Core Insights - The collaboration between China UnionPay and Bank of China aims to enhance the payment environment for foreign visitors in China through an innovative tax refund service [1][2] - The new tax refund product integrates "immediate purchase and refund" and "port tax refund" services, creating a comprehensive service loop from "inbound consumption" to "outbound tax refund" [1][2] Group 1 - China UnionPay's Chairman emphasized the company's commitment to optimizing the payment environment for foreign visitors as part of the national open strategy [1] - The new tax refund service significantly improves the refund process and reduces processing time, responding to national policies aimed at boosting consumption [1][2] - The product allows foreign tourists to use various international bank cards, including UnionPay, Visa, Mastercard, JCB, and Diners Club, at designated refund service points [1] Group 2 - The integrated service provided through specialized POS machines allows for pre-authorization guarantees and tax refund settlements, greatly shortening the traditional refund time [2] - China UnionPay has established a global payment network covering 183 countries and regions, supporting international trade and cultural exchanges [2] - Future plans include deepening strategic cooperation with partners like Bank of China to enhance cross-border payment services and ensure the effective implementation of innovative services nationwide [2]
中国银联与中国银行联合推出离境退税创新产品