TikTok code reportedly includes peer-to-peer payments through messaging, signaling a deeper push into financial services despite no current testing

Code in TikTok's U.S. iPhone app points to a feature letting users send and receive money via direct messages, with recipients able to "tap to accept" payments before an expiration date and senders notified of transaction status, Bloomberg reported. A spokesperson said the feature is not currently being tested anywhere, suggesting early-stage development. Parent company ByteDance, valued at over $550 billion, has pursued financial services since at least 2021, launching Douyin Pay in China for bank-linked purchases, livestream shopping and tips, and TikTok Pay with the same features in Thailand, Vietnam and Malaysia.

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