LytePay Boost Program Terms & Conditions

Version 1.0: 26 January 2024

1. Interpretation

1.1 In these LytePay Boost Program Terms and Conditions (hereinafter “Terms” or “Terms and Conditions”), unless the context otherwise requires, the following expressions shall have the following meanings:-

  • Advance : means the request by a Registered User for the advance of a portion of, or the entire amount of, their LyteMoney
  • Applicable Law : means all applicable laws, statutes, rules, regulations, ordinances and other pronouncements having the binding effect of law of any applicable government authority, court, tribunal, agency, legislative body, commission or other instrumentality of: (i) any government of any country; (ii) any state, province, county, city or other political subdivision thereof; or (iii) any supranational body;
  • Application : means the application,
  • Boost Start Date : means the start date of accrual of the Cash Rewards;
  • Boost End Date : means the end date of accrual of the Cash Rewards;
  • Business Day : means any day (other than a Saturday, Sunday or gazetted public holiday) on which banks in Singapore are open for normal banking business;
  • Cash Rewards : means the cash rewards generated over a Commitment Period when Registered Users Boost their receivables;
  • Developer Sales : means the completed, valid, and subsisting sale and purchase of one of more units of a new property development in Singapore as facilitated by a real estate agent as evidenced by a corresponding valid contract;
  • Instructions : means any instruction or request given by a Registered User to LytePay through a request form or otherwise to Boost a portion of, or the entire amount of their Receivables;
  • LyteMoney : means a visual representation of the sum of all of a Registered User’s aggregated receivables, calculated via LytePay’s proprietary algorithm. For the avoidance of doubt,, LyteMoney is not beneficially owned by the Registered User until he/she elects to cash out said LyteMoney into his/her bank account;
  • LytePay : means LytePay Pte Ltd, registered in Singapore (UEN: 201827926E);
  • LytePay Account : means the account a Registered User signs up for and opens on the Application in accordance with the LytePay Platform Agreement;
  • Receivable : means each commission due to a real estate agent for services rendered by the agent on the basis of his work in facilitating the successful execution of a valid contract pursuant to Developer Sales or Resale Transactions;
  • Registered User(s) : means all persons (whether a natural person or a body corporate) who have signed up for an account on LytePay and successfully completed the onboarding process and is not otherwise suspended or rendered incapable of using the Application for legal or regulatory reasons; and
  • Resale Transactions : means the completed, valid and subsisting sale of a resale unit of a HDB residential or commercial property, or private property development in Singapore as facilitated by a real estate agent as evidenced by a corresponding valid contract;


1.2. In these Terms and Conditions, unless otherwise stated or the context otherwise requires:-

  • 1.2.1. clause headings shall not affect the interpretation of these Terms and Conditions;
  • 1.2.2. words in the singular shall include the plural and vice versa;
  • 1.2.3. reference to these “Terms” or “Terms and Conditions” shall be references to the Boost Terms and Conditions or such other Terms and Conditions as supplemented, amended or restated from time to time;
  • 1.2.4. references to clauses shall be references to clauses of these Terms and Conditions;
  • 1.2.5. references to a statute or statutory provision shall be references to that statute or statutory provision as amended, extended or re-enacted from time to time, and include all subsidiary legislation under that statute or statutory provision; and
  • 1.2.6. references to any party shall include that party’s successors and permitted assignees.itions, unless otherwise stated or the context otherwise requires:-

2. BOOST Program

  • 2.1. The BOOST Program is an incentive programme to reward you for retaining Receivables in your LytePay Account. You may choose to Boost your aggregated Receivables or part thereof. Choosing to Boost means choosing to retain your Receivables in your LytePay Account for a period of time which you commit to (“Commitment Period”). Cash Rewards (“Cash Rewards”), quantum of which shall be solely determined by LytePay, will be awarded to you as an incentive for not retaining your Receivables for the Commitment Period.
  • 2.2. When you elect to Boost your Receivables, you assign said Receivables to LytePay, and in return earn Cash Rewards.
  • 2.3. By participating in Boost, you confirm that you have read, understood and agreed to these Terms and Conditions, which constitutes a legally binding agreement between you and LytePay under the applicable law.

3. Eligibility

3.1. In order to be eligible for the Boost Program, you must:

  • 3.1.1. have a LytePay Account as a Registered User;
  • 3.1.2. have fully complied with our account opening criteria (as set from time to time), including our know-your-customer procedures;
  • 3.1.3. be a registered real estate salesperson as defined in the Estate Agents Act (Cap 95A, Rev Ed 2011) of Singapore, with a property agency which has an existing contract with LytePay;
  • 3.1.4. have at least one (01) upcoming Receivable;
  • 3.1.5. not have any outstanding cash outs due to LytePay; and
  • 3.1.6. be offered to participate in the Boost Program by LytePay, which shall be offered to Registered Users at LytePay’s sole discretion.

