Day: January 19, 2021

The Owner of TikTok Launches Its Electronic Payment Service

ByteDance introduced Douyin Pay as a third-party payment service for the Chinese version of TikTok.

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This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


Chinese company ByteDance launched a third-party payment service for the Chinese version of its short video app TikTok on Tuesday . The mobile payments platform, under the name Douyin Pay , is part of the company’s strategy to strengthen its fintech and e-commerce presence in China.

“The launch of Douyin Pay is to complement the main existing payment options and improve the user experience in Douyin,” the firm said in a statement .

Douyin Pay currently has 600 million assets per day, according to Reuters reports, being the third most

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