TikTok owner ByteDance rolls out electronic payment service

Tiktok, a Chinese short video application has launched a third-party payment service. Since the app is becoming more and more popular worldwide, it is being used to showcase every single aspect of various industries. From creative short stories to brand promotions and the fashion industry, everyone is using Tiktok as a promotional platform for their businesses.

The payment method is only available in China currently and is very similar to many other Chinese online payment platforms. The app, called Douyin Pay, will be linked to the bank accounts and users will be able to purchase from a seller on the platform. It will also allow users to tip the content creators.