Terms and Conditions for “Kyo Phyae” Lucky Draw Campaign

Feb 28, 2025

  1. “Kyo Phyae” Lucky Draw Campaign will be held from 1st  March 2025 to 31st March 2025.
  2. KBZ Level 2 Users  who are eligible for “Kyo Phyae” to top up via KBZPay will be able to participate in the Campaign.
  3. KBZ Level 2 Users who are eligible for Kyo Phyae and have obtained two thousand (2,000) MMK and above “Kyo Phyae” to top up via KBZPay will automatically be eligible to participate in the Campaign and will get one chance.
  4. The following Cashback prizes will be included in the Campaign:
  • Three Thousand (3,000) MMK     – (240) prizes
  • Five Thousand (5,000) MMK   – (120) prizes
  • Ten Thousand (10,000) MMK   – (60) prizes
  • One Hundred Thousand (100,000) MMK   – (1) prize (Grand Prize)
  1. The winners will be announced after the end of the Campaign. The Winners must acknowledge and agree that KBZ may use the winner’s name and mobile phone number (not the full phone number) to announce via KBZ’s official website ‌and KBZ’s official Social Media Channels (with blue marks). Winner Announcement date and credited timeline may be varied in the event outside the control of KBZ or gazetted holidays.
  2. During this Campaign period, there is no limit to the number of lucky draws per KBZPay account. However, each KBZPay account is eligible to receive only one cashback prize.
  3. The Cashback will be credited directly to the winner’s KBZPay wallet within (7) business days after the prize is announced. The Cashback credited timeline may be varied in the event outside the control of KBZ  although it is specified that the Cashback credited timeline is within 7 business days after the announcement.
  4. KBZ Bank Employees will never ask the participants in the Campaign to ask for personal information, OTP, PIN, or KBZPay Account information.
  5. Winners are not allowed to exchange, transfer, or exchange their prize as cash. 
  6. By participating in the Campaign, participants agree to abide by these Terms & Conditions.
  7. During this Campaign period, KBZPay Users  will be entitled to enjoy the benefits stated in these terms and conditions, which will expire at the end of this Campaign period. 
  8. KBZ Bank Employees are strictly forbidden to cheat in any other form or manner during this Campaign. KBZPay has the right to cancel and/or ban any Employees who are suspected to be cheating in any form and/or manner.
  9. Users can participate in this Campaign via KBZPay app banners, notifications, and KBZPay Official Account articles.
  10. In the event of any dispute arising between Users and KBZPay regarding this Campaign, such dispute will be examined carefully and finally resolved by the authorized officers of KBZ without any prejudice to the statutory rights of the  Users.
  11. Users acknowledge and agree that there is no right to receive any compensation as a result of the cancellation or termination of this Campaign for some reasons and/or variation to these Terms and Conditions without giving any notice.
  12. KBZ, at any time, shall have the right to amend or cancel or terminate the Terms and Conditions and or Campaign and the benefits or features regarding this Campaign conditionally for some reasons, at any time, without giving any notice. 
  13. All normal KBZPay Terms and Conditions shall also apply.
  14. These Terms and Conditions shall be governed by and construed in accordance with the laws of the Republic of the Union of Myanmar.
  15. KBZ reserves the right to revise initiatives introduced in response to COVID-19 and natural disasters or force majeure events at any time, as the situation evolves.KBZ will not be liable to the User or any other party or be considered in breach of these Terms and Conditions for a failure to perform, or delay in performing, any such obligation set out in these Terms and Conditions while those circumstances.
  16. These Terms and Conditions are made in both English and Myanmar and both versions shall be equally authentic and effective. In case of any discrepancy between the two versions, the Myanmar version shall prevail.