CADREMIT REWARDS PROGRAM TERMS AND CONDITIONS
Last Updated: 29th April 2025
1. OVERVIEW
1.1 This Rewards Programme Terms and Conditions (the "Rewards Agreement") set out the terms under which StudentPay Inc. ("CadRemit", "we", "us", or "our") provides the CadRemit Rewards Programme (the "Programme") to eligible users ("you", "your", or "User").
1.2 The Programme allows eligible Users to earn CadRemit reward points ("CMT Points") through qualifying cross-border money transfers and other promotional activities.
1.3 By participating in the Programme, you agree to be bound by this Rewards Agreement, our Terms of Use, and our Privacy Policy. Participation in the Programme does not create any employment, agency, partnership, or fiduciary relationship between you and CadRemit.
1.2 The Programme allows eligible Users to earn CadRemit reward points ("CMT Points") through qualifying cross-border money transfers and other promotional activities.
1.3 By participating in the Programme, you agree to be bound by this Rewards Agreement, our Terms of Use, and our Privacy Policy. Participation in the Programme does not create any employment, agency, partnership, or fiduciary relationship between you and CadRemit.
2. PARTICIPATION AND ELIGIBILITY
2.1 Participation in the Programme is open to Users who meet the following criteria: a) Are fully onboarded and verified users of the CadRemit platform. b) Perform qualifying cross-border transfers to Nigeria. c) Comply with all applicable laws and regulations.
2.2 Transfers to accounts or recipients owned or controlled by the same User are excluded from qualifying for rewards.
2.3 CadRemit reserves the right, at its sole and absolute discretion, to determine a User's eligibility to participate in the Programme or receive any CMT Points and may disqualify any User without notice or reason.
2.2 Transfers to accounts or recipients owned or controlled by the same User are excluded from qualifying for rewards.
2.3 CadRemit reserves the right, at its sole and absolute discretion, to determine a User's eligibility to participate in the Programme or receive any CMT Points and may disqualify any User without notice or reason.
3. EARNING REWARDS
3.1 Users may earn CMT Points through specific actions, including but not limited to: a) Monthly Volume Reward: Users may receive CMT Points based on the total value of qualifying transfers made in a calendar month. Thresholds and reward tiers will be communicated on the platform or via email.
3.2 CadRemit reserves the right to request documentation to confirm the uniqueness of recipients and legitimacy of transactions. Transactions may be audited at any time.
3.3 CMT Points will be credited to a User's CadRemit Rewards Wallet ("CMT Wallet") after a qualifying transaction is successfully completed. Points will not be awarded for cancelled, reversed, or ineligible transactions.
3.4 A single account is permitted per individual. Each User must participate using only one device and IP address unless otherwise approved.
3.5 CadRemit may change, suspend, or end reward structures or promotional offers at any time and without notice.
3.6 CadRemit may place caps on the total number of Points a User may earn monthly or annually. These caps will be communicated at any time, in-app or by email.
3.7 Redemption of CMT Points may be subject to minimum withdrawal thresholds or usage conditions, as determined and communicated by CadRemit.
3.2 CadRemit reserves the right to request documentation to confirm the uniqueness of recipients and legitimacy of transactions. Transactions may be audited at any time.
3.3 CMT Points will be credited to a User's CadRemit Rewards Wallet ("CMT Wallet") after a qualifying transaction is successfully completed. Points will not be awarded for cancelled, reversed, or ineligible transactions.
3.4 A single account is permitted per individual. Each User must participate using only one device and IP address unless otherwise approved.
3.5 CadRemit may change, suspend, or end reward structures or promotional offers at any time and without notice.
3.6 CadRemit may place caps on the total number of Points a User may earn monthly or annually. These caps will be communicated at any time, in-app or by email.
3.7 Redemption of CMT Points may be subject to minimum withdrawal thresholds or usage conditions, as determined and communicated by CadRemit.
4. REWARD VALUATION AND REDEMPTION
4.1 CMT Points are promotional in nature and have no monetary value outside the CadRemit platform. They do not constitute currency, property, or a vested right.
4.2 CMT Points may be redeemed only through approved channels communicated by CadRemit. These may include cross-border transfers, platform credits, vouchers, or discounts.
4.3 Redemption options are subject to availability, geographic restrictions, regulatory approval, and may be modified at any time.
4.4 All redemptions are final. CadRemit is not responsible for lost, expired, or misapplied rewards.
4.5 CadRemit reserves the right to delay or deny redemption requests pending identity or transaction verification, especially in cases of suspected misuse or fraud.
