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AXP – American Express Co.

American Express Company (AXP) was founded in 1850and is headquartered in New York, New York. It, along with it’s subsidiaries, provides charge credit payment card products, and travel related services worldwide. It is ranked #67 on the Fortune 500 list of companies. The company has operations broken down into three segments: Global Consumer Services Group (58%), Global Commercial Services (29%) and Global Merchant and Network Services (13%). 

As at 31.12.2021 

The company has 114 million cards in force today and offers multiple products and services to consumers, small businesses, mid-sized companies and large corporations across the globe including the United States, Europe, Latin America and more.  

These include payment and financing products; network services; accounts payable expense management products and services; travel and lifestyle services, merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and fraud prevention services. It has a vast distribution network utilizing multiple channels including digital applications, third-party vendors/ business partners, an in-house sales teams, direct mail, telephone, and others. 

As at 31.12.2021