Brazilian financial technology company Ebanx is expanding operations to India, marking its entry into the Asian market ahead of plans to eventually launch an initial public offering (IPO), the firm said on Monday. The move is part of the company's global expansion strategy in developing countries and comes shortly after it announced its move into three nations in Africa last year, the first outside Latin America. Ebanx will enable global merchants to offer Indian customers the most popular local payment methods, starting with the local payment system Unified Payments Interface (UPI) and cards, it said.
The best part about this model is the cost: Consumers can stream unlimited music, movies, and television shows for a monthly subscription fee lower than what they used to pay for one CD album or one movie on a DVD! While streaming companies have already created enormous value for investors, it's clear this business model is the way forward, so further gains are likely over the long term. Here's why Netflix (NASDAQ: NFLX) and Spotify Technology (NYSE: SPOT) fit the bill.
"Funflation" is in full force as live events boom amid a turbulent time in the entertainment industry.