American Express and Mastercard in China

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American Express and Mastercard in China

American Express is a year ahead of Mastercard and Visa in establishing domestic card operations in China. It received preliminary approval from the People’s Bank of China (PBOC) for a bank card clearing institute license in November 2018. Amex spent the following year working with its joint venture (JV) partner in China, Lianlian Yintong Electronic Payment Company, to create the infrastructure needed to clear and settle card transactions denominated in renminbi. In the fourth quarter of 2019, Amex and Lianlian received permission from the PBOC to apply to multiple regulatory agencies for...

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Nilson Report

1169

February 2020

Headlines in this Issue

Charts in this Issue

U.S. General Purpose Brands Purchase Volume

Investments & Acquisitions—January 2020

Card Processors Market Capitalization

General Purpose Cards Issued in the U.S. 2019 vs. 2018

Shares of Purchase Volume on U.S. General Purpose Cards 2019

Credit Card Outstandings—U.S. 2019 vs. 2018

General Purpose Credit Cards Issued in the U.S.

Purchase Transactions on Mastercard & Visa Credit & Debit Cards

Cards in Circulation Visa vs. Mastercard

Visa and Mastercard—U.S. Debit & Prepaid Cards

Visa and Mastercard—U.S. Credit, Debit, & Prepaid Cards