Luno (Pty) Ltd (“Luno”) has agreed to run a reward campaign through Luno Pay (the “Campaign”) in conjunction with MoneyBadger (Pty) Ltd (“MoneyBadger”) as its promotional partner and supplier of the Campaign Rewards. Without limiting the applicability of Luno’s Terms of Use, Privacy Policy and the general Rewards and Promotions Rules, you agree to be bound by these terms and conditions by participating in the Campaign (the “Rules”). You agree to accept any decision made by Luno in terms of these Rules as final and binding.

1. Campaign Details

Customers who use either Tether (USDT) or Bitcoin (BTC) through Luno Pay to make a purchase to the equivalent value of R100.00 or more at a participating Pick n Pay store in South Africa during the Campaign Period (the “Qualifying Purchase”) and who meet the eligibility criteria below will automatically participate in the Campaign and receive Campaign Rewards in Tether (USDT) only (subject to the limit set out below). Online purchases at Pick n Pay stores are excluded. Customers who do not wish to participate in the Campaign may request to be excluded as a participant by sending an email to [email protected].

2. Campaign Period

The Campaign will commence on 18 November 2024 and run until and including 30 April 2025.

3. Campaign Rewards

Subject to the limit set out below, the Campaign Rewards will be calculated as follows before being converted to and promptly allocated in Tether (USDT) to each participating Customer’s Tether (USDT) wallet on Luno:

3.1. 10% of the ZAR amount of their Qualifying Purchase if the payment currency selected with Luno Pay is Tether (USDT);

3.2 5% of the ZAR amount of their Qualifying Purchase if the payment currency selected with Luno Pay is Bitcoin (BTC); and

3.3 no reward if the payment currency selected with Luno Pay is any other currency.

If a Customer does not have a Tether (USDT) wallet on Luno at the time of the relevant Campaign Reward allocation, such wallet will be automatically created. There will be no transfer restrictions on any allocated Campaign Rewards, and accordingly Tether (USDT) received as Campaign Rewards can be sold and/or transferred by a Customer subject to applicable laws. For the avoidance of doubt, any refunds of purchases will be dealt with directly by the relevant Pick n Pay store subject to its returns policy and will not impact the amount of allocated Campaign Rewards.

4. Limit

Customers can receive Campaign Rewards which will be distributed in Tether (USDT) only on Luno up to the limit of USDT 50.00 for the last 30 days on a rolling basis (thereby looking back at the last 30 days from any given point in time). If this limit is reached at the time of a Qualifying Purchase, no Campaign Rewards will be given above such limit for that Qualifying Purchase.

5. Eligibility

Participation in the Competition is limited to: 

5.1. verified Luno South Africa customers who are 18 years or older and otherwise meet the eligibility criteria set out in section 3 of Luno's South African Terms of Use (“Customer”); and

5.2. who make a Qualifying Purchase. 

6. Subject to change

Luno reserves the right to hold, void, cancel, suspend, adjust or amend the Campaign and its Rules at any time. 

7. Own risk

To the extent permitted by law, Luno does not accept any responsibility for any damage, loss, liabilities, injury, costs, expenses or claims (whether in contract, tort or otherwise) suffered by the participants of the Campaign or any third parties arising out of or in connection with participating in the Campaign or accepting the Campaign Rewards. 

8. Personal information

Personal information will be processed in accordance with Luno’s privacy notice for the purpose of administering the Campaign, for example to share aggregate anonymised information about cryptocurrencies spent through Luno Pay with MoneyBadger without sharing individual Customer data. You may exercise your right to object to Luno processing your personal information by submitting a request through our privacy rights webform. 

9. Governing law

These Rules shall be governed by and interpreted in accordance with South African law and any disputes arising from the Campaign shall be subject to the exclusive jurisdiction of the courts of South Africa.