Expanding Subscription Platforms Into New Regions
Subscription models offer companies stable, recurring revenue streams while providing consumers with convenient, cutting-edge solutions and cost-effective payment options. Multiple industries offer subscription services, from software and streaming services to groceries and luxury travel. Driven by widespread adoption, the subscription economy expanded by over 400% between 2012 and 2020.
Although subscription services can be a lucrative channel for payment providers, this model has its setbacks – especially for those looking to expand to other regions. As subscription providers grow into new markets, they must be aware of unique regional challenges, such as regional banking connections, areas of use, security and compliance requirements.
In this whitepaper, we explore the dynamic landscape of subscription services, the global growth of the subscription economy and the opportunities for expanding into new regions. We also explore common challenges and introduce practical solutions for achieving long-term success.
Download the full whitepaper to learn more.