WeChat Pay, Alipay form tax refund partnership
Chinese mobile payment giants WeChat Pay and Alipay have teamed up with tax refund firms with the aim of easing the tax rebate process for Chinese tourists at airports.
WeChat Pay late last month partnered Switzerland-based tax refund company Global Blue to provide instant tax refunds for Chinese tourists departing Madrid airport.
A similar service was rolled out using Alipay at Singapore’s Changi Airport.
Users of the service can get their tax refunds settled in Chinese yuan and sent instantly to their WeChat wallet or Alipay accounts after their tax refund forms are processed.
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