Refer Your Friends and Unlock Exclusive Rewards

This ZebPay Customer Referral Program (the “Program”) has been brought by Awlencan Innovations India Limited (“ZebPay”). This Program shall be applicable from 2nd December, 2024.

INTRODUCTION:

At ZebPay, we value our customers and appreciate their efforts in helping our platform grow by referring new users. To express our gratitude, ZebPay has designed this Program that rewards both the Referrer (as defined below) and a Referee (as defined below) when the Referee signs up using Referrer’s unique Referral Code (as defined below). Each a “Referrer” and a “Referee” shall collectively be referred as the “Participants”).

Participation in this Program establishes a legally binding agreement between ZebPay and the Participants. By participating in the Program, the  Participants are also bound by the Terms of Use, Privacy Policy, AML Policy, Futures Trading Policy and the Risk Disclosures and all other terms listed on the ZebPay Platform as applicable to each Participant (hereinafter collectively referred to as “ZebPay Policies”). Should a Participant choose to participate, they must ensure that they understand these Terms and Conditions and agree to be bound by the same. Words capitalised and not defined hereunder shall have the meaning ascribed to them under the ZebPay Policies referred to above. 

If a Participant disagrees with these Terms and Conditions, they should not use or share the Referral code. Once the Referral code is used or shared, it is deemed that the Participants have accepted the Terms and Conditions in full.

A. INTERPRETATION

The following definitions and rules of interpretation apply to these Terms and Conditions:

• 1. Referrer. means an existing User on the ZebPay Platform, who refers his/her friends, family members, colleagues, and/or any other potential customers who are not yet registered with ZebPay, by sharing the unique Referral Code assigned to them;
• 2. Referee. means such friends, family members, colleagues, and/or any other potential customers as referred by a Referrer, who complete the steps as mentioned in Clause B (1) (b) and become eligible for this Program;
• 3. Referral Code. means and includes (i) a unique referral link assigned by ZebPay to each Referrer, which directs the Referee to the sign-up page, or (ii) a unique code that may be manually entered by the Referee during sign-up. The Referrer can share this link/code with the Referee via email, chats, SMS or social media or any other method/medium authorised by ZebPay.
• 4. Qualified Referral. A Qualified Referral occurs when a Referee completes the steps as listed in Clause B 1 (b).
• 5. Referral Start Date for Referrer. In context of each Referrer shall mean the date (i) the launch of this Program; or (ii) on which a Referrer completes his/her KYC and bank account verification as required under ZebPay Policies, whichever is later.
• 6. Referral Start Date for Referee. In context of each Referee shall mean the date on which a Referee completes his/her KYC and bank account verification as required under ZebPay Policies.
• 7. Referral Year. Shall mean a consecutive period of 12 months each, starting from the Referral Start Date for Referee. 
• 8. Reward Year. Shall mean the financial year, i.e., a consecutive period from 1st April of the current year to 31st March of the following year, applicable for the Referrer. For the first year, the reward period will begin from the Referral Start Date for Referrer and continue until the next 31st March, post which the financial year cycle will continue to apply.
• 9. Referrer Rewards. Means such rewards earned by a Referrer as described in Section 7 (a) below.
• 10. Referee Reward(s). Means such rewards earned by a Referee as described in Section 7 (b) below.
• 11. Rewards. Each ‘Referrer Rewards’ and ‘Referee Reward(s)’ shall be collectively referred to as the “Rewards”

B. REFERRAL PROGRAM RULES:

• 1. Eligibility:
  • a) For a Referrer to be eligible to participate in the Program, the Referrer is required to satisfy all the following criteria:
    • i. the Referrer is a registered user of ZebPay Platform;
    • ii. the Referrer has completed KYC and bank account verification as required under ZebPay Policies;
    • iii. the Referrer maintains an active ZebPay account;
  • b) For a Referee to be eligible to participate in the Program, they are required to satisfy all the following criteria:
  • i. must be 18 years and above;
  • ii. complete sign up on the ZebPay Platform by creating a Client Access Account, using the Referral Code provided by the Referrer, either by clicking referral link  or manually entering the referral code during sign-up;
  • iii. complete KYC and bank account verification as required under ZebPay Policies.
• 2. Additionally, to be eligible for participation in the Program, both the Participants must be residents of India. This means that the eligibility for earning Rewards (as defined below) is subject to both the Participants having their Registered Bank Accounts and their addresses (as verified by the KYC process) in India.
• 3. Notwithstanding the foregoing, the Participants shall not receive any Reward under the Program unless and until their respective eligibilities and compliances with these Terms and Conditions have been fulfilled and verified by ZebPay

C. HOW THE PROGRAM WORKS:

1. 1. Period. This Program shall remain in effect until terminated or modified by ZebPay at any time at its sole discretion. The Participants are advised to review the updated Program Terms and Conditions from time to time.