4. How to Boost?

  • 4.1. Registered Users who have been offered to participate in the Boost Program may choose to Boost a portion of, or the entire sum of your Receivables (“Boosted Amount”) for a selected Period of Commitment by choosing to Boost particular Receivable(s) of at least S$20,000. You may not change your selected Commitment Period after giving us your Instructions to Boost.
  • 4.3. Should the entire Boosted Amount be received by LytePay from your agency within 30 days from the date of your Instructions, the Boost shall take effect on the next Business Day from which payment of your last Receivable, which makes up the Boosted Amount, has been received by LytePay.
  • 4.4. Should the entire Boosted Amount however be received by LytePay from your agency after 30 days from the date of your Instructions, we will reconfirm your intention to Boost as the Cash Rewards may have changed. If you decide not to proceed with Boost, your Boosted Amount shall be transferred to your verified bank account within three (03) Business Days.
  • 4.5. Your consent to these Terms and Conditions is necessary for you to participate in the Boost Program.
  • 4.6. Once you have elected to Boost by giving us your Instructions, you shall not be allowed to Advance on your Receivables.
  • 4.7. You may cancel your Instructions to Boost anytime before the Boost Start Date by e-mailing us at:
  • 4.8. The Boost shall take effect on the Boost Start Date for the Commitment Period. Should you fulfil the Period of Commitment, the Boosted Amount, together with the Cash Rewards will be transferred to your verified bank account within three (03) Business Days after the Boost End Date.
  • 4.9. Should there be a need to change or add your verified bank account(s), please e-mail us at: at least five (05) Business Days prior to the Boost End Date
  • 4.10. The Cash Rewards only crystallises at the end of the Commitment Period. If you decide to withdraw the Boosted Amount before the end of the Commitment Period (an “Early Withdrawal”), you will not be entitled to the Cash Rewards and shall be subject to a fee amounting to 3.0% of the Boosted Amount.
  • 4.11. Please e-mail with your Boost ID, withdraw date and reasons for withdrawal should you wish to draw down on the Boosted Amount before the fulfilment of the Commitment Period. Your withdrawal will be confirmed in one (1) to three (03) Business Days and you will receive the Boosted Amount in your bank account within three (03) Business Days after confirmation.

5. Communications

  • 5.1. Any concerns relating to the Boost Program or communications under these Terms and Conditions shall be in writing and served by e-mail transmission to

6. General

6.1. To the extent as permitted by applicable laws, LytePay reserves the right, with written notice, to: –

  • 6.1.1. vary, modify or amend these Terms and Conditions of this Boost Program (including adding or deleting any terms);
  • 6.1.2. terminate or modify this Boost Program; and
  • 6.1.3. modify the qualifications and eligibility for this Boost Program as specified in these Terms and Conditions;

without prior notice to you and at its sole discretion.

7. Entire Agreement

This Agreement contains the entire agreement between the parties and shall supersede and replace any prior written or oral agreements, representations or understandings between them. Each party hereby confirms that it has not entered into the Boost Program on the basis of any representation that is not expressly incorporated into these Terms and Conditions. Nothing in this Terms and Conditions excludes liability for fraud.

8. Severability

If any provision of these Terms and Conditions is or becomes prohibited by law or judged by a court to be unlawful, void or unenforceable, it shall, to the extent required, be severed from these Terms and Conditions and rendered ineffective as far as possible without modifying the remaining provisions of these Terms and Conditions, and shall not in any way affect the validity or enforcement of these Terms and Conditions.

9. Assignment

Neither the benefit nor the burden of this Facility shall be assigned by either party except with the prior written consent of the other party, such consent not to be unreasonably withheld. These Terms and Conditions shall be binding upon, and shall inure to the benefit of, each party’s successors and permitted assignees.

10. Waiver

No failure or delay on the part of any party to exercise any right or remedy under these Terms and Conditions shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy preclude any other or further exercise thereof or the exercise of any other right or remedy. The rights and remedies provided in these Terms and Conditions are cumulative and not exclusive of any rights or remedies provided by law.

11. Governing Law and Jurisdiction

These Terms and Conditions and any disputes or claims arising out of or in connection with it or its subject matter or formation shall be governed by and construed in accordance with the laws of the Republic of Singapore, and each party hereby irrevocably agrees that the courts of the Republic of Singapore shall have the non-exclusive jurisdiction to settle any such disputes or claims.

12. Rights of Third Parties

Unless otherwise stated, a person who is not a party to these Terms and Conditions shall have no right under the Contracts (Rights of Third Parties) Act (Chapter 53B of Singapore) to enforce any term of this Agreement