Save Money on ShopeePay, But Can Your Money Increase? Here’s How
In today’s digital financial era, more and more consumers are looking for ways to grow their savings without having to go through complicated investment processes. One option that is gaining increasing attention is ShopeePay+ Money.
This article explains in detail about ShopeePay+ Moneyhow it works, the benefits it offers and important things you need to know before investing.
Also read: ShopeePay Travel eSim: Internet for Holidays Abroad
What is ShopeePay Money+?
ShopeePay+ Money is an investment feature developed by ShopeePay Malaysia Sdn. Bhd. with cooperation iFAST Capital Sdn. Bhd. to help users increase their money balances through easily accessible investments.
Through Money+, the balance deposited into the account will be invested Eastspring Investments Islamic E-Money Fundwhich is a sharia-compliant money market fund managed by Eastspring Investment Berhad and distributed by iFAST Capital.
ShopeePay acts as a platform that facilitates users to invest funds directly through the Shopee or ShopeePay application without having to open a separate investment account.
However, users need to understand that the balance comes in ShopeePay Money+ is not e-money or bank deposit savings. This is an investment that carries certain risks. Returns received are not guaranteed and the value of investments may increase or decrease depending on the performance of the mutual fund.
In addition, the balance in Money+ too capital is not guaranteed and is not covered by the Malaysian Deposit Insurance Corporation (PIDM).
How Does Uang+ShopeePay Work?
The concept of ShopeePay Money+ is very simple. Users only need to activate the Money+ feature in the Shopee or ShopeePay application and transfer a certain amount of money to their account.
Incoming funds will be invested Eastspring Investments Islamic E-Money FundIslamic money market funds that focus on low-risk, sharia-compliant financial instruments.
The returns generated will be calculated based on the fund’s performance and users can check the value of their investments directly through the app.
Interestingly, Money+ is also integrated with ShopeePay. If the ShopeePay eWallet balance is insufficient when making a payment, the system can immediately make an exchange from Money+ to complete the transaction automatically.
Advantages of ShopeePay Money+
1. Potential to Generate Daily Returns
One of the main advantages of ShopeePay Money+ is that users have the opportunity to earn daily profits from their invested balance.
Instead of letting money sit idle without any returns in a regular eWallet, Money+ provides the opportunity to grow funds consistently according to the performance of sharia-compliant money markets.
However, rates of return may change over time and are not guaranteed.
2. Comply with Sharia
For Muslim users who care about sharia compliance aspects, use ShopeePay Money+ Eastspring Investments Islamic E-Money Fund which are recognized as sharia-compliant funds.
This fund avoids investing in activities that involve usury, gambling, extreme uncertainty (gharar) and business sectors that are not permitted by sharia such as alcohol, tobacco, gambling and non-halal products.
3. Low Initial Capital
In contrast to several investment products that require large capital, ShopeePay Money+ offers easier access to the public.
Users can start investing with the lowest possible minimum amount RM10making it ideal for students, young workers, and individuals who just want to try the world of investment.
4. Easy to use via the Shopee application
All transactions related to ShopeePay Money+ can be done directly via the Shopee or ShopeePay application.
Users can top up, check balances, view fund performance and make exchanges without having to use additional platforms.
This facility makes the investing experience more user-friendly and suitable for beginners.
5. Flexibility of Withdrawing Funds
ShopeePay Money+ offers users the flexibility to make exchange requests when they need access to their money.
This provides a balance between the opportunity to make a profit and ease of accessing funds when needed.
6. Automatic Integration with ShopeePay
One of the unique characteristics of ShopeePay Money+ is its integration with the ShopeePay eWallet.
If the ShopeePay eWallet balance is insufficient to carry out a transaction, the system will automatically immediately make an exchange from the Uang+ balance to cover the required amount.
For example:
- If the transaction is worth RM4 and the ShopeePay balance is only RM2, the remaining RM2 is automatically deducted from Money+.
- If the number of ShopeePay and Money+ balances is still insufficient, the transaction will fail.
This feature helps ensure payments can be made more smoothly without having to top up manually.
Who is Eligible to Please?
ShopeePay Money+ is open to users who meet the following conditions:
- Malaysian citizen.
- Aged 18 years and over.
- Have a ShopeePay account that has completed the identity verification (eKYC) process and has active status.
- Has no US tax status or citizenship (US Indicia).
For now, Foreigners living in Malaysia are not eligible to use ShopeePay Money+.
