In today’s increasingly globalized economy, the ability to accept payments from international customers is more important than ever. As the world becomes more interconnected, businesses that can tap into global markets stand to gain significant revenue growth. That's why we're excited to announce EkiKart's new collaboration with Discover ® Network—giving businesses across various industries the power to accept international cards from markets like Brazil, India, and Turkey. This opens doors to untapped revenue streams, providing both growth and opportunity in the competitive retail landscape.
A Massive Revenue Opportunity: International Card Acceptance
In March 2024 alone, international visitors spent $20.1 billion in the U.S. on travel and tourism-related activities, marking a 22% increase from the previous year. {Source: https://travelbiznews.com/usa-international-visitors-spent-20-1-billion-in-march-2024} {Source: https://eturbonews.com/foreign-tourists-spent-20-1-billion-in-us-in-march-2024}
For businesses, this represents a massive untapped market waiting to be served. Through EkiKart’s integration with Discover Network, companies can now accept payments from global card networks such as UnionPay (China), RuPay (India), and Elo (Brazil). This means businesses can attract high-spending customers from the world's most populous and economically active regions, increasing both foot traffic and sales potential.
U.S. States with the Largest Opportunity
Some states are better positioned than others to benefit from international tourism and cross-border spending. States like California, Florida, New York, and Nevada are known for attracting a significant number of international tourists. This presents a unique opportunity for businesses in these states to capitalize on the rising trend of global visitors and enhance their revenue by offering payment options that cater to international travelers.
For businesses in these states, EkiKart’s collaboration with Discover Network provides an easy, seamless way to expand their customer base by accepting international cards. Whether it’s a retail operation, a luxury retailer, or a restaurant, offering global payment options is an effective way to tap into new revenue streams.
Bridging the Gap for Businesses in Africa
Beyond the U.S., this collaboration offers a world of possibilities for businesses in Africa. EkiKart is bringing the power of global payment acceptance to companies across the
continent, opening up international markets for businesses looking to expand their reach. By enabling businesses to accept cards from emerging markets like Brazil, India, and Turkey, African companies can broaden their customer base and increase sales potential in an increasingly globalized world.
Introducing the EkiKart Passport Terminal
To further support this global expansion, we’re excited to launch the EkiKart Passport Terminal on June 10th. This all-in-one solution combines the ability to accept international card payments, crypto payments, alternative payment methods, and even SKUPay—all in a single device. The Passport Terminal is designed to help businesses stay ahead of the curve by providing a future-proof solution for the growing demand for multiple payment methods.
The Passport Terminal is particularly valuable for industries such as e-commerce, luxury goods, travel & hospitality, healthcare, and restaurants. With its ability to process payments from global cards, crypto, and APMs, the Passport Terminal allows businesses to serve more customers and capture higher sales across various revenue streams. The combination of international card acceptance and cutting-edge features makes it the ideal tool for businesses looking to grow and stay competitive in an increasingly digital and global marketplace.
The Bottom Line: Increased Revenue from New Markets
With EkiKart’s global payment capabilities and the EkiKart Passport Terminal, businesses can unlock new revenue opportunities from international tourism, cryptocurrency payments, and alternative payment methods. The Passport Terminal isn’t just about increasing the variety of payment methods—it’s about increasing sales potential, foot traffic, and customer satisfaction across multiple markets, both local and global.
We’re thrilled to offer our partners the tools to help their clients expand into new markets and thrive. Whether businesses are serving international customers or embracing the digital payment revolution, EkiKart provides the solution they need to stay competitive and future-proof their operations.
Stay tuned for the launch of the EkiKart Passport Terminal on June 10th and be part of this exciting opportunity for growth and expansion. If you're interested in learning more or have any questions, don’t hesitate to reach out. Let’s work together to help your business grow and succeed.
Sources: https://eturbonews.com/foreign-tourists-spent-20-1-billion-in-us-in-march-2024 https://www.trade.gov/feature-article/march-2024-international-inbound-visitor-spending?
