Remove Bank Card Remove Card Services Remove Global Payments
article thumbnail

Senders As Issuers: A New Space For Cards In Global P2P

PYMNTS

The essential value proposition it offers customers on both sides of the house is simple: InstaReM can move funds (or in a bank’s case, its customers’ funds) instantly and digitally from account to account (retail or corporate) across borders for a nominal cost that the user can see before ever clicking send.

Issuers 75
article thumbnail

American Express Receives Permission For Card Service In China

PYMNTS

billion bank cards in circulation, with government-owned UnionPay dominating the market with 90 percent market share, according to a Wall Street Journal report in April. The company plans to work within that time frame, a spokesperson told WSJ. China has about 6.7 American Express and Lianlian Group have partnered since 2012.