Douyin Pay will have card-binding discounts when you make your first payment, and sometimes there will be random instant discounts.

In August 2020, ByteDance, the parent company of Douyin, completed the acquisition of Wuhan Hezhong Yibao Technology Co., Ltd., successfully obtained a payment license, and applied for and won "doupay" and "Douyin Payment" "trademark.

Douyin payment is only the first step in ByteDance’s financial empire. Currently, Alipay and WeChat have tasted the sweetness of traffic in online small loans, financial management and insurance businesses, and Douyin’s current traffic is also Quite a few, if you get involved in the payment and small loan industries, there will be relatively large room for development.