Baku 18° C
TikTok may introduce money transfer system
ICT
- 19 August, 2026
- 09:09
Add Report.az to preferred Google sources
Stay up to date with the top news!
TikTok is exploring the possibility of launching a money transfer feature that would allow users to send funds to one another directly within the app, according to Bloomberg, cited by Report.
The new feature could be developed using TikTok Pay technology, which currently operates exclusively in Vietnam, Malaysia and Thailand and is intended only for purchasing goods through TikTok Shop.
The launch of such a tool would allow TikTok to keep users within its ecosystem and generate additional revenue from transactions, Bloomberg notes.
The report also highlights that users have spent more than $2.9 billion through TikTok services so far this year.
"TikTok" pul köçürmə sistemini istifadəyə verə bilər
В TikTok может появиться система денежных переводов
Latest News
18:42
Chinese FM pushes for dialogue to resolve Middle East conflict
Other countries
18:17
Photo
Azerbaijan, CSCEC International discuss joint industrial park
Industry
18:06
Photo
Azerbaijan, Japan to expand political dialogue, co-op
Foreign policy
18:04
Lubinets: Kyiv and Moscow agree not to disclose number of people evacuated from Oleshky
Other countries
17:58
Ukraine to establish center for civilians returning from occupied territories
Other countries
17:52
Hungarian Defence Ministry: Wizz Air flight makes emergency landing in Budapest over bomb threat
Other countries
17:46
EU, UK yet to agree on London's participation in SAFE
Other countries
17:41
UK, EU mull deeper co-op, rejoining not on agenda
Other countries
17:32
Mobile devices make up over 65% of Azerbaijan's electronics market in October
ICT