ByteDance payment service launches in China through Douyin

ByteDance payment service - paying via mobile phone

The TikTok parent company is using this as its next step into fintech and mobile commerce. The company behind TikTok has announced a new ByteDance payment service launched within Douyin, the Chinese version of the popular short video sharing app, which it also owns. The Douyin Pay option can be used to transact purchases within the video sharing application. The ByteDance payment service is in the form of Douyin Pay on the short video app. This makes it possible for creators to more easily sell merchandise or other items related…

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