1. 2. Receive a Referral Code: Each Referrer will automatically be assigned a unique Referral Code. This Referral Code is linked to the Referrer’s ZebPay account and can be shared with people who are not yet registered with ZebPay. The Referral Code can be accessed by the Referrer by signing in their Client Asset Account. 
3. 3. Share the Referral Code: The Referrer may share their unique Referral Code with friends, family members, colleagues, and/or any other potential customers who have not yet registered on ZebPay. The Referral Code may be distributed through any legally appropriate channels, including email, messaging apps, and/or social media platforms. ZebPay reserves the right to disqualify any Referrer or Referee if the referral system is misused or if any violations of the ZebPay Policies occur.
5. 4. Referee Signs Up: The Referee must use the Referral Code during the sign up process on the ZebPay Platform. If a Referee fails to use the Referral Code correctly i.e. either fails to use the referral link for signing up on the ZebPay Platform or fails to enter the referral code at the place as designated by the ZebPay during the sign up / KYC process ZebPay Platform, the Referee will not be able to use the Referral Code retrospectively and thus shall become ineligible to participate in the Program. The Referee must be a new user of ZebPay and must not have previously held an account with the ZebPay Platform.

1. 5. Trades: This Program will be applicable for trades on QuickTrade and Exchange.
3. 6. Exception: Notwithstanding anything to the contrary contained in these Terms and Conditions, a Participant will not be eligible to either share the Referral Code or receive Rewards in the cases where at any stage during the Program a Participant’s: (i) KYC becomes incomplete, or (ii) KYC is rejected, or (iii) Registered Bank Account details are not added and/or verified, or (iv) Registered Bank Account is removed, or (v) mobile number becomes un-verified, or (vi) email becomes un-verified, (vii) Client Asset Account gets blacklisted.
5. 7. Rewards for both Referrer and Referee:
   1. a) Referrer Rewards:
   1. i. Post the Referral Start Date for Referrer and upon the successful occurrence of a Qualified Referral, the Referrer is entitled to receive rewards. 
   2. ii. The Referrer Rewards shall be a percentage of the trading fees charged to the Referee for the first three (3) trades performed by the Referee on QuickTrade and/or Exchange in a Referral Year. Please refer to Clause 7 (a) (vi) for the said percentage.
   3. iii. The percentage of the Referrer Reward shall vary depending on the value traded by the Referee.
   4. iv. The Referrer Rewards shall be upto a maximum of INR 14,500, per Reward Year (“Annual Reward Cap”). Once the Referrer has reached the maximum reward threshold of the Annual Reward Cap, the Referrer will no longer be entitled to any further Referrer Rewards for that Reward Year.
   5. v. This Annual Reward Cap is applicable on a per Reward Year basis and will reset at the commencement of each new Reward Year.
   6. vi.. The Reward slabs for trading fees are as follows:
      1. – 5% for trades with trading fees up to INR 1,000
      2. – 15% for trading fees  between INR 1,000  and INR 10,000
      3. – 25% for trading fees between INR 10,000 and INR 50,000
      4. – 50% for trading fees above INR 50,000
   7. For example, if the Referee’s first trade generates a trading fee of INR 600 (Rupees Six Hundred only), the Referrer will receive a Referrer Reward of 5% of INR 600 (Rupees Six Hundred only), which equals INR 30 (Rupees Thirty only). Similarly, if the Referee’s second trade generates trading fees of INR 3,000 (Rupees Three Thousand only), the Referee will earn 15% of INR 3,000 (Rupees Three Thousand only), which equals INR 450 (Rupees Four Hundred Fifty only).
   8. vii.Tracking: Referrers can view and track their Rewards in their Client Asset Account, which includes:
      1. – Total Referrals – The total number of Referees the Referrer has referred. 
      2. – Current Earnings – The total Referrer Rewards accumulated in a Reward Year
      3. – Lifetime Earnings – The total Referrer Rewards earned starting from the Referral Start Date for Referrer.
   9. viii. Reward cycle: Referrer Rewards are accumulated daily from 10:00 PM IST to 10:00 PM IST the following day. Once this period concludes, the  accumulated Referrer Rewards are converted to INR between 10:00 PM and 11:00 PM, and credited to the Referrer’s Client Asset Account by 11:00 PM IST on the same day.
   10. ix. Reward redemption: Subject to Clause C (6) above, the Referrer Rewards will be credited to the Referrer’s Client Asset Account and can only be used by the Referrer for trading on ZebPay Platform and cannot be withdrawn or transferred. Any applicable conversion fee, shall be deducted before the final Referrer Rewards are credited.
