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Recently, TikTok launched the buy now, pay later (BNPL) feature TikTok PayLater in Malaysia. In addition to the Atome integration implemented last year, its own BNPL system also provides longer installment options. It is reported that the feature seems to be still being rolled out in stages, and some Malaysian users have received trial invitations, but it is still not widely available to all users in Malaysia.

Recently, TikTok launched the buy now, pay later (BNPL) feature TikTok PayLater in Malaysia. In addition to the Atome integration implemented last year, its own BNPL system also provides longer installment options. It is reported that the feature seems to be still being rolled out in stages, and some Malaysian users have received trial invitations, but it is still not widely available to all users in Malaysia.

🌟Exciting news! 🌟 We're proud to announce our partnership with TikTok Shop, revolutionizing cross-border payments! 🚀 This strategic collaboration empowers TikTok Shop sellers to seamlessly collect payments across global markets, marking a significant milestone in facilitating cross-border transactions. Starting March, sellers can leverage our integrated payment solutions to streamline their global expansion efforts.🌐📈 With TikTok Shop's extensive reach boasting nearly 1 billion monthly active users worldwide and over 325 million in Southeast Asia alone, this partnership presents unparalleled opportunities for sellers to tap into new markets and drive growth. Through this alliance, PingPong Payments enables sellers to accept payments in various currencies, including US dollars and RMB, across key Southeast Asian markets such as Malaysia, the Philippines, Thailand, Vietnam, and Singapore. Furthermore, sellers will now have the capability to collect payments from cross-border sites in the United Kingdom and the United States, further enhancing their global payment collection processes. Shu Jianqin, General Manager of PingPong SMB Business Group, expressed enthusiasm about the partnership, stating, "Together with TikTok Shop, we aim to provide sellers with the foundational support necessary to capitalize on new opportunities and drive success in the global marketplace." PingPong Payments' unwavering commitment, demonstrated through our robust compliance network and strategic partnerships, has facilitated over $150 billion in cross-border transactions by 2023, ensuring seamless transactions across approximately 200 countries and regions globally. Stay tuned for more updates as we continue to redefine cross-border payments and empower sellers worldwide. Follow us on for the latest news and developments! #PingPongPayments #PingPong #TikTok #TikTokShop #PartnershipPower #CrossBorderPayments #GlobalCommerce

According to The Information, TikTok Shop's daily sales in the US have reached $10 million. From what I understand, the best-performing region for TikTok Shop globally is Indonesia, where it reached a daily average of $20 million in sales before being banned last year. Therefore, it can be said that Indonesia is the top-performing market for TikTok Shop, followed by the US.

TikTok vs. YouTube: The Battle for Creators 💥 YouTube is rolling out significant updates to its affiliate shop program, now available for creators in the U.S., South Korea, and Indonesia. Creators can tag products in their videos and live streams, earning commissions on the entire basket—not just the promoted item. 💰💰💰 Interestingly, these transactions occur off-platform, which contrasts with YouTube’s primary goal of keeping users engaged on-site. However, this shift signals YouTube’s recognition of the rise of social commerce and its need to remain competitive by offering multiple monetisation opportunities like those TikTok provides for its creators. As content and commerce continue to merge, both platforms are shaping the future of social commerce. But who will ultimately win the battle for creators? #ecommerce #socialcommerce #tiktok #youtube #creatoreconomy #futureofretail

TikTok - good for business, or a waste of time? A recent article from The Seattle Times highlights how TikTok boosted e-commerce in Indonesia. By shifting from a social entertainment platform to a dynamic marketplace, the app managed to tap into a key demographic and solve logistical challenges that had previously hindered e-commerce efforts in the region. What stands out is their innovative approach to integrating social commerce with local needs. By focusing on low-cost transactions and employing popular local creators, they increased their market share and set a new standard for how digital platforms can blend content, community, and commerce. Adaptability is powerful in business - especially when we pay attention to consumer behaviour and market conditions. There’s no doubt that the role of social platforms in global e-commerce has become critical in driving business growth and success. For companies looking to expand in emerging markets, TikTok’s success in Indonesia offers valuable lessons in understanding the unique needs of the region and adjusting the business model to suit them. Here’s the full article: https://lnkd.in/gwppsd_Z

