MANILA -- GCash has updated its transaction limits for sending and receiving cash, which are due to take effect on May 10.

In a statement, GCash said users can now send money 550 times, and receive 500 times.

The e-wallet said the Express Send transaction limit only refers to the number of send and receive transactions, and is different from the wallet limit, which is the cap on the maximum amount that a user can send and receive monthly.

GCash said the Express Send transaction limit resets monthly. Once the limit is reached, users have to wait until the next month to make another transaction.

Users who keep hitting their transaction limits are encouraged to consider upgrading to a GCash Pera Outlet account.

Last month, the Ayala-led fintech also said it was limiting 'send money' transactions up to May 12 to prevent the platform from being used in vote buying.

GCash said it was imposing a limit on the daily transactions of users in compliance with COMELEC "Kontra-Bigay" Resolution.

The company said some users may be unable to complete transactions due to this temporary daily limit.

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