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TikTok reportedly developing peer-to-peer payments via direct messages
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TikTok is developing a feature that would let users send money to each other through direct messages, according to Bloomberg, with code references found in the current U.S. iPhone app.
If released, this would extend TikTok Pay beyond its existing Southeast Asia e-commerce use case into person-to-person transfers, competing directly with Venmo and Zelle. The move mirrors a broader trend of social platforms entering financial services, following X's recent launch of X Money for P2P payments.
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Code references to the P2P payments feature were found hidden in the current version of TikTok's U.S. iPhone app, according to Bloomberg.
The feature would use TikTok Pay, which is already available in Southeast Asia for TikTok Shop purchases.
TikTok told Bloomberg the feature is not currently being tested, indicating early development with no confirmed release timeline.
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