Services are offered by a 50-50 joint venture between AmEx and Chinese payment services provider Lianlian

The People’s Bank of China granted a network clearing license to American Express’s China joint venture, Express (Hangzhou) Technology Services

Ant Financial is leveraging its ubiquitous Alipay mobile app to mount a rapid expansion into consumer lending

Central bank accepts American Express application to start a bank-card clearing business, signaling movement in opening-up of payments sector

Cross-border payments will be main focus amid domestic dominance of Alipay and WeChat Pay

Central bank wants assurances that American credit card company would protect Chinese customers in the event of unilateral sanctions, Caixin has learned

Company may have opportunity to gain market share in commercial, small-business segments, analyst says