A memorandum of understanding (MoU) has been signed between Everest Bank Ltd (EBL) and Daraz Kaymu Pvt Ltd (Daraz) for the purpose of establishing a discount partnership for the Daraz 11.11 campaign.
According to a media release, EBL will offer up to a 15% discount on purchases made through the Daraz app and websites when using the bank’s Visa debit or credit cards during the event.
Customers can earn a maximum discount of Rs 3,500 if they pay with a credit card and a maximum discount of Rs 3,000 if they pay with a debit card. The Memorandum of Understanding was signed by Ashutosh Sharma, EBL’s AGM, and Lino Ahlering, Daraz’s managing director.
This 24-hour mega campaign, which includes a Rs 50 million discount on 1.1 million products as well as a giant giveaway of 11 TVS motorcycles, will run for 24 hours.
Separately, Daraz has announced that, in order to provide customers with a one-of-a-kind entertainment experience and the opportunity to win exciting rewards throughout the campaign, the company will be organizing a Grand Gala Live, which will be hosted by media personalities Suraj Singh Thakuri and Malvika Subba, as well as 11 other well-known celebrities, during the campaign. On November 10, the Daraz app will broadcast a live stream of the Gala Live event.