TikTok is exploring feature to send money over direct messages
Social media apps are expanding their business models into commerce to capture more consumer data and spending
TikTok is reportedly developing a feature that would enable users to send money directly through the app's messaging system, potentially expanding the platform's reach into the financial services sector. This proposed functionality would leverage TikTok Pay, an existing service already operational in Southeast Asia. The code within the current version of TikTok's U.S. iPhone application hints at several key aspects of this feature.
Receivers would be able to "tap to accept" payments upon receipt, provided they are sent before an expiration date. Meanwhile, senders would receive updates about the transaction status through push notifications or direct messages. The feature also implies the possibility of attaching a personal message to the payment, akin to the captioning feature found in PayPal's Venmo service.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- TikTok is exploring feature to send money over direct messages japantimes.co.jp
