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TikTok is preparing a new payment feature that could allow users to send money to one another through direct messages. TechCrunch, citing Bloomberg, reported that evidence of the feature was found through an analysis of code in the latest iPhone version of the TikTok app. The feature has not been officially launched, and TikTok has not provided a timeline for its wider release.

Under the proposed system, recipients could accept a transfer by pressing a designated button. Users may also be able to attach short messages to payments. The service could use TikTok’s own payment system, which is already used for TikTok Shop purchases in several Southeast Asian countries.

TikTok has previously shown interest in financial services. A Reuters report in March said the company had sought permission to operate as a financial technology company in Brazil to offer lending and money-transfer services. The payment feature remains in experimental development, leaving its global rollout and initial availability by country uncertain.

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