AmEx expands global reach as card acceptance tops 190 million merchants

• AmEx merchant acceptance outside the US has more than doubled in four years, reaching over 190 million locations globally
• The company is targeting key travel destinations (Barcelona, Hong Kong, Paris, Sicily) and major event locations (Mexico City, Melbourne) where cardholders spend
• Billed business jumped 9% to $455.8 billion in the most recent quarter, with quarterly revenue growing 10% to $19.6 billion

Summary

American Express announced Monday that its credit cards are now accepted at over 190 million merchant locations worldwide, with international acceptance more than doubling over the past four years. This expansion addresses a critical competitive gap with rivals Visa and Mastercard, which have historically maintained broader merchant networks outside the United States.

Key Developments:

• Global merchant acceptance surpassed 190 million locations
• International acceptance more than doubled in four years
• Q2 billed business (card spending) increased 9% to $455.8 billion
• Quarterly revenue grew 10% to $19.6 billion in July

Strategic Focus:

AmEx concentrated on high-value locations where cardholders spend most, including major travel destinations like Barcelona, Hong Kong, Paris, and Sicily. The company also targeted cities hosting significant sporting events, such as Mexico City and Melbourne, along with popular spending categories like restaurants.

Market Implications:

Merchant acceptance is crucial for card networks as it directly drives transaction volume and revenue. Greater acceptance encourages customers to use cards for everyday purchases and travel expenses, creating sustainable revenue growth. Anna Marrs, group president of global merchant and network services, emphasized the company sees continued expansion opportunities worldwide.

Growth Strategy:

AmEx is deepening partnerships with global payment platforms, payment facilitators, licensed partners, and local acquirers to scale acceptance efficiently. The company indicated it remains committed to further coverage gains despite recent progress.

This expansion represents a significant step in AmEx's efforts to compete more effectively with Visa and Mastercard in international markets while capitalizing on growing global consumer spending patterns.