e. it is implemented conjunctively with other campaigns and rewards offered by Versa and can be won together independently without affecting each other campaign) with the other ongoing campaigns. For further information on the other ongoing campaigns, please visit Versa’s Promotions page [https://versa.com.my/stack-and-earn-more-more-than-6-pa-nett-returns-with-versa-quests/].
1.0 Eligibility:
1.1 This Campaign is open to all new or existing Versa application (“Apps”) users holding a Malaysian citizenship and aged eighteen (18) and above as at the commencement date of the Campaign Period (as defined below) (“Users” or individually “User”), subject to the Terms and Conditions herein.
1.2 To participate in this Campaign, Users must own a duly verified and approved Versa account, maintaining the prescribed minimum balance as stated in Quest Details in their respective Versa Cash or Versa Cash-i account, to be maintained throughout the Campaign Period (as defined below).
1.3 In the event that a User is found or suspected to have committed any fraudulent, unlawful, prejudicial and/or wrongful acts in relation to this Campaign or to the financial product(s) by Versa, or has breached any of the Terms and Conditions herein, or is subject to any bankruptcy proceedings, or has been declared bankrupt, at any point of time prior, during or after the Campaign Period (as defined below), Versa has the right at its sole and absolute discretion to disqualify the said User and/or to decline to credit the Campaign Reward or where the Campaign Reward has already been credited, to immediately cancel, withdraw and/or recall the rewards credited to the User pursuant to this Campaign. Users hereby agree and undertake to fully indemnify Versa for the value and costs of such units & incentives, damages and/or losses (if any) arising therefrom. Versa shall have the further right to initiate any action it deems necessary against the defaulting Users mentioned herein.
1.4 Versa further reserves its right to determine the relevant user group eligible to enroll in the respective Campaign(s). Users may be grouped based on but not limited to the following criteria:
- Demographic and geographical location;
- Financial habits and transaction history on Apps;
- Behaviours patterns, such as user engagement on Apps.
In such a scenario, Versa approaches such classification responsibly in accordance with the applicable laws and aligns it with its business objective as well as the goals of the Campaign(s).
2.0 Campaign Period and Details
2.1 The Campaign will commence on the Campaign Start Date at 00:01hr (Malaysian time) and will end at 23:59hr of the Campaign End Date (Malaysian time) as prescribed in the Quest Details (the time period as defined herein shall be called the “Campaign Period”).
2.2 Versa reserves its absolute right and discretion to vary or amend the Campaign Period at any time in accordance with Clause 5.4(d) below.
2.3 In the avoidance of doubt, this Terms and Conditions is not applicable for ‘Answer & Earn Quest’ and ‘Learn & Earn Quest’ which took place prior to 1 December 2024. For ‘Answer & Earn Quest’ and ‘Learn & Earn Quest’ conducted prior to 1 December 2024, users are required to refer to the applicable Terms and Conditions for such campaigns respectively, which can be found on Apps and Versa’s website.
3.0 Campaign Mechanics and Conditions
3.1 To be eligible for the Campaign Reward (as set out in Clause 4 below), user(s) must comply with the following (as the case may be):
3.1.1 For ‘Answer & Earn Quests (Main Quest)’:
a. User must own a verified and approved Versa account;
b. User must have the prescribed minimum balance stated in Quest Details in their respective Versa Cash or Versa Cash-i Fund which shall be reflected and maintained throughout the Campaign Period; and
c. User must within the Campaign Period successfully complete and submit the respective survey under ‘Answer & Earn Quest’ on Versa’s Apps in accordance with the instructions set out therein.
3.1.2 For ‘Learn & Earn Quests’ (Main Quest):
a. User must own a verified and approved Versa account;
b. User must have the prescribed minimum balance stated in Quest Details in their respective Versa Cash or Versa Cash-i Fund which shall be reflected and maintained throughout the Campaign Period; and
c. User must within the Campaign Period successfully complete the respective ‘Learn & Earn Quest’ on Versa’s Apps in accordance with the instructions set out therein.
