American Express total volume for the Japan, Asia Pacific & Australia region rose 16% year-on-year (YOY) in the first quarter; the Europe, Middle East & Africa region increased 8% YOY, while the Latin America & Canada billed business declined 4% YOY in Q1, all on a currency adjusted basis. Overall, billed business outside the USA was up 8% YOY.
According to CardData, the total number of cards-in-force (CIF) outside the US rose 5% to 57.4 million at the end of Q1. The average cardholder spending also increased 5% to US$3392 for the quarter.
American Express Non-US Cards-in-Force Historical
2011: 43.0 million
2012: 47.8 million
2013: 51.1 million
2014: 54.7 million
2015: 57.4 million
Source: American Express; CardData
During the first quarter, internationally, American Express signed the Post Office in the UK, which provides a wide range of products and services to the UK public through its nationwide network of 11,500 Post Office branches.
Also, signed Jumbo, the second largest supermarket chain in the Netherlands. Eyemart Express, an eyewear retailer with 174 locations across the U.S., and WIND Mobile, Canada’s fourth largest mobile operator with over 300 retail locations, now accept American Express.
Additionally, signed Harris Farm Markets, a grocery store chain in Australia, and ITESO, a private university in Mexico with more than 10,000 students.
American Express announced a new Global Network Services partnership with Bank Alfalah to exclusively issue American Express cards and acquire merchants in Pakistan.
AmEx GNS also launched new products, including: the Cathy Pacific MUFG Card Platinum American Express Card with Mitsubishi UFJ Nicos in Japan; The American Express Platinum Credit Card in the United Arab Emirates and the American Express Centurion Card in Titanium from American Express Middle East; the eEveryday Card from American Express with the Bank of Cyprus; The Platinum Card Aerolineas Argentinas Airline Cobrand with Banco Macro in Argentina; and the Credomatic Millas Plus American Express Card, available in Gold, Platinum and Black with Credomatic in Central America.
For data, background and forecasts on American Express: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).