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Amex and Globe GCASH partner for online payment solution development

03/02/201203/02/2012 Jorge Gonzalez

Philippine telco giant Globe Telecom m-commerce subsidiary, G-Xchange, Inc., has announced that it is beginning a partnership with global payment and network services giant, American Express, in order to create a new online payment solution. This solution will be designed to allow smartphone owners to use their Globe GCASH mobile wallet to purchase apps, movies, music, and games, as well as other goods and services from American and British websites that accept American Express, such as for toys, clothing, and electronics. This will allow people in the Philippines to shop…

Amex makes large step into making its digital wallet international

01/19/2012 Jesse Collins

American Express has announced that it will be making an important move to widen the reach of its digital wallet, Serve, into the international marketplace. This move makes Amex the first credit card company to launch a global partnership for the digital wallet with Lianlian Group, one of the top mobile payments providers in China. Furthermore, American Express has also invested $125 million in equity into Lianlian Pay. The Serve digital wallet is an integration of a number of different types of payment option into one account for the user,…

American Express makes moves toward greater mobile expansion by way of acquisitions

09/16/201109/16/2011 Julie Campbell

According to its executive vice president, David Messenger, American Express Co. has been seeking certain sizeable international acquisitions in order to assist in its efforts to take advantage of a spike in demand for online commerce and mobile payments in emerging markets. Based on purchases, Amex is the largest issuer of credit cards in the world. Based in New York, it is now looking into deals in China and other developing regions, and, according to Messenger, it wants to make purchases of and investments into startups in Silicon Valley that…

Isis and Google clash for supremacy of the mobile commerce industry

09/06/201109/06/2011 Stephen Vagus

With the launch of Google’s much hyped Google Wallet mobile payment platform, the tech-giant may be confronted with some stiff opposition. Isis, a coalition of telecommunications companies that are bent ruling the mobile commerce industry, continues to gain momentum amongst financial service companies upon whom the fate of mobile payments rests. The companies behind Isis—Verizon Wireless, AT&T and T-Mobile – recently invested more than $100 million into the project in the hopes of expanding the reach of the platform. The investment seems to be paying off as a number of…

Visa’s strategy for mobile payment domination

08/09/201108/09/2011 Sam Lambert

Credit card and other large companies are diving into mobile and digital payment technologies head first, forming aggressive strategies with purchasing and partnerships in order to ensure their space at the top of the game. Both American Express and MasterCard have been making deals and have been choosing the technologies that they believe will lead the way for mobile payments. Visa has also made as series of significant moves recently, which include the assumption of an advisory position in Square (a disruptive startup), the $110 million acquisition of Fundamo (a…