Tag: AMEX

Tech

Wealthy customers drive 16% profit rise for American Express

Credit card giant, American Express reported a 16 per cent rise in third-quarter profits on Friday. This was driven by stronger card spending, especially among its wealthiest customers. The results prompted the company to raise its full-year profit forecast. The United States based company posted earnings of $2.9 billion for the quarter, up from $2.51 […]

Tech

American Express boosts platinum card benefits for wealthy US consumers

American Express on Thursday announced updates to its flagship credit card as competition intensifies for the United States market’s high-spending customers. The company said the redesigned Platinum card, available in both consumer and business versions, now carries an $895 annual fee, up roughly 29% from the previous $695. Meanwhile, the company stated that its Platinum […]

News

AMEX unveils Nigeria’s first business card

O3 Capital, a leading Nigerian fintech and the country’s first non-bank credit card issuer has announced a partnership with American Express to issue business credit cards in Nigeria, potentially improving access to dollars in the country. O3 Capital said the firm has partnered to issue four new American Express credit cards: the O3 American Express […]