BlockBeats report, August 19: TikTok is developing a peer-to-peer payment feature that will allow users to send money to each other via direct messages, with evidence sourced from the U.S. version of the TikTok app code. The code indicates that the interaction design for this feature is already quite complete. Recipients can “tap to accept” payments before they expire, while senders can receive transaction status updates via push notifications or their inbox. The feature also supports adding messages to payments, similar to PayPal’s Venmo.
A TikTok spokesperson stated that the feature is currently not being tested in any market and remains in early development. TikTok Pay is currently available only in Vietnam, Malaysia, and Thailand for payments on TikTok Shop, and there is no guarantee that peer-to-peer payment functionality will ultimately be launched.
