TikTok in talks to gain Indonesian payments licence

TikTok has 125 million Indonesian users per month - on par with its user figures for Europe and not too far behind the US. - Reuters

JAKARTA (Reuters): TikTok told Reuters it is in early-stage talks with regulators to obtain a payments licence in Indonesia, a move that would further its e-commerce ambitions in a major market at a time when it is under intensifying scrutiny in the US and elsewhere.

The news follows an announcement by TikTok CEO Shou Zi Chew in June that the short video platform would invest billions of dollars in Indonesia and the rest of Southeast Asia.