Global Pay: American Express launches Cross Border PaymentsAmerican Express launched a cross-border payments platform ‘Global Pay’ for Small to Medium-sized Businesses (SMBs) customers seeking an international payment solution.
- It will act as a digital solution that will let US businesses make secure domestic and international B2B (Business to Business) payments.
Key Points:
i.Eligible customers can also earn rewards points on foreign exchange payments.
ii.Global Pay is open to eligible American Express Small Business Card Members in the US.
iii.It will enable business customers to send payments funded from their business bank account to their suppliers in more than 40 countries with 12 currencies.
iv.It will offer same-day payments, an integrated user experience and world-class rewards.
v.This launch follows the survey conducted by American Express in June 2022 of more than SMBs.
About American Express:
Chairman And Chief Executive Officer (CEO)– Stephen J. Squeri
Headquarters– New York, United States (US)