7. 8. Promotional event​s: Participants acknowledge that the Program is only an event for promoting trading on the ZebPay Platform, including the ZebPay App, and participating in the Program is completely voluntary. The Program is only a promotional event. Participating in the Program does not confer any rights or privileges, whether contractual or otherwise, on the Participants. ZebPay at its sole discretion reserves the full right to withdraw and/or alter any of these Terms and Conditions at any time, with or without prior notice.
8. 9. Disqualification: Notwithstanding anything to the contrary contained herein, ZebPay reserves the right to disqualify or disallow Participants from the Program if ZebPay, at its sole discretion, is of the opinion that Participants have, either alone or in collusion with one or more Participants, resorted to any illegal or unethical means to unfairly benefit from the Program in any manner whatsoever. ZebPay’s decision in this regard shall be final and binding, and the Participants expressly understand and agree with ZebPay’s rights as specified above.
9. 10. Conduct. Participants must comply with all applicable laws. Any distribution of the Referral Code that could constitute unsolicited commercial email or “spam” under any applicable law or regulation is expressly prohibited and will be grounds for immediate termination of the Referral Code and the Participant’s exclusion from this Program. ZebPay reserves the right, at its sole discretion, to prohibit the Participants from participating in any aspect of the  Program if ZebPay deems or suspects that the Participants have engaged in or have attempted to engage in any of the following: a) acting in violation of these  Terms and Conditions; b) damaging, tampering with or corrupting the operation of the  Program or ZebPay Policies; c) acting with intent to annoy, harass, or abuse any other person; d) any inappropriate, uncooperative, disruptive, fraudulent, potentially fraudulent, or unusual behaviour or activity; or e) activity deemed in the sole discretion of ZebPay to be generally inconsistent with the intended operation of the  Program. ZebPay shall be the sole determiner in cases of suspected abuse, fraud, or breach of these Terms and Conditions or intent thereof.
10. 11. Binding Effects. By participating in the Program, the Participants agree to and are bound by the Terms and Conditions. If the Participants do not wish to agree to and abide by the Terms and Conditions in their entirety, the Participants are not authorized to participate in the Program.
11. 12. Termination. ZebPay at its sole discretion may terminate, suspend or discontinue the Program at any time without providing any notice. ZebPay may, in its sole and absolute discretion, cancel, change, suspend, or modify any aspect of the Program or Terms and Conditions at any time, without notice. ZebPay may, in its sole and absolute discretion, terminate or suspend a Participant’s participation in the Program for breach of these Terms and Conditions or taking any actions that are inconsistent with the intent of these Terms and Conditions. We may terminate a Participant’s eligibility if they take the following action:
    1. i. Refer customers using spam, sponsored links, unsolicited e-mails, or links;
    2. ii. Use false names, impersonate other people, or otherwise provide false or misleading information to us;
    3. iii. Offer incentives to others who register new ZebPay accounts;
    4. iv. Violate these Terms and Conditions or any of the ZebPay Policies; or
    5. v. Participate in the Program where doing so would be prohibited by any applicable law or regulation.
12. 13. Release. By participating in the Program, the Participants release ZebPay and its group companies, subsidiaries, affiliates, advertising, and promotions agencies and their respective directors, officers, employees, and agents from any and all liability for any loss, harm, damages, cost, or expense arising out of or in any way connected to the Program and/or the use of Rewards.
13. 14. Indemnification. Participants agree to indemnify, defend, and hold ZebPay, and its representatives and agents harmless from and against any and all direct or indirect third party claims, demands, liabilities, costs, or expenses, including attorney’s fees and costs, arising from, or related to any breach by the Participants of these Terms and Conditions or any violation of applicable law or claims arising from the Participants availing this Program.
14. 15. Disclaimer:
    1. a. ZebPay disclaims any liability for damage to any computer system resulting from participating in, or accessing or downloading information in connection with the  Program, and reserve the right, in ZebPay’s sole discretion, to cancel, modify, or suspend the Program should a virus, bug, computer problem, unauthorized intervention, or other causes beyond ZebPay’s control, corrupt the administration, security, or proper play of the Program.
