Promo Period

March 21, 2023 – April 21, 2023

Determination of Winners 

April 26, 2023, 9:00AM

Eligibility

To be eligible for the raffle, the customer must:

1. Have not yet activated the Tala Wallet (virtual wallet powered by UnionBank, separate from the Tala app account).

2. Have applied for and disbursed a loan in the Tala App within the last 6 months from the promo period.

3. Must not have any outstanding, past due loans in the last 90 days

4. Apply for and activate your Tala Wallet within the promo period.

The following are prohibited from participating in the promo:

• All employees of Tala Philippines Inc., their advertising agencies, participating entities, any person or entity involved in the event, as well as their relatives/family members up to the third degree of consanguinity or affinity are not eligible to join the promo.

Please note that the activation of the Tala Wallet is subject to know-your-client (KYC) and fraud detection procedures pursuant to anti-money laundering regulations. If your Tala Wallet application is denied as a result of these procedures, you will not be eligible for the raffle.

If you successfully activate your Tala Wallet within the promo period, you will receive an SMS confirming your entry into the raffle.

Prize

100 random customers will receive Php2,500.00 through the Tala Wallet. A customer can only win once. The prize will not be subjected to tax as it does not exceed Php10,000.00.

Determination of Winners

The promotion will close on April 21, 2023 at 11:59pm. Tala will pull data for every activated Tala Wallet among eligible participants. Winners will be selected through a random draw and in the presence of a DTI representative on April 26, 2023 at 9:00am. A total of one hundred (100) winners will be chosen to win.

Notification and Announcement of Winners

The 100 winners will be notified via SMS, push notification, email, and in-app communication on the Tala App on April 30, 2023.

Claiming of Prizes and Redemption Period

Winners will receive the prize of Php2,500 through the Tala Wallet. Php2,500 will be credited to their balance within 30 days from April 26, 2023. The winners do not need to do anything to claim and/or redeem the prize as it will be done automatically.

Customer Service

All customer concerns may be addressed by emailing accountsupport@tala.co. Promo runs from March 21, 2023 – April 21, 2023. Per DTI-FTEB Permit No. XXXXXX, Series of 2023.

The Tala Wallet is an e-money instrument issued by UnionBank of the Philippines and EON. E-money does not earn interest and is not considered a deposit, hence it is not insured with the PDIC. UnionBank and EON are regulated by the Bangko Sentral ng Pilipinas (BSP) with email address consumeraffairs@bsp.gov.ph.