Ren Min Wang·2025-11-11 01:46Core Viewpoint - China UnionPay and Bank of China launched an innovative tax refund service for outbound tourists during the China International Import Expo, aiming to enhance the payment experience for foreign visitors and support China's open economy strategy [2][3][4]. Group 1: Innovative Service Model - The newly launched tax refund service integrates "immediate purchase and refund" and "port tax refund" scenarios, creating a complete service loop from "inbound consumption" to "outbound tax refund" [3]. - Foreign tourists can use various international cards, including UnionPay, Visa, Mastercard, JCB, and Diners Club, at designated tax refund service points [3]. - The service utilizes specialized POS machines provided by UnionPay Business, allowing for integrated pre-authorization and tax refund settlement, significantly reducing the time for refunds to be credited back to cards [3]. Group 2: Deepening Industry Collaboration - China UnionPay is enhancing its global payment network, which now covers 183 countries and regions, supporting international trade and cultural exchanges [4]. - The tax refund service reflects China UnionPay's commitment to its "payment for the people" philosophy and its role in facilitating high-level openness in the economy [4]. - Future plans include further collaboration with Bank of China and other partners to improve cross-border payment services and ensure the effective implementation of innovative services nationwide [4].