    2. b. Trading in cryptographic/virtual digital assets is subject to market, technical and legal risks. Prices of cryptographic/virtual digital assets on the ZebPay Platform may differ from other exchanges due to local demand and supply. Please note that ZebPay does not regulate the prices of cryptographic/virtual digital assets. ZebPay doesn’t guarantee any returns or profits by trading in cryptographic /virtual digital assets. The Participants shall use ZebPay’s services to participate in the Program or to trade in the crypto/cryptographic//virtual digital assets at their own risk and discretion.
    3. c. Notwithstanding anything to the contrary contained herein, ZebPay reserves the right to amend these Terms and Conditions at any point of time without serving any notice whatsoever to anyone.
    4. d. To the extent not prohibited by applicable law, ZebPay shall have no liability whatsoever in respect of the Program to the Participants and/or to any third party, whether for breach or in tort. Notwithstanding the foregoing, ZebPay shall not be liable to the Participants and/or any third parties for any indirect, punitive, special, incidental or consequential damage in connection with or arising out of the Program, however it arises, whether for breach or in tort, even if the Participants and/or third party has been previously advised of the possibility of such damages.
16. 16. Force Majeure. ZebPay shall not be liable to the Participants for failure to supply any Reward or any part thereof, by reason of any acts of God, any action(s), regulation(s), order(s), or request(s) by any governmental or quasi-governmental entity (whether or not the action(s), regulation(s), order(s), or request(s) prove(s) to be invalid), equipment failure, threatened terrorist attacks, terrorist acts, air raid, blackout, earthquake, tornado, war, unusually severe weather, explosion, labor or material shortage, transportation interruption of any kind, work slow-down, civil disturbance, or any other similar or dissimilar cause beyond any of ZebPay’s control. ZebPay can with-hold all Rewards or cancel an already given reward or cancel a to-be-given reward at any time without reason, without informing the Participants and without being liable.
17. 17. Reserved Right. ZebPay reserves the right to cancel or suspend the Program should it determine, in its sole discretion, that the administration, security, or fairness of the Program has been compromised in any way. Disclaimer of Warranties: THE PARTICIPANTS EXPRESSLY UNDERSTAND AND AGREE THAT: (A) THEIR PARTICIPATION IN THE PROGRAM IS AT THEIR SOLE RISK, THE PROGRAM IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS AND ZEBPAY EXPRESSLY DISCLAIMS ALL WARRANTIES, CONDITIONS AND TERMS (COLLECTIVELY, “PROMISES”) OF ANY KIND, WHETHER EXPRESS OR IMPLIED BY STATUTE, COMMON LAW OR CUSTOM, INCLUDING, BUT NOT LIMITED TO, PROMISES AS TO SERVICES OFFERED THROUGH THE USE OF THE PROGRAM, IMPLIED PROMISES OF MERCHANTABILITY, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT; (B) ZEBPAY MAKES AND GIVES NO PROMISE THAT (i) THE PROGRAM WILL MEET THE PARTICIPANT’S REQUIREMENTS, (ii) BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, (iii) THE RESULTS OBTAINED FROM THE USE OF THE PROGRAM WILL BE ACCURATE OR RELIABLE, (iv) THE QUALITY OF ANY SERVICES, INFORMATION, OR OTHER PRODUCT OBTAINED BY THE PARTICIPANTS THROUGH THE PROGRAM WILL MEET THEIR EXPECTATIONS, AND (v) ANY ERRORS IN THE SERVICE WILL BE CORRECTED; AND (C) ANY MATERIAL DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE PROGRAM IS ACCESSED AT THEIR OWN DISCRETION AND RISK, AND THE PARTICIPANTS WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO THEIR COMPUTER SYSTEM OR MOBILE DEVICE OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OR USE OF ANY SUCH MATERIAL.
18. 18. Dispute​: In the event of any dispute regarding these Terms and Conditions, rules, conduct, results and all other matters relating to the Program, the decision of ZebPay shall be final and binding.
19. 19. General Terms. These Terms and Conditions along with the ZebPay Policies constitute the entire agreement between ZebPay and the Participants concerning the use of the Program. The failure of ZebPay to exercise or enforce any right or provision of these Terms and Conditions shall not constitute a waiver of such right or provision. If any provision of these Terms and Conditions is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that: (i) the said provision shall be interpreted in a manner to give effect to the parties’ intentions as reflected in the provision, and (ii) all the other provisions of these Terms and Conditions remain in full force and effect. The section headings in these Terms and Conditions are for convenience only and have no legal or contractual effect. A person who is not a party to these Terms and Conditions shall have no right to enforce or receive the benefit of any of these Terms and Conditions.