2. Requirements for Referrers

To qualify for the Referral Reward, Referrers must:

• Be a current customer of the Aspire Group and a business duly incorporated with a valid business registration number;
• Hold an Aspire business account in good standing;
• Refer a new business customer to the Aspire Group using the Referrer’s unique referral code or link;
• Ensure that the Referred Business (which must not be a sole proprietorship) has not registered any account with the Aspire Group prior to the start of the Promotion Period;
• Not be the same individual as any Director of the Referred Business; and
• Comply with all terms and conditions outlined herein, and ensure the Referred Business meets all conditions listed in Section 3.

3. Requirements for Referees

Referred Businesses must complete all of the following steps within the Promotion Period to qualify for the Referral Reward (the “Qualifying Steps”):

• Register for an account with the Aspire Group using the Referrer’s unique referral code;
• Successfully complete Aspire’s verification process and open an active Aspire account; and
• Make a minimum total spend of S$100 (in the business’s local currency) at Qualified Merchants (see Section 4) using the Aspire Card.

Qualifying spend must be net of refunds, chargebacks, reversed, or disputed transactions and must remain posted and settled for at least thirty (30) calendar days. Aspire reserves the right to withhold, reverse, or recover any Referral Reward in cases where transactions are refunded, reversed, disputed, or otherwise determined to be non-qualifying.

4. Reward Payout Schedule

Provided all requirements under these Terms are met and verified, Aspire will credit the Referral Reward to each qualifying party's (Referrer's and Referred Business's) Aspire account within the first fourteen (14) business days of the calendar month following the month in which the Referred Business completes all Qualifying Steps. Aspire reserves the right to verify all requirements, including the continued good standing of the recipient's account before processing payment.

Where a payout is made in a currency other than the reward's reference currency, Aspire will determine the exchange rate, in its sole discretion, using commercially reasonable market data as of the payout date; that determination is final and binding.

List of Qualified Merchants

Purchases must be made directly from the merchant's official website or app not through third-party platforms such as the Play Store, App Store, or deal sites. Example: buy a Microsoft 365 subscription directly from Microsoft, not through Amazon

5. Prohibited Activities

While the Aspire Group aims to keep the Referral Promotion straightforward, we monitor for any misuse or fraudulent activity. Examples of prohibited activities include:

• Creating multiple accounts or leveraging other tactics to exploit the offer multiple times, including but not limited to account cycling, broadcasting, self-referrals, and referral rings;
• Attempting to avail the offer more than once by registering multiple accounts;
• Requesting that ineligible transactions, such as top-ups or payments to payment service providers, prepaid accounts, or any e-wallets (e.g. EZ-Link, GrabPay, NETS FlashPay, Transit Link, Revolut, Singtel Dash, Wise), be considered for the Referral Reward; and
• Spending to receive the reward and subsequently seeking a refund on the transaction.

You must not promote the Aspire Group or distribute referral links through any of the following without the Aspire Group’s prior written consent: (a) traffic sources involving bots or incentivized clicks; (b) discount code or affiliate coupon websites; or (c) paid advertising (e.g., Google Ads, Facebook Ads, retargeting platforms).

Referral links are intended solely for non-commercial use. Any commercial use of your referral link requires prior written approval from the Aspire Group. Referral links may only be used by you directly and may not be transferred, sold, or posted on any third-party websites, blogs, social media accounts, or platforms not directly controlled by you, or distributed via any channel promoting illegal, fraudulent, misleading, or deceptive activities.

This list is illustrative and not exhaustive. The Aspire Group reserves the right to disqualify participants who do not adhere to the spirit of the campaign.

Aspire reserves the right, in its sole discretion, to withhold, deny, cancel, or recover any Referral Reward if it determines that a participant has engaged in fraud, abuse, circumvention of these Terms, or activity inconsistent with the intent of the Referral Promotion.

Aspire reserves the right to require additional account activity, transaction volume, continued account usage, or verification steps prior to payment of any Referral Reward where reasonably necessary to prevent fraud, abuse, or regulatory risk, including under applicable anti-money laundering or banking program requirements.

When sharing your referral link, you must clearly disclose to each prospective Referred Business that you may receive a reward from Aspire for the referral, consistent with the FTC's Endorsement Guides and other applicable advertising laws. You are responsible for ensuring that any email, text, call, or other direct outreach you use to distribute the link complies with the CAN-SPAM Act, the TCPA, and other applicable anti-spam or telemarketing laws including obtaining any required recipient consent. Aspire may suspend or disqualify a Referrer who fails to comply with this paragraph.

6. Fraud Detection and Clawback

Aspire may refuse, withhold, delay, or claw back payment of any reward where fraud, misuse, or falsified information is suspected or detected. Aspire's determination of fraud or suspected fraud is final.

7. Privacy and Consent

By participating in this Referral Promotion, you consent to the collection, use, and processing of your personal data in accordance with Aspire’s Privacy Policy. If you provide personal data of third parties, you confirm you have obtained their express consent for Aspire to process such data.

8. Program Changes and Final Terms

Aspire reserves the right to modify, extend, suspend, or terminate this Referral Promotion at any time, in whole or in part, subject to applicable law. Any decisions made by Aspire regarding eligibility or reward entitlement are final and binding.

9. Regulatory Status and Promotional Nature of Reward

The Referral Reward is a limited-time promotional incentive offered at Aspire’s discretion. It does not constitute compensation for financial services, brokerage, money transmission, or any regulated activity. Participation in the Referral Promotion does not create any agency, partnership, employment, or commission-based relationship between Aspire and any participant.

10. Governing Law and Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to conflict of law principles. Any disputes arising in connection with this Referral Promotion shall be subject to the exclusive jurisdiction of the competent courts of the State of Delaware.

Participation in the Referral Promotion is subject to the applicable Aspire account terms, product disclosures, privacy policy and, where applicable, sponsor-bank disclosures. In the event of any inconsistency or conflict between these Terms and the applicable account terms or sponsor-bank disclosures, the account terms and sponsor-bank disclosures shall prevail to the extent of the conflict.

For further inquiries, please contact support@aspireapp.com.