Hyderabad: Paynear, one of the largest Omni-Channel Transactions Processing companies in India has collaborated with one of the most prestigious and premium credit cards in the world – American Express for enablement of more option towards digitization. American Express is now LIVE on all Paynear POS devices as well as the Paynear ONE App.
This comes as a great news for all our Merchants and Business Partners, as accepting American Express cards opens up the window to many high-value transactions that can generate additional business for the various stakeholders. American Express card members are high spenders and spend approximately 3-4 times the industry average on their cards. Customers can now use their American Express cards to make purchases/payments at any outlet that uses Paynear’s Payment Processing services.
Commenting on the latest addition to their Payments Bouquet, Ms Priti Shah, Cofounder & CEO Paynear said “It has been a privilege to be associated with American Express and with this our merchants would be enabled with AMEX. We are excited to start this association and further explore more synergies with American Express to foster growth and digitization”
Speaking about the association, Mr. Anurag Gupta, Vice President, Merchant Services at American Express India said “We are consistently working on expanding our merchant base to increasingly allow our card members to use their cards for making payments instead of cash. Our partnership with Paynear is a step towards ensuring that our card members use American Express cards for their daily spends and also earn valuable rewards along the way.”
Paynear was already accepting Mastercard, Visa and Rupay, as part of the 60+ Payment Channels that it caters to. American Express is the new feather on our cap!