The owner of TikTok started own payment service

The Chinese company owning the popular TikTok video service ByteDance started mobile payment service for the Chinese TikTok version under the name Douyin. It is reported that thus ByteDance intends to expand the business on electronic commerce in China. Meanwhile new payment service is available only in the territory of China. It supplements Alipay and WeChat Pay which were earlier the only options of payment for goods and services, offered Douyin — the Chinese TikTok version. Creation of Douyin Pay serves as support to already existing payment opportunities and service improvement for...