utu Acquires CardsPal in $33 Million Deal to Revolutionize Global Tax-Free Shopping
The travel industry has rebounded after the pandemic, with the World Travel and Tourism Council (WTTC) forecasting a recovery to 95% ($9.5 trillion) of pre-pandemic levels by 2023.
But, the tax-free shopping sector has lagged behind in innovation, and the high cost of refund processing has limited the benefits for travellers.
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