TikTok is reportedly working on a feature that would let users send money to each other via direct messages.
Bloomberg reports that code in TikTok’s U.S. iOS app suggests it’s developing a peer-to-peer payment system for users. According to the uncovered code, senders will receive notifications regarding the status of their transactions, while receivers will be able to tap a button to accept incoming payments. Users will be able to attach messages to their transactions as well, keeping alive the well-worn tradition of sending cheeky captions with your Venmo transactions.
TikTok shoppers spent $50 billion in six months on the platform
The new feature will reportedly work through TikTok Pay, an in-app payment system for TikTok Shop that is only available in Southeast Asian countries such as Malaysia and Vietnam at present. The U.S. TikTok Shop currently accepts PayPal, Apple Pay, Google Pay, Klarna, and Affirm, as well as credit and debit cards.
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