Shopee has teased an upcoming update for its ShopeePay e-wallet, hinting at a higher wallet limit for users.

In an in-app notification sent to Premium Account users, Shopee revealed that starting 4 December, the ShopeePay wallet limit will be increased to RM9,999 for premium users who have completed the e-KYC (electronic Know Your Customer) verification process.

Currently, the wallet limit for ShopeePay users is set at RM4,999, meaning this update will double the capacity for Premium Account holders. 

Unfortunately, there isn’t much else revealed about this wallet limit upgrade for now. It is very likely that the additional information, including annual transaction limits and possible upgrades for other account types will also be shared closer or at the 4 December rollout date.

Since its launch in July 2019, ShopeePay has grown to be one of the most popular e-wallets in Malaysia, thanks to direct integration with the Shopee app and rapid introductions of new features, such as being one of the first e-wallets to adopt DuitNow QR for physical payments support. However, as e-wallet usage continues to be the new norm with over 90% adoption rate in Malaysia, and with the likes of Boost and notably, Touch ‘n Go eWallet’s huge wallet upgrade recently, this will be a welcome upgrade for heavy e-wallet users.

• TAGS:
• Boost
• Shopee
• ShopeePay
• Touch 'n Go eWallet