(8 August 2022 – United States) American Express (AMEX) has launched a new digital payments solution enabling US enterprises to conduct domestic and international business-to-business (B2B) payments labelled “Global Pay”.
Through the group’s new digital payments solution, business customers can send payments funded from their business bank account to their suppliers in more than 40 countries, across a range of currencies, using a simple, mobile-friendly platform. Eligible customers can also earn Membership Rewards points on their foreign exchange (FX) payments. AMEX Global Pay is currently available to eligible US American Express Small Business Card Members.
American Express has not disclosed exact fees yet, stating that it will display the fees when the business is creating the payment. Besides, recipient banks or intermediary banks may charge their own fees, which can reduce the amount delivered to the client’s recipe.
American Express Global Pay addresses client needs by providing an integrated user experience, simple and intuitive steps, world-class rewards, same business-day payments, transparent exchange rates, trusted dependability and a streamlined application process.
“Businesses today start, grow and compete on a global scale. Our US Small Business Card Members told us they want an international payment solution focused on simplicity, convenience and the chance to earn rewards. So we built American Express Global Pay to enable these businesses to easily and effectively manage their B2B payments globally on a secure platform, backed by the trusted service and unique benefits of American Express Membership” commented American Express Executive VP of Global Commercial Services, Dean Henry.