Come 23 September 2020, Shopee will upgrade its ShopeePay e-wallet to provide users with an increased e-wallet size. Additionally, it will introduce a higher daily checkout limit, along with new monthly and yearly transaction limits.

Following this update, ShopeePay’s e-wallet size for Basic and Premium accounts will be increased to the following amounts:

	Current ShopeePay e-wallet limit	New ShopeePay e-wallet limit after 23 September
Basic account	RM500	RM2,999
Premium account	RM1,500	RM4,999

This update will also see the daily transaction limit revised to RM2,999 for Basic accounts and RM4,999 for Premium accounts, from the current RM1,000 previously. Additionally, ShopeePay is introducing a new monthly and yearly checkout limit for its customers, restricting them to expenses of RM4,999 per month and RM59,999 per year.

In its “pre-hype” announcement, Shopee said that this upgrade will offer an enhanced and seamless shopping experience – both online and offline – as customers can make instant payment for their purchases without having to resort to credit/debit cards, online banking, or cash payments.

With the increased e-wallet size, customers can also avoid the hassle of having to frequently top-up their ShopeePay e-wallet as they shop. On top of that, it is now also more convenient for them to make big-ticket purchases, such as home appliances, mobile gadgets, electronics, and designer items.

The ShopeePay e-wallet was first launched in July last year, with its use limited only to purchases on the e-commerce platform. Since then, Shopee has expanded its e-wallet features to allow for offline payments at selected stores nationwide as well. A subsequent partnership with Revenue Group saw Shopee gearing to enable ShopeePay’s offline payment at even more merchant payment touchpoints across Malaysia.

• TAGS:
• E-Commerce
• E-Commerce Platforms
• E-Wallet Top-Ups
• Shopee
• ShopeePay
• Transaction Limits