Remittances represent a large share of global payments and will keep growing鈥攁lthough at a flat rate. Traditional money transfer organizations have to fight harder for a share of the prize as digital-only entrants have stepped up the competition.
Adverse weather and poor crops have driven up staple costs: Coffee is up 58% over the past three years, and cocoa soared 316%鈥攚ith tariffs further compounding price pressures.
It makes sense to ensure its cardholders can use their Amex cards at their vacation destinations 鈥攖hat way, Amex can capture everything from booking the flights to dining and souvenir shopping.