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Exclusive: TikTok in talks to gain Indonesian payments licence

August 6, 2023
Source: reuters.com reuters.com
News Snapshot:
: TikTok logo is seen in this illustration taken, June 2, 2023. REUTERS/Dado Ruvic/Illustration/ FILE PHOTO JAKARTA, Aug 4 (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 U.S. 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. Two sources briefed on the...
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