utu is excited to be participating in the upcoming TFWA (Tax Free World Association) ILAB booth in Cannes from 30 September to 3 October! There's a massive opportunity to transform Global VAT Refunds into Duty-Free Revenue. Unlock Duty-Free's hidden potential with utu. If you're attending TFWA in Cannes, visit us at the iLab at TFWA and learn how we can help your business. utu.global #TFWA #ILAB #Cannes #GlobalVATRefunds #DutyFree #RetailTech #utuglobal BW Confidential
utu
Financial Services
Singapore, Singapore 3,599 followers
🌎 World's first to transform your VAT refund into Frequent Flyer Miles. | up to 40% upsize across 50 countries | #utu
About us
utu is a travel technology company with a mission to transform the global travel experience for tourists. By introducing them to a world of rewards with higher VAT and GST tax refunds, they can get the most value out of their trips. We're on a mission to ensure everyone gets more from overseas tax-free shopping. By integrating tax refunds with the rest of the travel ecosystem, utu bridges the worlds of refunds and rewards. When shoppers use utu, they can upsize their VAT refund by converting it into Miles or a utu Privilege . Not only do we give shoppers their full refund, we top it up even further. utu allows global shoppers to upsize their refunds from any refund operator across 50 countries taking part in the tax-free shopping scheme, including France, Italy, Germany, Singapore, South Korea and the UAE. Shoppers can simply download the utu Tax Free app to receive a virtual utu Tax Free Card. By directing their refunds to the virtual utu Tax-Free card, sums can be upsized by 5% in cash or up to 40% in Frequent Flyer Miles. Our partners range from major airlines, retail stores and hotels. Founded in 2016, utu is a technology company with a unique travel industry heritage, steeped in tax-free shopping knowledge. The company’s leadership was pivotal in growing and selling the two currently leading refund operators to their present owners, when that business model was still relevant. utu is headquartered in Singapore and has offices in France, Italy, Thailand, Dubai and India. For more information, visit https://www.utu.global.
- Website
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https://www.utu.global
External link for utu
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Singapore, Singapore
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Technology, Mobile, Collaborative Economy, Loyalty & Rewards, Big Data, Marketing Services, Travel, Business Intelligence, VAT Refund, Tax-Free Shopping, Tourists, Holiday Shopping, and Miles
Locations
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Primary
Get directions
491B River Valley Road
Singapore, Singapore 248373, SG
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Get directions
Via Maurizio Gonzaga
Milan, Lombardy 20123, IT
Employees at utu
Updates
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utu and Avolta Partner to Revolutionize Tax Refunds for Travelers in Milan We're thrilled to announce a groundbreaking partnership with Avolta, a global leader in duty-free retail! Our pilot program empowers non-EU travelers departing from Milan Malpensa or Linate airports to transform their tax refunds into duty-free vouchers worth 25% more. Benefits for Travelers: - Unlock 25% more spending power at Milan Duty Free stores. - Enjoy a seamless shopping experience that connects city and airport retail. This innovative collaboration marks a significant step forward in enhancing travel rewards through tax refunds. Learn more about how we're redefining the travel retail experience here: https://lnkd.in/dNxuhtF2 #utu #Avolta #partnership #traveltech #innovation #taxrefunds #travelretail #dutyfree #Milan #airports #travel #VATrefunds
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🌍✈️ Instant VAT Refund Upsize with utu At utu, we've been enhancing your VAT refunds with airline miles, delighting travelers the world over. Today, we're excited to introduce our latest innovation that allows you to upsize your refunds instantly - no more app downloads or registrations required. We've harnessed AI and cutting-edge mobile browser capabilities to revolutionize the user experience. Get your VAT refund upsized quickly and easily using our web-based solution. Here's how: 1. Use the utu app or visit utu.tax to take a picture of any tax-free form before departing any EU or EEA country. 2. Our advanced AI model scans the form and offers you the option to purchase an airline miles voucher valued at 25% more than your VAT refund. 3. Receive your bonus miles in near real-time for most airlines. 4. Complete the regular VAT refund process at the airport. For our premium members, enjoy additional bonus miles over and above the 25% after 7 working days! 🚀 While this web app provides a quick and convenient way to upsize your refunds, we encourage you to download the utu app for an enhanced experience and additional benefits. Maximize your travel rewards effortlessly with utu! #TravelRewards #VATRefund #AirlineMiles #InnovativeTech #TravelSmart #utu
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Tax-free shopping is not merely a concept; we believe it should be a movement poised to reshape the landscape of travel retail. We believe this movement has the potential to create a win-win scenario for both travelers and businesses, ensuring that both maximize their value. A recent article in Sole 24 Ore underscores our pride at utu in driving this shift. It highlights our role as an enabler, aiming to build a thriving tourism retail ecosystem that benefits everyone involved. Our mission is to morph tax-free shopping into a rewarding experience; we strive to maximize the economic impact for host countries by developing tailored solutions that empower local businesses. We do this through a belief that refunds leaving a country should be retained within, incentivizing tourists to get more and enhancing the local shopping ecosystem. The vision of enriching visitor experiences while simultaneously supporting local enterprises is already taking shape through partnerships like our collaboration with Coccinelle, where we're unlocking the full potential of tax-free shopping through rewards. Join us as we redefine the travel experience, making it more rewarding for all. https://lnkd.in/gXSrW-AK
Il considerevole flusso di valore proveniente dai rimborsi dell'IVA nell’ecosistema del #taxfreeshopping può essere trattenuto all'interno del paese in modo vantaggioso, per stimolare ulteriormente vendite da parte dei #retailer prima della partenza dei turisti. È sensato attuare iniziative a sostegno dell'economia locale al fine di trattenere oltre 600 milioni di euro che altrimenti uscirebbero dall'Italia, ma come? #utuprivileges
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Exciting Partnership Announcement with Priority Pass! We’re thrilled to announce our strategic partnership with Priority Pass, the world’s original and market-leading airport experiences program! With this partnership, Priority Pass retail members can now enjoy exclusive tax-free shopping benefits on purchases abroad. Members can simply log in to their Priority Pass membership via the Priority Pass app and navigate to the Travel Services section to sign up for an utu account and start using your utu Tax Free Card to receive a bigger refunds! ! Here's to Priority Pass members unlocking a new level of travel perks with utu! #PriorityPassxutupartnership #TravelPerks #ExcitingAnnouncement #utupartnerspotlight #rewardsforyourtravels #utu
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Imagine this: You've just completed your tax-free purchase, and then be able to use your expected VAT refund amount to INSTANTLY purchase a ~40% discounted merchandise voucher, and then get another 40% in upsized airline mileage program points on the refund from the entire transaction. Well, people, this is now a reality with utu. We've changed the world of tax-free shopping!
🌟 Exciting News in Tax-Free Shopping! 🌟 Just had an incredible experience testing utu Privileges in Italy - a revolutionary tax-free shopping product that adds more to shops and shoppers. 🛍️ Spent €298, paid €53.74 in VAT. 😐 VAT refund to be received is only €35.50 (66% refund). 💸 Used the VAT value of €35.50 to buy a voucher worth €64.49 instantly with utu Privileges. 🎉 Used the voucher, spent €95.49 on more shopping. But wait, there's more! 🌐 utu Privileges is now available in Italy and Thailand with UAE, Singapore and Turkiye launching early 2024. In addition, going through the usual tax-free process at the airport I turned my refund into 40% more in frequent flyer miles with the utu Card. 🚀 Happy to share this game-changer with fellow shoppers. #utuPrivileges #TaxFreeShopping #VATrefunds
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