You shop abroad.
A souvenir. A suit. A coffee machine.
Your receipt includes VAT.
But claiming it back is painful.
The result
Most tourists never bother. So —
billions
of euros go unclaimed. Every year.
Tap your card. Freda does the rest.
The refund lands back on your card.
A better deal for everyone
Tourists keep most of their VAT.
Everyone who makes it work earns a share. The state holds a buffer against misuse.
Tourist
Freda
State buffer
Retailer
Card network
Freda.
VAT refunds, on autopilot.