TikTok, the short-form video media platform, plans to incorporate a payments license in its Indonesian operations to expand its South Asian presence. Obtaining the payments license will permit TikTok to better compete with the region’s other e-commerce giants, and directly benefit Indonesia-based creators and sellers while simultaneously establishing a unique e-commerce company for Chinese goods in the US.
TikTok to Obtain Payments License in Indonesia to Expand its South Asia Presence
