TikTok is reportedly laying the groundwork to enter the peer-to-peer payments sector by developing a feature that would allow users to send money directly through direct messages. Code found inside the latest U.S. iPhone app points to early development efforts that could leverage the platform’s existing TikTok Pay infrastructure.
The upcoming capability is designed to function similarly to popular payment services like Venmo, letting senders attach notes to transfers and recipients easily accept funds with a simple tap. Although the social media giant insists that public testing is not currently underway, the move highlights its ongoing evolution beyond short videos into an all-in-one digital hub.
Should the feature see a commercial rollout, TikTok will directly challenge established financial apps and follow in the footsteps of platforms like X, which has already introduced similar money-transfer options. No official timeline has been announced for its release.
- App code reveals early development of P2P money transfers through direct messages.
- Potential integration with the platform’s existing TikTok Pay framework.
- User experience modeled after Venmo with message attachments and tap-to-accept.
- Part of a broader push by social media giants into financial technology services.
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