Top 3 American Express Competitors & Alternatives In 2020 - What Competitors

Top 3 American Express Competitors & Alternatives In 2020

American Express is a financial services company offering credit, corporate and payment cards, and insurance products for individuals and businesses.

American Express is headquartered in New York, New York. American Express has $ 43.5 billion in revenue and 59,000 employees. The last round of American Express funding was $ 1 billion. USA in August 2015. American Express’s main competitors are UnionPay, Visa, and Mastercard. As of February 2020, American Express had 8.0 million Facebook fans and 900.4k Twitter followers.

American Express’s Competitors, Revenue, Number of Employees, Funding and Acquisitions

Americanexpress top competitors include: UnionPay, Visa, Mastercard, Discover, Diners Club, Alipay, PayPal, Wells Fargo, Square and Capital One.

Who is American Express’ biggest competitor

The biggest competitor of American Express is Visa, which leads the credit cards market worldwide with 50% of the total purchase transactions. In this segment, Amex is positioned fourth with a 2.5% share. Founded in 1958 with headquarters in California, Visa’s revenues are almost $10 million and employs 19,500 people, while American Express reported $43.5 billion and 59,000 employees in 2019.

Together they raised over 36.1 billion of their roughly 399.9 thousand employees. American Express employs 59,000 people and is ranked second among the top 10 competitors. The top 10 competitors averaged 40,545.

Visa

Visa is the main competitor to American Express. Visa is headquartered in Foster City, California and was founded in 1958. Like American Express, Visa also competes in the area of ​​diversified financial services.
Visa generates 54% of American Express’s revenue.

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Mastercard

Mastercard is one of the main competitors to American Express. Mastercard is
Open Joint Stock Company, founded in 1966 in New York.
Like American Express, Mastercard also operates in the diversified financial services industry. Mastercard employs 40 400 fewer people compared to American Express

Discover

Discover is a banking and payments company offering credit cards, banking products, loans and payment services.
Discover is headquartered in Carol Stream, Illinois. Roger Hochschild is President and CEO of Discover. Discover’s main competitors are Visa, Mastercard, and American Express. As of August 2019, Discover had 1.7 million Facebook fans and 94,200 Twitter followers.

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