American Express

“The five largest holdings… were American Express Company, Apple Inc., Bank of America Corporation, The Coca-Cola Company and Chevron Corporation,” stated the first quarter report released by the company.

World Street | American Express earnings beat, AI giant Genesys prepares for IPO, UBS offloads Swisscard stake, and more

From Disney's management rejig to Jeff Bezos-backed Perplexity AI's fundraise plans, here's a look at some of the major developments from across the world.

American Express Platinum Card revamped: Enhanced benefits, but fees higher too

American Express has introduced new benefits for its premium credit card holders such attractive renewal offers and expanded hotel partnerships, but has rolled back certain other privileges, besides increasing the annual fee to Rs 77,800, including 18% GST.

American Express to open state-of-the-art campus in India as it ramps up presence in the region

American Express already maintains facilities in Gurugram, Delhi, Mumbai, Bengaluru, Chennai, and Pune.

American Express to open one-million sq feet campus in Gurugram

The company has additional facilities in Gurugram as well as in Delhi, Mumbai, Bengaluru, Chennai, and Pune.

American Express opened its largest lounge in Atlanta

American Express (AmEx) has opened its largest-ever Centurion Lounge at Hartsfield-Jackson Atlanta International Airport (ATL), the busiest airport in the world.

77% of Indian businesses to increase travel budget in 2023: American Express survey

The survey also shows how important technology has become for the travel sector, with 79% of businesses surveyed using business travel data analytics to assist with travel booking and expenditure.

American Express launches products for small businesses

The services, called Business Blueprint, stem from the credit card giant's acquisition of fintech Kabbage in 2020. American Express had been offering small business lines of credit and other services under the Kabbage moniker, but now it will replace those with a suite of products — from a cash flow management hub to business cards and lines of credit — under the name American Express Business Blueprint.

American Express to hire 1,500 tech staff by year-end even as recession looms

The new hires would fill up roles such as data scientist, software engineer and others by the end of the year. The company has already brought in around 3,600 tech employees this year, a spokesperson for the credit card giant said in an emailed statement.

Reserve Bank of India lifts business restrictions imposed on American Express

RBI had, by order dated April 23, 2021, imposed restrictions on American Express Banking Corp. from on-boarding new domestic customers onto its card network from May 01, 2021

American Express suspends operations in Russia, Belarus

AmEx cards issued locally in Russia by the country's banks will also no longer work outside of Russia. Globally issued American Express cards will no longer work at merchants or ATMs in Russia, the company said in a statement.

American Express may partially resume India business from August 7: Report

The RBI had on April 23 banned American Express banking Corp and Diners Club International from onboarding new card customers from May 1 for not complying with the directions on storage of payment system data

RBI restricts American Express and Diners Cards from on-boarding new credit card customers

These entities have been found non-compliant with the directions on Storage of Payment System Data. This order will not impact existing customers, the RBI said.

American Express completes 100 years in India: Interview with Amex India CEO Manoj Adlakha

American Express marks 100 years of operations in India this year. From a travel office in Kolkata in 1921 to introducing the first rupee-denominated credit card in 1992, it's been a long journey. Amex India CEO Manoj Adlakha spoke to Moneycontrol's Chandra R Srikanth on the impact of UPI QR on card spends, if credit cards are here to stay and if tap-based card payments will be a huge factor to revive the segment going forward.

American Express launches 'Shop Small' in India to help small retailers tide over COVID-19 impact

The initiative is aimed at small and medium-sized merchants across Delhi, Mumbai and Bengaluru, covering retail shops, healthcare services, restaurants and hotels

COVID-19 pandemic | Merchant services on the road to recovery

In an interaction with Moneycontrol's Deputy Executive Editor Gaurav Choudhury, American Express, India's Head of Global Merchant Services Anurag Gupta speaks about the disruptions in merchant services due to the COVID-19 lockdown.

American Express pledges Rs 9 crore to combat COVID-19 outbreak in India

"Rs 9 crore has been committed in various forms of financial support to back the tireless work of those on the front lines of this global crisis," the company said in a statement.

AmEx appoints Megha Chopra as GM and VP of Global Commercial Services India

Chopra will be responsible for leading the company’s commercial services business, providing payment solutions to corporates throughout India

For American Express, Data Science is in the company’s DNA

AI and ML are being leveraged across the company by different business units of Amex.

MC special | Are millennials splurging on luxury? American Express says 'yes'

Over the past five years, around 44 percent of international travellers made purchase in India, while 56 percent Indians of Indians travelling abroad indulged in luxury spends.

Amex brings 6 lakh new merchants in its fold since 2017

This includes categories such as online merchants, utilities, insurance, hospitals, retail, grocery stores and fuel stations, it said.

Travel and entertainment costs are the second largest controllable expense in a company: AmEx

Small and mid-sized companies are eager to manage their growing expenses, but often lack the buying power of larger companies in negotiating discounts with suppliers

Indian CFOs plan increased spend in 2019: American Express survey

Ninety percent of Indian CFOs believe that improving cash and working-capital management will be more important this year as compared to last

India income of Visa, Mastercard, American Express may attract 15% tax: Report

Most major payment companies have already started looking at ways to deal with the likely tax implication, the report said

Sunil Hitech to go into bankruptcy motion - for excess use of Amex credit cards

Sunil Hitech has been unable to settle its corporate credit card dues of about Rs 45 crore.