Regulators – TouristPay

Regulators and boosting business

Many countries have local payment schemes (Troy in Turkey, or RuPay in India, and more to come), TouristPay aims to help these local payment schemes realize their full potential by presenting them to tourists and making them part of a new global e-wallet equipped with local payment facilities. Thus, creating a healthy environment for business to grow and for the country to present its tourists from all over with an authentic, safe, and above all, local experience that is sure to draw more tourists and in turn, more revenue for the local economy.

Reputation

The better the experience tourists have, the more likely they are to recommend a tourist destination in your country

VAT

Value-added Tax is exempt for tourists and they often claim it (or not bother to) as they're leaving the airport. How about we automate this arduous task?

Better Overview

When it comes to cash transactions, a lot of data is gathered with guesswork. How about getting a better read on what tourists are spending money on in your country?

Economic Boom

By helping local brands connect to the tourists that come from all over, you can boost your local economy!

Automating tedious manual tasks

Many tourists refrain from claiming VAT when leaving and end up using cash for most of their stay. Keeping track of their receipts, whether they were purchased during this trip, and many more factors can be made automatic by adopting certain policies that TouristPay can help regulators with. Also, by encouraging tourists to use a local digital wallet, regulators can access their spending data and learn of these habits much easier than by tracking cash spending.

Current card schemes around the world

There are several extant card schemes operating around the world, each with its own unique features. They enable secure and convenient electronic transactions across the country. This scheme facilitates international travel and commerce by providing a seamless payment experience. These card schemes play a crucial role in fostering global connectivity and economic growth by facilitating swift and reliable transactions, ultimately benefiting individuals, businesses, and economies alike.

Current card schemes around the world

Start with TouristPay

Want to know more?

Check out our blog with articles on how TouristPay’s role as a RegTech firm can help regulators around the globe maximize their local tourism economy’s potential