New GCash transaction limits to take effect on May 10
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| File photo: GCash |
GCash policies updated
GCash has announced new transaction limits for sending and receiving cash, which will be implemented starting May 10.
Citing a GCash statement, an ABS-CBN report said that the platform will soon allow its users to send money 550 times, and receive 500 times.
This is different from the wallet limit, which sets limitations to the maximum amount a user can send and receive monthly.
The transaction limit resets monthly. Users who always reach their limit were encouraged to upgrade to a GCash Pera Outlet account.
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Prior to this, GCash has announced it was limiting send money transactions up to May 12 to prevent the platform from being used for vote buying. This was also in line with the COMELEC's "Kontra-Bigay" Resolution.
What do you think guys?
Via: ABS-CBN
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