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Increase in co-branding driving growth in international card schemes
Despite government backing of domestic schemes in some markets, cards are increasingly being co-branded with international card schemes due to customer desire for maximum acceptance, rewards and other benefits. This... read more
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American Express Q1 revenue increases to record $14.3 billion
American Express has reported very healthy Q1 2023 net income of $1.8 billion, or $2.40 per share, consolidated total revenues net of interest expense were $14.3 billion – a record... read more
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Visa, Mastercard and AmEx go big on earnings – Discover down
Its that time again…and its been another stellar quarter for most of the big payments companies even as the rival Big Tech sector has seen a sell off. Strong consumer... read more
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Central Bank of India lifts American Express card issuing ban
Just months after the Central Bank of India (RBI) lifted its card issuing ban on Mastercard, it has now lifted the same ban on American Express allowing it to start... read more
The post Central Bank of India lifts American Express card issuing ban appeared first on Payments Cards & Mobile.
Payments heavyweights smash Q1 earnings forecasts
Visa has (again) posted much stronger than expected Q1 2022 earnings amid a consumer spending rebound powered in part by business and personal travel following a “short-lived” jump in Omicron... read more
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