Users can now select Douyin Pay in order to make purchases within the app for merchandise and items associated with its videos. “The latest push into both e-commerce and financial technology, or fintech, highlights ByteDance’s desire to expand beyond social networking,” according to the article.
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ByteDance Launched Payments Function Thru Douyin As It Continues Foray Into Fintech
ByteDance, which is owned by TikTok, is launching a new payment service. The new service will operate under the purview of Douyin, which is the Chinese version of the video-sharing TikTok app. So reports CNBC.
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