Express Technology- American Express Group

Express (Hangzhou) Technology Services Company (“Express Company”) is a joint venture formed by American Express, a globally integrated payments company, with LianLian Digital Technology Co, Ltd, a Chinese fintech services company, in 2017. It is the first RMB transactions clearing joint venture granted the bank card clearing business licensed by the People's Bank of China in mainland China. Express Company, aiming to connect the world through the powerful backing of service and innovation, brings together the power of American Express’ global experience and network, and the local resources and insights of LianLian. The joint venture is building a network business which will enable charges on American Express branded cards to be cleared and settled domestically. It will also be responsible for the network operation after its business opening license is approved by the Chinese regulator. This will bring the benefits and services of the American Express global network to Chinese customers and will expand the ability of global American Express Cardmembers to use their cards in mainland China. “”—American Express—“”2017 “”,