Is Money+ShopeePay Safe?
ShopeePay Money+ involves several parties regulated by Malaysian Securities Commission (SC).
Among them:
- ShopeePay Malaysia Sdn. Bhd. (platform operator)
- iFAST Capital Sdn. Bhd. (fund dealer)
- Eastspring Investments Berhad (fund administrator)
Although these platforms and funds are regulated by the SC, users need to understand that all investments carry certain risks.
Returns are not guaranteed and there is a possibility of losing some investment capital in the event of market changes.
Important Things to Consider Before Investing
Before using ShopeePay Money+, users are advised to read and understand:
- Product Overview Sheet
- Eastspring Investments Islamic E-Duit Fund Prospectus
Additionally, users need to assess:
- Personal financial goals
- Risk tolerance stage
- Current financial needs
- Planned investment period
- Knowledge of investment products
Although money market mutual funds are generally considered to have lower risk than other investments, they are not risk-free.
Do Muslim Unit Holders Need to Pay Zakat?
Yes. This fund does not pay zakat on behalf of Muslim investors.
Therefore, Muslim unit holders are responsible for calculating and paying zakat on their own investments in accordance with the relevant zakat authority guidelines.
Also read: List of the Best Shopee & Lazada Credit Cards
How to Get Help Regarding ShopeePay Money+
If you face any problems regarding ShopeePay Money+, such as:
- Failed to add value
- Money+ transaction was unsuccessful
- Bank withdrawal failed
- 6 digit PIN problem
- Questions related to investing or using the platform
You can contact ShopeePay Customer Service via:
Shopee application
- Me → Help Center → Internet Chat or Call
ShopeePay application
- Me → Help Center → Chat
Frequently Asked Questions (FAQ) ShopeePay Money+
ShopeePay Money+ is an investment feature on the Shopee and ShopeePay applications that allows users to invest their balance into the Eastspring Investments Islamic E-Duit Fund, a sharia-based money market mutual fund managed by Eastspring Investments Berhad.
Yes. The fund used by ShopeePay Money+ is the Eastspring Investments Islamic E-Duit Fund, which is a money market fund that is sharia compliant and adheres to Islamic financial principles.
ShopeePay Money+ is open to Malaysian citizens aged 18 years and above who have an active ShopeePay account and have completed the identity verification (eKYC) process.
No. For now, ShopeePay Money+ is only available to Malaysian citizens who meet the specified eligibility requirements.
Users can start investing with a minimum amount starting from RM10, making it easily accessible to most users.
No. ShopeePay Money+ is an investment product and profits received depend on fund performance. Returns are not guaranteed and may change at any time.
No. All investments involve risks including the possible loss of some or all capital. Apart from that, the balance on ShopeePay Money+ is not covered by PIDM.
If the ShopeePay balance is insufficient, the system can immediately make an exchange from the Money+ balance to cover the required amount, as long as the total balance is sufficient.
Yes. Users can make exchange requests at any time in accordance with the terms and conditions set out on the platform.
Yes. ShopeePay Malaysia Sdn. Bhd., iFAST Capital Sdn. Bhd. and Eastspring Investments Berhad are entities regulated by the Malaysian Securities Commission (SC).
Yes. The fund does not pay zakat on behalf of Muslim investors. Therefore, Muslim unit holders are responsible for calculating and paying their own zakat if they fulfill the mandatory zakat requirements.
You can refer to other frequently asked questions regarding ShopeePay Money+ in the Shopee Help Center.
PakarPBN
A Private Blog Network (PBN) is a collection of websites that are controlled by a single individual or organization and used primarily to build backlinks to a “money site” in order to influence its ranking in search engines such as Google. The core idea behind a PBN is based on the importance of backlinks in Google’s ranking algorithm. Since Google views backlinks as signals of authority and trust, some website owners attempt to artificially create these signals through a controlled network of sites.
In a typical PBN setup, the owner acquires expired or aged domains that already have existing authority, backlinks, and history. These domains are rebuilt with new content and hosted separately, often using different IP addresses, hosting providers, themes, and ownership details to make them appear unrelated. Within the content published on these sites, links are strategically placed that point to the main website the owner wants to rank higher. By doing this, the owner attempts to pass link equity (also known as “link juice”) from the PBN sites to the target website.
The purpose of a PBN is to give the impression that the target website is naturally earning links from multiple independent sources. If done effectively, this can temporarily improve keyword rankings, increase organic visibility, and drive more traffic from search results.