4.2 CMT Points may be redeemed only through approved channels communicated by CadRemit. These may include cross-border transfers, platform credits, vouchers, or discounts.
4.3 Redemption options are subject to availability, geographic restrictions, regulatory approval, and may be modified at any time.
4.4 All redemptions are final. CadRemit is not responsible for lost, expired, or misapplied rewards.
4.5 CadRemit reserves the right to delay or deny redemption requests pending identity or transaction verification, especially in cases of suspected misuse or fraud.
5. CANCELLATIONS, FRAUD AND MISUSE
5.1 Zero Tolerance Policy CadRemit maintains a strict zero-tolerance policy for fraud, abuse, manipulation, or any activity that undermines the integrity of the Rewards Programme. Prohibited conduct includes, but is not limited to: a) Creating or operating multiple accounts by the same individual or household. b) Initiating transfers to recipients under your control or to fictitious identities. c) Misrepresenting personal or transactional information to qualify for rewards. d) Coordinating with third parties to simulate activity for personal gain. e) Using automation, scripts, or other unauthorized methods to earn rewards. f) Circumventing geographic, identity, or platform restrictions in any form.
5.2 Suspension and Termination Rights CadRemit may, at its sole discretion and without prior notice, suspend or permanently terminate a User's access to the Programme and forfeit any or all accumulated CMT Points if the User is suspected of: a) Engaging in any prohibited conduct as outlined in this Agreement. b) Violating any applicable law or regulation in connection with the Programme. c) Providing false or misleading information during onboarding or audits. d) Participating in any activity that poses reputational, operational, or regulatory risk to CadRemit. Such termination shall be final and non-reviewable, and CadRemit shall have no obligation to reinstate lost points or access privileges.
5.3 Recovery of Fraudulent Rewards In addition to termination of Programme access, CadRemit reserves the right to: a) Deduct misused or fraudulently obtained CMT Points from future rewards. b) Suspend pending redemptions or promotional benefits. c) Reverse transactions retrospectively, including those already redeemed. d) Initiate civil or criminal proceedings where appropriate under applicable law. e) Report offending Users to relevant law enforcement or regulatory authorities.
5.4 Monitoring and Audit CadRemit reserves the right to monitor all User activity for compliance purposes and to conduct routine or ad hoc audits of any account. You agree to cooperate fully with any investigation and to provide truthful and complete responses to any verification request.
5.5 Indemnification You agree to fully indemnify, defend, and hold harmless CadRemit, its parent company, affiliates, officers, directors, employees, contractors, and licensors from and against any and all losses, damages, claims, demands, liabilities, penalties, expenses (including legal fees), or proceedings arising directly or indirectly from: a) Your violation of this Agreement. b) Fraudulent or abusive conduct in relation to the Programme. c) Misuse of the platform or breach of applicable law.
5.6 No Waiver Failure by CadRemit to enforce any part of this Section shall not constitute a waiver of its rights to enforce it later or take any other legal or corrective action.
5.2 Suspension and Termination Rights CadRemit may, at its sole discretion and without prior notice, suspend or permanently terminate a User's access to the Programme and forfeit any or all accumulated CMT Points if the User is suspected of: a) Engaging in any prohibited conduct as outlined in this Agreement. b) Violating any applicable law or regulation in connection with the Programme. c) Providing false or misleading information during onboarding or audits. d) Participating in any activity that poses reputational, operational, or regulatory risk to CadRemit. Such termination shall be final and non-reviewable, and CadRemit shall have no obligation to reinstate lost points or access privileges.
5.3 Recovery of Fraudulent Rewards In addition to termination of Programme access, CadRemit reserves the right to: a) Deduct misused or fraudulently obtained CMT Points from future rewards. b) Suspend pending redemptions or promotional benefits. c) Reverse transactions retrospectively, including those already redeemed. d) Initiate civil or criminal proceedings where appropriate under applicable law. e) Report offending Users to relevant law enforcement or regulatory authorities.
5.4 Monitoring and Audit CadRemit reserves the right to monitor all User activity for compliance purposes and to conduct routine or ad hoc audits of any account. You agree to cooperate fully with any investigation and to provide truthful and complete responses to any verification request.
5.5 Indemnification You agree to fully indemnify, defend, and hold harmless CadRemit, its parent company, affiliates, officers, directors, employees, contractors, and licensors from and against any and all losses, damages, claims, demands, liabilities, penalties, expenses (including legal fees), or proceedings arising directly or indirectly from: a) Your violation of this Agreement. b) Fraudulent or abusive conduct in relation to the Programme. c) Misuse of the platform or breach of applicable law.
