Douyin Now Supports Alipay’s QR Code for Payment

ByteDance’s quick video app Douyin has begun supporting Alipay’s assortment code, a cellular and on-line fee platform, to complete funds, although the perform will not be obtainable for Tencent‘s tremendous app WeChat simply but, Tech Planet reported.

It isn’t a surprise that Douyin now helps third-party fee by scanning QR codes. As TikTok’s sister app in China, Douyin’s enterprise scope has expanded to e-commerce and every day life companies.

Currently, customers’ on-line code scanning is especially for eating and procuring funds. Previously, it was reported that Douyin supported scanning QR codes to order meals. The newest transfer permits Douyin customers to finish ordering meals and paying on the platform with out opening different apps.

Although Douyin has not but launched its personal fee QR code, as its enterprise grows, the chance cannot be dominated out.

Douyin boasts benefits in site visitors and algorithms, which have helped enhance the publicity of shops and retailer customers’ preferences. Douyin is now leveraging these benefits to supply every day life companies, together with meals, clothes, housing, and transportation. On the homepage of meals supply big Meituan, 44 every day life service sections are subdivided, masking take-out, retail guide, parent-child and so forth.

SEE ALSO: Tencent Launches Cross-Border Payment Platform for E-Commerce Business

A report from Douyin in January 2023 revealed that its every day life service enterprise had achieved an annual GMV of 77 billion yuan ($11.2 billion) in 2022, masking 370 cities and over a million retailers. However, in line with a pattern survey carried out by Zhongtai Securities, the variety of retailers settled in Douyin accounted for solely 34%, 26%, and 10% of these in Meituan in three enterprise districts.

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