TikTok in talks with regulators over Indonesia payments license

News from this site on August 4, according to Reuters, TikTok is in early negotiations with regulators to obtain a payment license from Indonesia, aiming to promote its e-commerce layout in major markets.

TikTok CEO Shou Zi Chew announced in June that the platform planned to invest dozens of dollars in Indonesia and other Southeast Asian regions, according to people familiar with the matter. One hundred million U.S. dollars. TikTok is currently in active dialogue with the Indonesian central bank, and the app has received high praise. A TikTok spokesperson confirmed on Friday that negotiations were ongoing, adding that "the Indonesian payment license will help the platform local creators and sellers.”

According to Reuters, obtaining a payment license will allow TikTok to directly compete with Southeast Asian e-commerce giants Sea’s Shopee and Alibaba’s Lazada

TikTok has 125 million monthly active users in Indonesia

, which is the same number of users in Europe and not far behind the 150 million users in the United States.

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