ShopeePay Raises Money+ Wallet Limit To RM30,000

ShopeePay has increased the limit of its Money+ wallet from RM20,000 to RM30,000 without any additional costs for users. The Money+ investment feature, launched earlier in the year, enables Malaysians to generate daily returns on unused cash, potentially up to 3% annually through Shariah-compliant investments. With the higher wallet limit, users can now leverage a broader range of funds for investments, transactions, and purchases.

To celebrate the upgrade, ShopeePay is offering eligible users promotional returns of up to 5% per annum on the initial RM10,000 of their Money+ balance from now until 30 November 2026. This promotional rate is composed of two parts: the returns generated by the Eastspring Investments Islamic E-Duit Fund and an extra 2% per annum bonus from ShopeePay, provided to all users who activate Money+ and maintain a minimum balance of RM200.

The bonus is allocated on a first-come, first-served basis, and its availability is contingent upon the campaign's budget. Balances surpassing RM10,000 will continue to earn returns from the fund but won't benefit from the promotional bonus. It's important to note that Money+ is a form of investment, not a bank deposit, and its returns are subject to market risks. For further details, users can visit Shopee's official website.