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Indian CFOs plan to increase spend to support topline growth in 2019: American Express Global Survey
American Express (Amex) on Tuesday said it has added 6 new merchants since 2017 in the country.
The growth across the country is driven by increased demand from tier-I and tier-II cities where American Express Card members want to spend, the premium credit card and payment platform company said in a statement.
This includes categories such as online merchants, utilities, insurance, hospitals, retail, grocery stores and fuel stations, it said.
Major new categories signed up by American Express this year include premium mobile phone stores, key tourist attractions and online payment gateways and aggregators.
"Building on our strong momentum from the past few years, we have enabled Amex Card acceptance in many new categories to displace cash spend. We are targeting sectors such as government payments, education and health care, to provide our card members even more places to use their cards and do business with more merchants," Amex Vice-President Anurag Gupta said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)