3.1.3 For ‘Sign Up & Earn Quest’:
a. User must own a verified and approved Versa account with prescribed minimum balance as stated in Quest Details in their respective Versa Cash or Versa Cash-i Fund which shall be reflected and maintained throughout the Campaign Period;
b. User must have already participated in either, the applicable ‘Answer & Earn Quest’ or ‘Learn & Earn Quest’ (as the case may be) in accordance with the instructions set out therein; and
c. User must within the Campaign Period have agreed to have his/her correct and up-to-date personal details filled in accordance with the instructions in the prompt and consents to the Sign Up & Earn Privacy Notice including but not limited to, the process and transfer of such information to Versa’s Partner. Each ‘Sign Up & Earn Quest’ is attached to a Main Quest and is independent of other ‘Sign Up & Earn Quest’.
NB: Versa’s Partner refers to the business partner of Versa as specified in the prompt to which the Users personal details will be submitted.
4.0 Campaign Rewards
4.1 Subject to the Terms and Conditions herein, all eligible Users who successfully fulfilled the Campaign Mechanics and Conditions stated in Clause 3 above will enjoy the prescribed Campaign Reward in the Quest Details, applicable towards their Versa Cash or Versa Cash-i in addition to the prevailing base nett return, during the Campaign Period (collectively referred to as the “Campaign Reward”).
4.1.1 User who participates in ‘Answer & Earn Quest’ and/or ‘Learn & Earn Quest’ receives the prescribed Campaign Reward(s) for Main Quest as prescribed in Quest Details;
4.1.2 User who participate in the ‘Sign Up & Earn Quest’ receive an additional Campaign Reward for Sign Up & Earn as prescribed in Quest Details, on top of the Campaign Reward for Main Quest. In the avoidance of doubt, user will only be entitled to the additional Campaign Reward based on the respective ‘Sign Up & Earn Quest’ that it had participated;
4.1.3 User who solely participate in ‘Answer & Earn Quest’ and/or ‘Learn & Earn Quest’ and without the ‘Sign Up & Earn Quest’ will only be entitled to the Campaign Reward for Main Quest.
4.2 For the avoidance of doubt, subject to Clause 4.8 below, the Campaign Rewards will only be applicable to the User’s month-long balance upon successful fulfilment of the Campaign Mechanics and Conditions stated in Clause 3 above.
4.3 Each User is only entitled to participate once for each individual ‘Answer & Earn Quest’ and/or ‘Learn & Earn Quest’ and/or ‘Sign Up & Earn Quest’ during the Campaign Period. There is no limit for users to join multiple different ‘Answer & Earn Quest’ and/or ‘Learn & Earn Quest’ and/or ‘Sign Up & Earn Quest’, provided that the user fulfills the Campaign Mechanics and Conditions for the respective Quest.
4.4 Where a User has both Versa Cash and Versa Cash-i fund, the Campaign Reward will only be applicable to either the User’s Versa Cash fund or Versa Cash-i fund, whichever fund with the higher available balance as of the last day of the eligible month during the Campaign Period. Where both the User’s Versa Cash and Versa Cash-i have the exact same available balance, then Versa Cash will be the default fund to be rewarded.
4.5 The Campaign Reward is limited to the prescribed user limit stated in Quest Details who are eligible for the Campaign Reward in accordance with the Terms and Conditions herein on a first-come-first-serve basis. In the event the total Campaign Reward has been fully utilised, Versa reserves the right to end the Quests whereby users will thereafter only be eligible for the prevailing Versa Cash or Versa Cash-i promotional or base rate. Once the total Campaign Reward has been fully utilised, Versa’s relevant app pages will be updated to indicate as such accordingly.
4.6 The Campaign Reward will be credited to the Users’ respective Versa Cash or Versa Cash-i account (as the case may be) in the following month.
