Douyin, the Chinese version of popular short form video app, TikTok, just added online payments to the app. Reuters reports that the company is busy expanding into e-commerce, as Douyin Pay (Douyin Zhifu) has been added to the app’s options. Other payment tools on Douyin include WeChat Pay and Alipay. Users can, for instance, receive a cash-filled electronic red packet from a Douyin campaign and deposit that cash to their bank accounts. Douyin Pay (Douyin Zhifu) has been added to the app’s options. “The set-up of Douyin Pay is to supplement the existing major payment options, and to ultimately enhance…
TikTok’s Chinese version Douyin adds payments app