TikTok is expanding its LIVE Subscription feature to support both live-streaming and non-streaming creators, currently being rolled out in select countries, with plans for further expansion.

This service enables creators to offer dedicated followers exclusive perks and access to a members-only community for a monthly fee, enhancing audience engagement and providing creators with a new revenue stream.

Due to strategic challenges, ByteDance will close its global music streaming service, TikTok Music, by November 28, 2024.

Unfortunately, the platform struggled to secure music catalogs from major labels and faced setbacks like Universal Music Group stepping back over royalty issues. ByteDance is now looking to switch gears and focus on enhancing how we discover music within TikTok. They’re even introducing fun features like "Add to Music" to make it easier to enjoy tracks across different streaming services, focusing more on collaboration than competition!

PayRetailers, a payment processor based in Latin America, is expanding its services into 12 African countries, including key markets like Kenya, Cameroon, and Ghana. This move aims to provide tailored, user-friendly, and scalable payment solutions to businesses across the continent.

PayRetailers combines advanced technology with local payment systems to deliver seamless e-commerce solutions, enabling businesses to efficiently expand their operations in new regions.

India is actively connecting with various African nations, such as Namibia and Rwanda, along with some countries in South America, to introduce digital payment systems based on its Unified Payments Interface (UPI). The National Payments Corporation of India (NPCI) is excited to roll out UPI in these regions by early 2027 through its international wing, NPCI International Payments Ltd (NIPL).

The Fintech Islands Experience (FiX), the Caribbean's go-to global fintech conference, is teaming up with the Ghana Fintech and Payments Association (GFPA) to build bridges between the fintech communities in Africa and the Caribbean.

FiX25 is all about boosting African representation at the event and encouraging collaboration and innovation between our regions. This effort is in line with the exciting global growth of fintech services, as highlighted in a report from the World Economic Forum, which found that 57% of fintech companies surveyed are operating across various jurisdictions.