Business Services Industry
American Express looks to GNS unit to drive growth, BUSINESS TIMES
Business Times (Malaysia), July, 2003 by Kang Siew Li
Business Times (Malaysia) 07-16-2003 AMERICAN Express International Inc is looking at its Global Network Services (GNS) business unit to drive the company's long-term growth. The GNS unit, which seeks partnerships with financial institutions and big organizations to issue American Express-branded cards, has seen compounded growth of 40 per cent in both the number of cards issued and billings since its launch in 1997.
Vice-president and head of GNS for Asia-Pacific, Kula Kulendran, told Business Times that the business unit has been tagged as one of the company's main growth engines. However, he declined to reveal GNS' contribution to the parent company's total turnover. "Just look at our rate of growth. Within a short span of some three years, we...
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