Chinese Online Payment Systems – Douyin to create its own payment system

Feb 02, 2021 By NetFin

Douyin, the “China only” Tik Tok version, has launched a mobile payment system, called Douyin Pay, that will most probably compete fiercely with its counterpart Wechat Pay and Ali Pay.
ByteDance , the company owner of Douyin and Tik Tok, has entered e-commerce in China as Douyin users can purchase items by clicking on short videos that directs link them to a sales page for that item.
douyin logo
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