4.7 Table 1 below is a sample calculation of the Campaign Reward:
| Scenario | Prevailing Base Nett Return | Nett Return from the Campaign Reward | Total Nett Return |
| Example 1: ‘Learn & Earn Quest’ Article A | |||
| User completed the reading in accordance with Instructions and terms and conditions | 3.75% p.a. | 0.1% p.a. nett return | 3.75% p.a. + 0.1% p.a. = 3.85% p.a.(on User’s first RM10,000.00 balance in Versa Cash or Versa Cash-i (as the case may be)) |
| Example 2: ‘Answer & Earn Quest’ Survey B | |||
| Scenario | Prevailing Base Nett Return | Nett Return from the Campaign Reward | Total Nett Return |
| User completed and submitted the Survey in accordance with instructions and terms and conditions | 3.75% p.a. | 0.2% p.a. nett return | 3.75% p.a. + 0.2% p.a. = 3.95% p.a.(on User’s first RM10,000.00 balance in Versa) Cash or Versa Cash-i (as the case may be) |
| Example 3: ‘Learn & Earn Quest’ Article A + ‘Sign Up & Earn Quest’ A | |||
| User completed the reading in accordance with Instructions and terms and conditions and completed Sign Up & Earn Quest | 3.75% p.a. | 0.1% p.a. nett return (Main Quest) +1 % p.a. nett return (Sign Up & Earn) | 3.75% p.a. + 0.1% p.a. + 1% p.a. = 4.85% p.a.(on User’s first RM10,000.00 balance in Versa) Cash or Versa Cash-i (as the case may be) |
| Example 4: ‘Answer & Earn Quest’ Survey B + ‘Sign Up & Earn Quest’ B | |||
| User completed and submitted the Survey in accordance with instructions and terms and conditions and completed Sign Up & Earn Quest | 3.75% p.a. | 0.2% p.a. nett return (Main Quest) + 1 % p.a. nett return (Sign Up & Earn) | 3.75% p.a. + 0.2% p.a. + 1% p.a. = 4.95% p.a.(on User’s first RM10,000.00 balance in Versa) Cash or Versa Cash-i (as the case may be) |
“Table 1”
If you are unable to view Table 1, click here [https://versa.com.my/table-1-and-sample-scenarios-from-answer-earn-quest-learn-earn-quest-and-sign-up-earn-quest-campaign/].
4.8 Users who make a cash-out from their Versa Cash or Versa Cash-i during the Campaign Period that results in the account balance therein falling below the requisite minimum balance as stated in Quest Details, will be automatically disqualified for the Campaign Reward. Such Users will only enjoy the Campaign Reward up to the date of the withdrawal request.
4.9 For the avoidance of doubt, the Campaign Reward is not exchangeable with any other forms of credit or benefit-in-kind and is strictly and exclusively rewarded to Users and cannot be redeemed by, assigned or transferred to any third party. Versa’s calculation of the Campaign Reward shall be final, conclusive, and binding on all Users.
4.10 Sample scenarios are illustrated below:
| Parameters of Sample Scenarios: Learn & Earn Quest Article AA Sample prevailing base nett rate: 3.75% Sample Main Quest Campaign Reward: 0.1% Sample Sign Up & Earn Campaign Reward: 1% Sample Campaign Period: 11 November 2024 to 30 November 2024 Sample Prescribed Minimum Balance: RM1,000.00 Sample Maximum Applicable Value: RM10,000 Answer & Earn Quest Survey BB Sample prevailing base nett rate: 3.75% Sample Main Quest Campaign Reward: 0.2% Sample Sign Up & Earn Campaign Reward: 1% Sample Campaign Period: 11 November 2024 to 30 November 2024 Sample Prescribed Minimum Balance: RM1,000.00 Sample Maximum Applicable Value: RM10,000 | ||
| No | Sample Scenarios | Eligibility |
| 1 | Ali successfully completed the Article Quest AA on Versa’s Apps during the Campaign Period. Ali has both Versa Cash and Versa Cash-i fund. However, he has a higher balance in his Versa Cash fund than his Versa Cash-i fund on the last day of the month. Since his participation in this Article Quest AA, he has maintained RM40,000.00 in his Versa Cash balance. | Ali is eligible for the Campaign Reward based on the daily balance of his Versa Cash fund (and not Versa Cash-i) as follows: i. For the first RM10,000.00 balance, Ali will get 3.75%* + 0.1% = 3.85% p.a. nett return; and ii. For the subsequent balance, Ali will get 3.75%* p.a. nett. Ali will receive his Campaign Reward in the following month. |
| 2 | Boon has a balance of RM600.00 in his Versa Cash-i at the commencement of the Campaign Period. In order to participate in this Campaign, he cashed in another RM400.00 on 25.11.2024 and the total amount of RM1,000.00 is reflected on his apps on 27.11.2024.* On 28.11.2024, he participated and completed the Article Quest AA in accordance with the instructions. *NB: All cash-in will require a processing time of at least 2 business days. The prescribed minimum amount must be reflected on Versa’s Apps before a User is eligible to participate: see Clause 3 above. | Boon is eligible for the Campaign Reward (i.e. 3.75%* + 0.1% = 3.85% p.a. nett) starting from 28.11.2024 onwards until the end of the Campaign Period. For the period between 1.11.2024 and 27.11.2024, he will only receive the prevailing base nett return of 3.75%* p.a. nett. *NB: 3.75% p.a. is only a sample prevailing base nett return rate. |
