UnionPay International has teamed up with Switzerland-based tax free shopping specialist Global Blue to upgrade its UnionPay Tax Refund Service.
The collaboration will enable the UnionPay credit card cardholders to receive early refunds in stores or at Global Blue’s downtown outlets after shopping in approximately 20 nations and regions in Europe and Asia.
The upgraded tax refund service is available in Europe and Asia, including France, Germany, Italy, Spain and South Korea, among others.
The Chinese interbank payments platform said that the new service will be gradually launched to all Global Blue affiliated merchants across the globe.
After spending a certain amount, shoppers may get a tax refund form from the merchant. The shoppers need to fill in their name and passport number in tax refund application form and use UnionPay credit cards as a guarantee.
Shoppers can opt for any one refund options available. Under the first option, the tax is deducted directly from the sale, the second option is to get early refund at an in-store refund counter or a Global Blue Downtown Refund point. The refunds will be in cash or transferred directly to their UnionPay credit cards.
Global Blue does business with more than 300,000 affiliated department stores, brand stores and hotels across 51 countries.