News Analysis
An affiliate of American Express Co. gained approval for a payments license from Beijing to begin building a payments network and settle card charges.
China Grants Payments License to American Express, in Venture with LianLian
AmEx unlikely to gain major market share in mobile-dominant Chinese payments sector
An affiliate of American Express Co. gained approval for a payments license from Beijing to begin building a payments network and settle card charges.
An American Express sign is seen Oct. 5 in Austin, Texas. The card issuer has been approved to operate a payments network in China. Rick Kern/Getty Images for American Express
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