American Express Co. (AXP) is looking at large international acquisitions that will help it benefit from booming demand for mobile payments and online commerce in emerging markets, said Executive Vice President David Messenger.
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| Photo: NFC Rumors |
The New York-based company, the biggest credit-card issuer by purchases, is considering deals in developing regions such as China, and investments in or purchases of smaller Silicon Valley startups with valuable technology, Messenger said in an interview this week. Last year, American Express agreed to acquire Loyalty Partner, a marketing firm with customers mainly in Germany, Poland and India, for $660 million.
