Recently, the National Enterprise Credit Information Publicity System showed that Douyin Payment Technology Co., Ltd. (hereinafter referred to as "Douyin Pay") increased its registered capital from 0.15 billion yuan to 3.15 billion yuan. On January 6, a relevant person in charge of Douyin Pay stated that this capital increase is promoted according to the newly effective "Supervision and Administration Regulations on Non-Bank Payment Institutions" and has been approved by the regulatory authorities. The increase in capital helps Douyin Pay to conduct business more steadily and provides safe and convenient payment services for a wide range of users and merchants. After this capital increase, Douyin Pay's registered capital is only second to Tenpay, PayPal, and Du Xiaoman Pay. In March 2024, Tenpay's registered capital increased from 1 billion yuan to 15.3 billion yuan. In March 2023, PayPal was permitted by the People's Bank of China to increase its registered capital to 4.5 billion yuan. Du Xiaoman Pay's registered capital is 4 billion yuan. (Economic Observer Network)
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抖音支付回应增资30亿元：有助于更稳健地开展业务
Douyin Pay responds to the increased capital of 3 billion yuan: it helps to conduct business more steadily.
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