KUALA LUMPUR, February 1 — ShopeePay has increased its e-wallet limit to RM30,000, making it the highest wallet limit currently available in Malaysia. The upgrade applies automatically to all existing users who have completed e-KYC verification.
While new users and existing users who have yet to verify will gain access to the higher limit upon completing the e-KYC process, the company said today. Under the new structure, ShopeePay’s daily transaction limit has been raised to RM30,000.
With monthly and annual transaction limits increased significantly to RM180,000 and RM360,000 respectively, from RM20,000 and RM120,000 previously. However, payments, transfers and withdrawals remain capped at RM9,999 per transaction in line with regulatory requirements.
While users can adjust their daily limits via the app, subject to a three-hour cooling-off period for added security.
