Earlier this month, Express Company, a joint venture between American Express and LianLian DigiTech Company, received an operating license from regulators in China to clear card transactions in mainland China denominated in renminbi. Express Company received approval from the People’s Bank of China in November 2019 after spending most of last year building the needed infrastructure. American Express hasn’t been given approval to issue cards or acquire transactions. Later this year, Express Company is expected to announce partnerships with banks, payment service providers, and digital wa...