American Express Company diversifies revenue through payment cards and banking services

American Express Company is a prominent player in the payment card industry, with a strong focus on travel-related transactions.

Their revenue primarily comes from selling payment methods to consumers, which accounts for 52.8% of their total revenue. This segment includes products like traveler's checks, credit cards, and prepaid cards.

American Express also serves small and large businesses, contributing 27.2% to their revenue through the sale of payment solutions. Additionally, they manage partner networks that provide card payment and distribution services, making up 20% of their revenue stream.

With a diverse range of offerings for both individual and corporate clients, American Express is well-positioned in the financial services sector.

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