Friday, 21August 2015

Company Name: American Express

Topic of the session: Pre Placement Talk
About the company:
Recent News

The American Express Company,

also known as Amex, is an
American multinational financial
services corporation headquartered
in Manhattan's Three World Financial
Center in New York City, United
States.
The company is best known for
its credit card, charge card,
and traveler's cheque businesses.
Amex cards account for
approximately 24% of the total dollar
volume of credit card transactions in
the US.
American Express has a market
cap of $74.29 billion and an
enterprise value of $110.44
billion
They have over $33 billion in
annual revenue and are present
in over 130 countries.

Cards Industry

The $7 billion worldwide industry is

dominated by key players such as
MasterCard, Visa, American Express
(AmEx), JCB, UnionPay,
Diners/Discover, and Interac.
Visa leads worldwide in credit cards
with 48% market share, MasterCard
follows with 32%. American Express
has a share around 15%

Mutual fund provider Fidelity

Investments is considering
dropping American Express
and Bank of America to find new
partners and better terms.
Amex introduced Serve Cash
Back, a new prepaid debit
Account option that will earn
Accountholders 1% cash back on
purchases.
Recently introduced a corporate
credit card for small business
groups in India. The credit card
issuer is partnering Jet Airways to
launch a new co-branded
corporate card.
The company is partnering with
online travel portal MakeMyTrip
and Payback for the largest
coalition loyalty programme in the
country, to introduce a cobranded card to capitalise on the
growing popularity of online travel
booking.
American Express had entered
the mid-income segment in India
when it launched a co-branded
card with Payback in June 2013.

Amex India

India's best companies to work for

2015
Headcount: 9036
Gender diversity (f/m): 1:1.4
Rank 2014: 4
American Express has seven
verticals in India seven Consumer

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MDI|Prep-Team|2015

Friday, 21August 2015

Cards, Corporate Cards, Merchant

Services, Business Travel, Global
Prepaid (Travellers' Cheques
division), Financial Centre (east) and
American Express Service Centrethe last two being the company's
captive IT enabled services hubs.
American Express had 659,650
credit cards in India at the end of
June, 2014.

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MDI|Prep-Team|2015