ByteDance introduced Douyin Pay as a third-party payment service for the Chinese version of TikTok.
Entrepreneur’s New Year’s Guide
Let the business resources in our guide inspire you and help you achieve your goals in 2021.
1 min read
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