5.6 No Waiver Failure by CadRemit to enforce any part of this Section shall not constitute a waiver of its rights to enforce it later or take any other legal or corrective action.
6. EXPIRATION AND TERMINATION
6.1 CMT Points expire 180 days from the date of issuance, unless otherwise specified or revoked earlier due to fraud, regulatory restrictions, or programme suspension.
6.2 CadRemit may modify, suspend, or terminate the Programme at any time, with or without prior notice. Accumulated points not redeemed by the termination date may be forfeited.
6.2 CadRemit may modify, suspend, or terminate the Programme at any time, with or without prior notice. Accumulated points not redeemed by the termination date may be forfeited.
7. GENERAL TERMS
7.1 Right to Modify CadRemit reserves the right to amend, update, or revise this Rewards Agreement at any time, for any reason, including to reflect changes in applicable law, business operations, or the functionality of the Programme. Any such amendments shall become effective immediately upon posting within the CadRemit app or on our official website. Continued participation in the Programme after such changes shall constitute your acceptance of the revised terms. Users are encouraged to review this Agreement regularly.
7.2 Governing Law and Jurisdiction This Rewards Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario, Canada, without regard to its conflict of law principles. Any and all disputes, claims, or causes of action arising out of or relating to the Programme or this Agreement shall be brought exclusively before the courts located in Ontario, Canada, and you irrevocably consent to the personal jurisdiction and venue of such courts.
7.3 Severability If any provision of this Rewards Agreement is found to be unlawful, void, or for any reason unenforceable, such provision shall be deemed severable from this Agreement and shall not affect the validity and enforceability of any remaining provisions.
7.4 No Waiver The failure of CadRemit to enforce any right or provision under this Agreement shall not constitute a waiver of such right or provision. Any waiver of any provision of this Agreement will be effective only if in writing and signed by an authorized representative of CadRemit.
7.5 Assignment You may not assign or transfer any of your rights or obligations under this Agreement without the prior written consent of CadRemit. Any attempted assignment in violation of this clause shall be null and void. CadRemit may freely assign or transfer its rights and obligations under this Agreement without restriction.
7.6 Entire Agreement This Rewards Agreement, together with the CadRemit Terms of Use, Privacy Policy, and any other referenced documentation, constitutes the entire agreement between you and CadRemit regarding your participation in the Programme and supersedes any prior or contemporaneous agreements, communications, or understandings, whether written or oral.
7.7 Language This Agreement is drafted in English, and any translations provided are for convenience only. In the event of any inconsistency or ambiguity between the English version and any translated version, the English version shall prevail.
7.8 Contact Information If you have any questions or concerns regarding this Agreement or the CadRemit Rewards Programme, you may contact us at: Email: [email protected] Mailing Address:
StudentPay Inc.
7398 Yonge St,
Thornhill, ON,
L4J 8J2, Canada
7.2 Governing Law and Jurisdiction This Rewards Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario, Canada, without regard to its conflict of law principles. Any and all disputes, claims, or causes of action arising out of or relating to the Programme or this Agreement shall be brought exclusively before the courts located in Ontario, Canada, and you irrevocably consent to the personal jurisdiction and venue of such courts.
7.3 Severability If any provision of this Rewards Agreement is found to be unlawful, void, or for any reason unenforceable, such provision shall be deemed severable from this Agreement and shall not affect the validity and enforceability of any remaining provisions.
7.4 No Waiver The failure of CadRemit to enforce any right or provision under this Agreement shall not constitute a waiver of such right or provision. Any waiver of any provision of this Agreement will be effective only if in writing and signed by an authorized representative of CadRemit.
7.5 Assignment You may not assign or transfer any of your rights or obligations under this Agreement without the prior written consent of CadRemit. Any attempted assignment in violation of this clause shall be null and void. CadRemit may freely assign or transfer its rights and obligations under this Agreement without restriction.
7.6 Entire Agreement This Rewards Agreement, together with the CadRemit Terms of Use, Privacy Policy, and any other referenced documentation, constitutes the entire agreement between you and CadRemit regarding your participation in the Programme and supersedes any prior or contemporaneous agreements, communications, or understandings, whether written or oral.
7.7 Language This Agreement is drafted in English, and any translations provided are for convenience only. In the event of any inconsistency or ambiguity between the English version and any translated version, the English version shall prevail.
7.8 Contact Information If you have any questions or concerns regarding this Agreement or the CadRemit Rewards Programme, you may contact us at: Email: [email protected] Mailing Address:
StudentPay Inc.
7398 Yonge St,
Thornhill, ON,
L4J 8J2, Canada
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