ByteDance's eCommerce Strategy: A Shift Towards Profitability ByteDance, the parent company of TikTok, has been making waves in the eCommerce space. Recently, TikTok Shop reduced subsidies and increased commissions in many countries in Southeast Asia. This move has left many eCommerce ecosystem stakeholders puzzled. Is ByteDance reflecting its eCommerce strategy by prioritizing profitability over growth? The answer lies in the company's efforts to make TikTok Shop a sustainable business model. Stay ahead of the curve with Purple Cow's expert eCommerce solutions. Visit our website to learn more: www.purplecowservices.com Email us at info@purplecowservices.com Call us at +1 (914) 977 5459 #MUB #PCIS #PurpleCowServices #PurpleCow #eCommerce #DigitalMarketing #ByteDance #TikTok #eCommerceStrategy #Profitability #Sustainability

💡 TikTok Shop: Hard Entry, High Possibilities 💡 Entering the world of TikTok Shop, whether in the UK or USA, can seem challenging. Between strict verification processes, compliance with local regulations, and VAT (or tax) requirements, the barriers to entry are high. But here’s the silver lining: 📈 The potential is enormous. Yes, setting up your TikTok Shop account the right way might take more time, especially if you’re not a resident of the country. But with TikTok Shop still in its early stages, the opportunities for growth are unmatched. Fewer competitors and a rapidly expanding market mean sellers who set up correctly now have the chance to thrive. 💪 Why hard entry works to your advantage: It filters out those trying to take shortcuts, reducing competition. It encourages you to establish a solid, compliant foundation, which minimizes risks and ensures long-term success. TikTok is pushing Shop functionality, especially in emerging markets like the UK and US, meaning more visibility and growth potential for early movers. 🔍 If you try to take shortcuts - such as using fake IDs or buying pre-verified accounts - you run the risk of losing everything. TikTok frequently asks for re-verification, and if your account doesn’t pass, you could face a suspension or permanent ban. Setting things up properly from the start is the only way to secure your long-term success. ✨ The takeaway? The entry process is tough, but the rewards are worth it for those who are patient and follow the right steps. If you're facing challenges with compliance or setup in either the UK or US, feel free to reach out. I'm happy to help! #TikTokShop #Ecommerce #BusinessGrowth #Entrepreneurship #USA #UK #Compliance #HardWork #Opportunity

🚨 TikTok Ban in the U.S.? Major Changes Are Coming! 🚨 The Supreme Court's upcoming decision on TikTok has left businesses, creators, and agencies in a whirlwind. With over 170 million U.S. users and millions of businesses reliant on TikTok, this potential ban could disrupt industries across the board. So, what’s next? If you're an agency or creator seeking a sustainable, future-proof revenue channel, it's time to explore AlgoRift. Partnership with AlgoRift: https://lnkd.in/guBrbgJr 🌟 Why AlgoRift? Turn uncertainty into opportunity by empowering creators to grow with Amazon FBA. Access AlgoRift’s Lifetime Free Partnership Program for Agencies. Yes, FREE! Help your creators transition from volatile platforms to consistent growth using AlgoRift's affiliate and campaign management tools. 🚀 Join the Movement Before It's Too Late. partnership with AlgoRift: https://lnkd.in/guBrbgJr #TikTokBan #AmazonFBA #EcommerceInnovation #AlgoRift #AffiliateMarketing #CreatorEconomy

YouTube and Coupang team up for a new shopping program! 🛍️ - 🇰🇷 YouTube partners with Coupang for an affiliate shopping program. - 🛒 Korean creators can tag products in videos and earn commissions. - 🌍 The program launched in the US last year and now in Korea. - 📈 YouTube's popularity soared after launching YouTube Shorts in 2021. - 🏬 Future plans include unique online storefronts for creators. - 📊 Over 30 billion hours of shopping videos watched in 2023, with a 25% increase in watch time. ~~~ ✍️Will YouTube's new affiliate program boost Korean creators' earnings? ♻️ Reshare if this resonates with you. 💌 Subscribe to MarketMaze for more insights. Link in bio. #YouTube #Coupang #KoreanCreators