B2B Payments

Amex’s Commercial Card Play For Apple Pay Goes Global

American Express became the first major credit card issuer in the nation to link its commercial card products to Apple Pay only months ago. Now, Amex is going global with the venture, and taking its commercial cards along for the ride.

The credit card conglomerate announced Tuesday (Oct. 27) that it will make Apple Pay available to Amex users in new markets, including Canada and Australia before the end of the year. The expansion will include Spain, Singapore and Hong Kong next year, according to reports.

[bctt tweet="American Express will make Apple Pay available to Amex users in new markets"]

In addition to consumer users of Amex cards, the move will impact small business and corporate American Express card users.

“With our global reach, we are able to bring Apple Pay to cardmembers quickly in these important countries,” said American Express’s Vice President of mobile products and payments Tony Prentice in a statement. “We believe it is critical to be on the forefront of seamless and innovative payment solutions for our cardmembers and we are pleased to be able to deliver on that with Apple Pay."

American Express noted that card customers will also have access to real-time notifications on their account activity as well as to the Amex Mobile application to monitor accounts and take advantage of rewards and offers.

Last week Apple filed a patent that some analysts say could lead to greater adoption of corporate use of the Apple Pay mobile wallet. While unconfirmed by the company, the patent filed relates to the ability for one manager to upload multiple accounts onto Apple Pay, each with its own set of limitations and restrictions – a move that some analysts say could be particularly applicable to managers looking to control employee spend with the product.

 

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NEW PYMNTS STUDY: LEVERAGING THE DIGITAL BANKING SHIFT – SEPTEMBER 2020  

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