In 2024, competition across all industries will increase, and brand recognition and differentiation will need to be clearer than ever.
While many companies drive significant sales volume in the United States and Europe, markets such as Southeast Asia, the Middle East, Africa, and Latin America offer the potential for even greater sales volume growth, especially for organizations that sell digital goods. there is.
The opportunity to increase profits through the globalization of business has never been greater. In fact, this does not mean that companies need to sacrifice a local approach, but rather an opportunity for companies to experiment with new models such as subscriptions, pay-as-you-go, and activated trials in different market conditions.
Challenges of global expansion
Of course, any business aiming to go global can present its own set of challenges. This is not a feat that can be accomplished alone.
Execute global business expansion with a timely, qualitative and controlled risk approach by validating local or cross-border approaches, providing local PSP ID, establishing onboarding and KYC processes, and establishing local tax registration. You need the support of a partner who can support your business by managing and hiring locally. customer support.
Additionally, for companies taking a buy-and-build approach to expansion, the need to master basic operational elements can delay the go-live date of a business in a new jurisdiction and expose it to legal and compliance risks. It may be possible to connect.
To overcome these myriad expansion challenges, companies can rely on a single trusted partner to help them operate in all markets, while maintaining multiple integrations with local partners. This avoids the potential risks of default and unchecked defaults.
With one partner, companies have better control over brand consistency, controlled product image, and appropriate pricing strategies.
Operating since 2002, Nexway not only acts as an all-in-one solution provider, but is also a leader in full-spectrum consulting by offering a variety of integrated services.
next way effect
Nextway’s services range from global payment acceptance to subscription processing and tax management, from marketing and sales to CRM, customer support, and legal and compliance solutions.
These solutions help businesses expand into global markets while leveraging time and capital.
With Nexway Merchant of Record, companies get a practical solution to go to market around the world while leveraging local expertise in all aspects of online sales management.
Nextway allows you to create entire e-store experiences in just a few days and integrate them directly into your partner’s website, allowing customers around the world to purchase your products and services.
To help companies overcome R&D roadmap rigidities and operational limitations, Nexway runs our partners’ businesses on their behalf, giving them complete control.
