utu Acquires CardsPal in $33 Million Deal to Revolutionize Global Tax-Free Shopping

Emmanuel Oyedeji -

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.