Recently, as one of the first partners of American Express's joint venture clearing organization in China, All In Pay has officially put into operation and launched the American Express card merchant acquiring system, which will provide domestic merchants with American Express card payment acceptance services.
In June 2020, As the first and only foreign card organization in China ,American Express has obtained the bank card clearing business license through its joint venture clearing organization in China. And its first partners in China include 16 mainstream domestic banks, 3 mobile wallet operators and 6 third-party acquirers.
In the future, the two sides will continue to work together to respond to the call to expand the opening of the financial industry and deepen the structural reform of the financial supply side, and carry out compliant innovative business in China, as well as achieving international complementary development, China's leading financial technology products and capabilities will be introduced to the world to build a win-win future. We are aimed at pomoting China's leading financial technology products and capabilities to the world and build a win-win future.