If you use ShopeePay regularly, there's a new update that could make your life a lot easier especially if you've ever hit a wallet cap at the worst possible time. ShopeePay has announced a major increase to its e-wallet limit for users who complete e-KYC verification, raising the limit to RM30,000.
This comes after a previous increase in December 2024, when ShopeePay doubled the limit for verified users. Now it's been boosted again, and ShopeePay is claiming this RM30,000 cap is the largest e-wallet limit currently available in Malaysia.
Who Gets the RM30,000 Limit?
This upgrade is only for users who have completed ShopeePay's e-KYC verification process (identity verification inside the app).
Here's how it works:
• New users can complete e-KYC now and get the new limit once verified
• Users who do not verify will stay on the lower limit
What Exactly Increased Besides the Wallet Limit?
ShopeePay didn't only raise the maximum wallet balance. Several transaction limits were increased too, which matters if you use ShopeePay heavily for spending, transferring, or withdrawing.
1) Wallet limit
This is how much balance you can keep in ShopeePay at any one time.
2) Daily transaction limit
This is the maximum total value of transactions you can perform per day.
But there's an important catch: per-transaction limits still apply.
The RM9,999 Per-Transaction Cap Still Applies
Even though your wallet limit and daily limit can now be RM30,000, ShopeePay still caps payments, transfers, and withdrawals at RM9,999 per transaction.
So what does that mean in real life?
• But each individual transaction is still limited to RM9,999
• This cap remains due to regulatory requirements
In other words, higher overall headroom, but you still can't do one single RM20,000 transfer in one shot.
You Can Adjust Your Daily Limit, But There's a Cooling-Off Period
ShopeePay also mentions that users are assigned a default daily transaction limit, and you can adjust it inside the ShopeePay app.
However, any time you change the daily limit:
• The delay is meant as a safety feature to reduce fraud risk
So if you plan to raise your limit for a big purchase, do it early, not right before you checkout.
Bigger Monthly and Annual Limits: The "Premium Plus" Tier
This update isn't just about daily usage. ShopeePay also increased longer-term limits, which mainly matters for people who move larger amounts throughout the month or year.
ShopeePay's new limits are now grouped under a tier called "Premium Plus":
• Annual transaction limit: RM120,000 → RM360,000
Premium vs Premium Plus: What's the Difference?
ShopeePay's tier naming can be a little confusing because "Premium" already existed, and now there's "Premium Plus." ShopeePay doesn't clearly explain all differences in a simple comparison table, but support info suggests that verified tiers generally unlock more features than Basic accounts.
For example:
• Basic (unverified) users have more restrictions and lower limits
What About Unverified Users?
If you haven't completed verification, nothing changes for you.
So the RM30,000 upgrade is essentially ShopeePay rewarding verified accounts with a much higher ceiling.
Who Is This Actually Useful For?
Let's be honest, most people don't keep RM30,000 inside an e-wallet for everyday use. But the increase makes sense for certain groups, especially those who use ShopeePay as a frequent payment and transfer tool.
This update will benefit:
• People who often hit the old RM9,999 daily cap
• Small business owners or frequent sellers who move money constantly
• Users who want higher flexibility without worrying about balance limits
Even if you're not a "big spender," e-KYC verification is usually still worth it because it reduces restrictions and gives your account more flexibility overall.
If you want, tell me how you usually use ShopeePay (shopping only, transfers, withdrawals, business use, etc.) and I'll suggest whether upgrading via e-KYC is actually worth the hassle for your use case.
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