The first outbound tax refund service of cross-border payment is landing in Shenzhen nationwide.

On August 29th, the first outbound tax refund transaction through cross-border payment service was successfully launched in Shenzhen. It is understood that compared to existing methods of outbound tax refund remittance, the innovative application of cross-border payment service in the outbound tax refund scenario has significantly improved the tax refund experience for Hong Kong tourists, effectively promoting "secondary consumption", and has four major advantages. First, the procedures are simpler. Second, remittance is more efficient. Third, there are more currency options. Fourth, consumption is more convenient.