Introduction

These Terms and Conditions ("Terms") govern your participation in the 1% Cashback Promotion ("Promotion") offered by Airwallex (New Zealand) Limited FSP1001602 ("Airwallex," "we," "us," or "our"). These Terms are incorporated into and form part of the Customer Agreements between you ("Participant") and us ("Customer Agreements") regarding the use of our services ("Services") and shall be interpreted as such. Capitalised terms not defined herein shall have the meanings assigned to them in the Customer Agreements.

1. Promoter Details

Airwallex (New Zealand) Limited NZBN 9429048910057, located at Suite 303 Level 3, 87 Albert Street, Auckland Central, Auckland 1010, New Zealand, is the promoter of this Promotion.

2. Eligibility Criteria

To be eligible for the Promotion, Participants must:

• be a new Customer of Airwallex with a valid NZBN;

• have been previously a customer of Laybuy, and now onboarded to Airwallex via Klarna New Zealand’s migration pathway or invitation;

• have completed the Klarna New Zealand custom sign-up process and been onboarded by Airwallex following satisfaction of all requirements (including the onboarding KYC requests).

Please note that Participant’s enrollment in the Promotion will occur automatically once the Participant has completed Klarna New Zealand’s sign-up journey and been successfully onboarded to Airwallex.

3. Promotion Details

Participants in this Promotion will benefit from:

• 1% cashback on international transactions made using Airwallex card:

• Eligible Customers will be entitled to receive a cash rebate (“Cashback”) equal to one (1) percent of all your eligible international transactions made using the Airwallex Card during the Promotion Period. 

• The Cashback will be calculated in the transaction currency. If the transaction currency is not the same as your billing currency, the Cashback will be converted at the prevailing FX Exchange Rate (as defined in our Treasury Management Terms) into your billing currency on the last date of the relevant month when the international transactions took place, before it is credited to your account.

• The Cashback applies to both Company and Employee cards linked to the Participant’s account.

4. Promotion Period and Expiration

The Promotion Period commences on 11 April 2025, 00:00 AEST, and ends on 1 October 2025, 23:59 AEST, unless otherwise extended or shortened as notified by Airwallex. For each Participant, the 1% cashback will apply for a period of 90 days from the date of their enrollment in the Promotion. Airwallex reserves the right to amend these Terms or cancel, suspend, or amend this Promotion at any time without prior notice.

5. Fee

During the Promotion, the standard rates as shown on our Fee Schedule will apply to your transactions. 

6. Acceptance

By participating in the Promotion, Participants accept these Terms and agree to be bound by them, effective as of the earliest of their written acceptance or the Email Confirmation date.

7. Exclusivity

This Promotion cannot be used in conjunction with any other offers unless specified by Airwallex.

8. Rights Reserved

Airwallex reserves the right to modify, suspend, or cancel the Promotion as necessary.

9. Termination

This Promotion expires on 1 October 2025 unless extended or shortened by Airwallex. This Agreement automatically terminates if the Participant's Customer Agreement with Airwallex is terminated for any reason. Airwallex reserves the right to amend these Terms or cancel, suspend, or amend this Promotion at any time without prior notice.

10. Use of Personal Information

Any personal information provided to Airwallex in connection with this Promotion will be used in accordance with our Privacy Policy.

11. Transferability

Participants may not transfer their rights or obligations under these Terms without our written consent.

12. No Third-party Rights

These Terms create rights and obligations only between the Participant and Airwallex; no third party may enforce any terms herein.

13. Governing Law and Jurisdiction

These Terms are governed by the laws of New Zealand, and Participants agree to submit to the exclusive jurisdiction of the courts in New Zealand.

14. Contacting Airwallex

For inquiries, Participants may contact us via email at [email protected] or through our website at www.airwallex.com.

15. Additional General Terms

• Indemnification: Eligible Participants agree to indemnify, defend and hold harmless the Airwallex group and its officers, directors, employees, advisors, agents, and subcontractors from and against any loss, damage or expense (including reasonable attorneys’ fees) incurred in connection with any claims, actions, demands, suits or proceedings made against the Airwallex group by a third party or suffered by the Airwallex group in connection with or as a result of the Eligible Participants’ breach of these Terms, failure to comply with applicable law or the Eligible Participants’ use or misuse of the Promotion.

• Conflict Resolution: In the event of a conflict between these Terms and any Customer Agreement, these Terms shall prevail.