| 3 | Charmaine successfully completed the Article Quest AA in accordance with the instructions during the Campaign Period. She however has only RM500.00 balance in her Versa Cash fund. | Charmaine is not eligible for the Campaign Reward as she has not fulfilled the condition relating to the requisite minimum balance in her Versa Cash. |
| 4 | Amelia successfully completed reading the Article Quest AA and participated in the Quest Survey Quest BB on 25 November 2024.* Amelia has a higher balance in her Versa Cash-i than her Versa Cash on the last day of the month. *NB: Users are not limited to participating in one Versa Quest. | Amelia is eligible for the Campaign Reward based on the daily balance of his Versa Cash-i fund (and not Versa Cash) as follows: 25 November – 30 November 2024– For the first RM10,000.00 balance, Amelia will get 3.75%* + 0.1% (Article Quest AA) + 0.2% (Survey Quest BB) = 4.05% p.a. nett return. Amelia will receive her Campaign Reward in the following month. * |
| 5 | Ravi successfully participated in Survey Quest BB in accordance with the relevant terms and conditions, and thereafter participated in ‘Sign Up & Earn Quest’ by Versa’s Partner during the Campaign Period. He has maintained RM30,000.00 in his Versa Cash fund. | Ravi is eligible for the Campaign Reward under this Campaign: i. For the first RM10,000.00 balance, Ravi will get 3.75%* + 0.2% + 1% = 4.95% p.a. nett; and ii. For the subsequent balance, Ravi will get 3.75% p.a. nett. Ravi will receive both Campaign Rewards in the following month. |
| 6 | Crystal successfully completed Survey Quest BB in accordance with the instructions during the Campaign Period. Crystal has maintained the sum of RM5,000 in her Versa Cash fund. However, Crystal did not participate in the Sign Up & Earn Quest. | Crystal is eligible for the Campaign Reward (i.e. 3.75%* + 0.2% = 3.95% p.a. nett) for Survey Quest BB based on the daily balance of her Versa Cash fund. Crystal is not eligible for the additional Campaign Reward under Sign Up & Earn Quest. |
| 7 | Robert is interested to provide his personal details for the ‘Sign Up & Earn Quest’ during the Campaign Period. He however has not participated in Article Quest AA or Survey Quest BB. | Robert is not eligible for the Campaign Reward as he has not fulfilled the condition relating to the prior participation in Main Quest. He is also required to participate in any Main Quest before providing his personal details for the ‘Sign Up & Earn Quest’. |
If you are unable to view the sample scenarios, click here [https://versa.com.my/table-1-and-sample-scenarios-from-answer-earn-quest-learn-earn-quest-and-sign-up-earn-quest-campaign/].
5.0 Miscellaneous
5.1 All cash-in made by Users via any third-party account will not be eligible for this Campaign and Campaign Reward(s) given (if any) will be forfeited and/or refunded. A third-party account includes any corporate bank accounts, joint accounts and other accounts that are not in the sole name of the Users himself/herself.
5.2 The Users’ account must be active when Versa credits the Campaign Reward. Versa reserves the right to decline to credit the Campaign Reward and/or to cancel, void and/or forfeit the Campaign Reward notwithstanding the same has been credited, in the event the User’s Versa account(s) becomes dormant or inactive.
5.3 Without limiting the generality of any provisions of the Terms and Conditions herein, by participating in this Campaign, Users expressly agree:
a) that Users have read, understood, fully and unconditionally agree and accept all the Terms and Conditions herein;
b) that the decisions of Versa on all matters relating to or in connection with this Campaign (including but not limited to any dispute arising therefrom) are final, conclusive and binding on the Users. No queries, appeals, disputes, or correspondences will be entertained by Versa;
c) agree to access Versa’s official website at https://versa.com.my/ on a regular basis to view and kept up-to-date on latest Quest Details together with the Terms and Conditions of this Campaign. Users shall seek clarifications from Versa should any of the Terms and Conditions be not fully understood;
d) that Users are liable and shall personally bear all applicable taxes, rates, governments fees or any other changes that may be levied against the Users under the applicable laws, if any, in relation to their participation in this Campaign;
e) that Versa shall not be held responsible or liable for loss of profit, loss of revenue, loss of opportunity, consequential losses, and expenses of whatsoever nature suffered or incurred by the Users and/or any other third party resulting from, or arising out of, or in connection with this Campaign or the Campaign Reward awarded under this Campaign, whether directly or indirectly; and
f) that Users shall hold harmless, defend and fully indemnify Versa from and against all losses, damages, liabilities, expenses (including reasonable legal costs and expenses), and all third-party actions, proceedings, claims, demands, costs, awards and damages, resulting from or arising out of or in connection with the Users’ own acts or omissions in relation to this Campaign, whether directly or indirectly.
