TikTok Explores Peer-to-Peer Payments in Direct Messages, Pushing Deeper Into Fintech
The feature would let users send money in direct messages through TikTok Pay, with code showing tap-to-accept payments and message notes.
- On Tuesday, Bloomberg reported that code in TikTok's U.S. iOS app suggests the company is developing a peer-to-peer payment feature allowing users to send money via direct messages.
- By introducing peer-to-peer payments, TikTok would compete with services like Venmo and Zelle, extending its business model beyond social media into financial services.
- The code suggests recipients can "tap to accept" payments before expiration, with senders able to include messages similar to PayPal Holdings Inc.'s Venmo service.
- A TikTok spokesperson told Bloomberg the feature is not currently being tested, though it would reportedly use TikTok Pay, available for TikTok Shop purchases in Southeast Asia.
- Social media competitors are increasingly integrating financial tools; X recently launched X Money, while Beijing-based ByteDance has previously implemented similar capabilities within its Chinese platform, Douyin.
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39 Articles
TikTok Explores Peer-to-Peer Payments in Direct Messages, Pushing Deeper Into Fintech
TikTok is building a way for users to send each other money inside direct messages, Bloomberg reported Tuesday, citing code buried in the current release of its US iPhone app. A company spokesperson told the outlet that nothing is in testing in any market, placing the work at an early stage with no commitment to ship. The code describes a familiar consumer flow. A recipient would “tap to accept” a transfer before it expired, the sender would get…
La Nación, Grupo Nación
TikTok prepares a new feature that will allow its users to send and receive money through direct messages, in the style of services like Venmo or Bizum
TikTok is building peer-to-peer payments in DMs
TikTok is working on a way for users to send each other money inside direct messages, according to Bloomberg. The feature would run on TikTok Pay, the app’s existing payment system, Bloomberg reported. Natalie Lung and Alexandra Levine wrote that references to it sit in code hidden in the current version of TikTok’s US iPhone […] This story continues at The Next Web
TikTok Peer-to-Peer Payments Via DM Launch Soon; Check Expected Key Features | 📲 LatestLY
TikTok is developing a peer-to-peer payment feature for direct messages. According to a Bloomberg report, hidden app code reveals plans for tap-to-accept transfers using TikTok Pay. While not yet in active testing, the move highlights TikTok's wider expansion into financial services to compete with apps like Venmo. 📲 TikTok Peer-to-Peer Payments Via DM Launch Soon; Check Expected Key Features.
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