5.4 Versa further reserves the right:
a) to make further verifications of Users and request for further personal identification details and/or documents of Users;
b) without prejudice to other rights and remedies of Versa, to disqualify or withdraw the Users’ eligibility for the Campaign Reward at any time, including after the Campaign Reward has been awarded to the Users, should there be any non-compliance by the Users’ with the Terms and Conditions herein and/or should the Users be found or suspected to have otherwise attempted to gain any unfair advantage(s) against Versa;
c) to amend, vary, modify, add and/or delete any of the Terms and Conditions herein (including but not limited to the Campaign Period and Campaign Reward) from time to time, in its sole and absolute discretion, as shall be notified by Versa on its official website at https://versa.com.my/, which shall be taken as good notice. The latest Terms and Conditions can be found on Versa’s official website as aforementioned. Users’ continued participation in this Campaign following any such amendment, variation, modification, addition and/or deletion shall constitute unconditional acknowledgement, understanding, agreement, and unqualified acceptance of the same in respect of the latest Terms and Conditions.
d) to cancel, shorten, extend, suspend or terminate this Campaign, in whole or in part, at any time, as shall be notified by Versa on its official website at https://versa.com.my/. For the avoidance of doubt, any cancellation, shortening, suspension or termination of the Campaign shall not entitle the Users or any other persons to any claim or compensation whatsoever against Versa for any losses or damages (including but not limited to any losses of accrued Campaign Reward) howsoever suffered or incurred as a direct or indirect result of such act of cancellation, shortening, suspension or termination, whether or not Versa has been advised of the possibility of such losses or damages; and
e) to not publicly disclose any calculations or formula regarding the Campaign Reward.
5.5 To the fullest extent permitted in laws, Versa hereby expressly disclaims and excludes any and all representations, warranties or endorsements, whether express or implied, oral or written, including but not limited to those contained or published in any brochures, posters or other promotional or marketing materials, media press and social media.
5.6 Versa shall not be responsible or held liable in respect of any technical glitches or failures of any kind whatsoever, intervention, interruption and/or electronic or human errors in (a) the administration and/or processing the relevant transactions; (b) the implementation of this Campaign; and/or (c) the determination of the Users’ eligibility for the Campaign Reward.
5.7 Versa shall not be responsible or held liable for any default of its obligations in relation to this Campaign due to any force majeure events which include but not limited to acts of God, insurrection or civil disorders, acts of war, strikes, riots, lockdowns, pandemic, epidemic, movement control order, fire, flood, storm, drought, change of law and/or regulation, cyber-attack, digital hack, intervention or security breach by unauthorised parties, technical failures of any kind, and other events and/or circumstances of whatsoever nature beyond the reasonable control of Versa.
5.8 The Terms and Conditions herein shall be governed by and construed in accordance with the laws of Malaysia, and shall prevail over anything contained or published in but not limited to any brochures, posters or other promotional or marketing materials, media press and social media.
5.9 In the event of ambiguity (if any) of any of the clauses herein, Versa’s version and/or interpretation shall be adopted for the purpose of implementation of the Terms and Conditions herein and as to any other ancillary matters relating to this Campaign.
6.0 Personal Data
6.1 By participating in this Campaign, Users warrant that all respective information, details and statements are true, correct, accurate and complete at all material times.
6.2 By participating in this Campaign, Users are deemed to have freely and voluntarily agreed and have consented to the collection, processing, use, disclosure and retention by Versa of their respective personal data in the manner as set out in the Privacy Notice at https://versa.com.my/privacy-notice/.
6.3 On top of the above:
6.3.1 User(s) participating in ‘Answer & Earn Quest’ also agree to provide their consent for the collection, processing, use, disclosure and retention of data in accordance with the Survey Privacy Notice.
6.3.2 User(s) participating in ‘Sign Up & Earn Quest’ also agree to provide their consent for the collection, processing, use, disclosure and retention of data in accordance with the Privacy Notice of Sign Up & Earn Quest.