[News] - AMEX Expansion in India?

[D₹V]

Amex cards have serious acceptance issue.

• It is accepted wherever Pine Lab, Paytm swipe machines are there. No issues there.

• Amex is in talk with SBI also to have tieup, so next month onwards, there won’t be any issues with SBI machines also (currently it depends on merchant willingness to Accept Amex cards on SBI machines).

• With HDFC and Axis machines, it depends on the merchant. Some HDFC and Axis Swipe machines, merchants have opted out for Amex cards as Amex charges higher fee to merchants. So, they don’t accept it.

• Another update is that, Amex is coming up with a dedicated drive next month to increase acceptance. This will include following initiatives

• Users will be able to provide details of retailers on Amex app, chat or email, wherever they feel issue with the Amex acceptance. Amex team will reach-out to the merchants to onboard them.

• They are in talk with major banks so that Amex would be accepted on their swipe machines by default.

• They are also considering reduction in merchant fee to drive acceptance.

• In last one year, they have issued large number of Amex cards and have doubled the list of serviceable cities. Higher number of card users naturally increases pressure on merchants to accept the card.


👆 The above is based on my detailed talk with Amex Customer Care executive on acceptance issue. They are promising that the acceptance will drastically improve in next 5-6 months. But let’s see🤞


• For now, 5 out of 10 offline merchants in metro cities like Mumbai are not accepting Amex credit cards, even in malls.

• Right now, best use of Amex card is Amazon, Flipkart, Myntra, Swiggy, Zomato etc. giftcards, Amex Reward Multiplier and Fuel ⛽️ at HPCL.

Post Credit: SpendWisely

Ps: above words are of the original author. My intent was to aware about this news only.

 

[Prime Carlsen]

This is good news, should be much easier to achieve milestones. But there will be greater chance that milestone itself may get shifted.

 

[D₹V]

This is good news, should be much easier to achieve milestones. But there will be greater chance that milestone itself may get shifted.

But rewards will decrease I guess or we might see 🙈 devaluation if MDR decreases.

 

[Prime Carlsen]

Yeah, let us enjoy while the ride lasts.

 

[maheshspanicker]

Amex offline acceptance is godawful even in Delhi. 5 out of 10 is a massive overestimate. More like 2 out of 10 if you are feeling charitable! Amex is brilliant and professional in so many things, but I can't understand why on earth don't they show the same in addressing this terrible issue. Hopefully, they'll get their act together sooner rather than later.

 

[Noctis7]

• They are also considering reduction in merchant fee to drive acceptance.

This is pretty much all it comes down to. Low acceptance of Amex right now is primarily caused by extremely high mdr relative to other platforms and not due to any technical limitations.

 

[sxchzy]

Amex offline acceptance is godawful even in Delhi. 5 out of 10 is a massive overestimate. More like 2 out of 10 if you are feeling charitable! Amex is brilliant and professional in so many things, but I can't understand why on earth don't they show the same in addressing this terrible issue. Hopefully, they'll get their act together sooner rather than later.

The way they afford to keep this class.act is by segragating themselves from the rest.
If they reduce the mdr tk chase the crowds they will be reduced to one in many card networks
Now amex stands out for that sole reason
So it has been a double edge sword for them in the country

 

[Confused_Indian_Doctor]

Icici, paytm and pinelabs pos machines are currently accepting them in bbsr. The acceptance rate has increased in the recent months here...

 

[golu]

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D₹V ki pohach har jagah hai
Usko moderator bana dena chahiye 😂

 

[Prime Carlsen]

Technofino community par aesa koi thread nhi, aesa koi message nhi
Jaha D₹V bhai ne like nhi kiya
Mai jaha bhi jata hu mujhe bass D₹V hi dikhta hai har jagah 😂😂
Sayad mujhe D₹V se pyaar ho gya hai
🤦🏻

D₹V ki har jagah hai
Usko moderator bana dena chahiye 😂

Moderator banne ki ninja technique?

 

[D₹V]

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Jaha D₹V bhai ne like nhi kiya
Mai jaha bhi jata hu mujhe bass D₹V hi dikhta hai har jagah 😂😂
Sayad mujhe D₹V se pyaar ho gya hai
🤦🏻

D₹V ki har jagah hai
Usko moderator bana dena chahiye 😂

Nahi, mods banne ke baad freely roam around nahi kar sakte 😂.

Aise hi theek hu 😜.

 

[D₹V]

Moderator banne ki ninja technique?

Truth reveal kar dia bhai ne 😔

 

[elite34700]

Amex cards have serious acceptance issue.

• It is accepted wherever Pine Lab, Paytm swipe machines are there. No issues there.

• Amex is in talk with SBI also to have tieup, so next month onwards, there won’t be any issues with SBI machines also (currently it depends on merchant willingness to Accept Amex cards on SBI machines).

• With HDFC and Axis machines, it depends on the merchant. Some HDFC and Axis Swipe machines, merchants have opted out for Amex cards as Amex charges higher fee to merchants. So, they don’t accept it.

• Another update is that, Amex is coming up with a dedicated drive next month to increase acceptance. This will include following initiatives

• Users will be able to provide details of retailers on Amex app, chat or email, wherever they feel issue with the Amex acceptance. Amex team will reach-out to the merchants to onboard them.

• They are in talk with major banks so that Amex would be accepted on their swipe machines by default.

• They are also considering reduction in merchant fee to drive acceptance.

• In last one year, they have issued large number of Amex cards and have doubled the list of serviceable cities. Higher number of card users naturally increases pressure on merchants to accept the card.


👆 The above is based on my detailed talk with Amex Customer Care executive on acceptance issue. They are promising that the acceptance will drastically improve in next 5-6 months. But let’s see🤞


• For now, 5 out of 10 offline merchants in metro cities like Mumbai are not accepting Amex credit cards, even in malls.

• Right now, best use of Amex card is Amazon, Flipkart, Myntra, Swiggy, Zomato etc. giftcards, Amex Reward Multiplier and Fuel ⛽️ at HPCL.

Post Credit: SpendWisely

Ps: above words are of the original author. My intent was to aware about this news only.

One thing all of you should remember is Amex still controls the game despite MDR drop because it’s an open loop system . They’re the issuing authority and they own the platform unlike for visa/master card/diners etc., so if they’re dropping their MDR they will as well categorise the dropping pools and regulate the P & L. Now such kind of drop will go towards devaluation for visa and other platforms because it’s a closed loop system between bank, platform, merchant and buyer so lesser the percentages less chances of devaluations which will work in Amex’s favour.

 

[Suspicious Activity]

Icici, paytm and pinelabs pos machines are currently accepting them in bbsr. The acceptance rate has increased in the recent months here...

Also the reliance trends stores in bbsr.

 

[crazyuploader]

Is it available in Agra?

 

[D₹V]

Is it available in Agra?

Y e s

 

[crazyuploader]

Y e s

How do I get it?

 

[sumeet]

Only thing that I want is to get the card first as it's not available in my location

 

[D₹V]

How do I get it?

@xywowowvw might guide you about AMEX application.

 

[sxchzy]

dm

How do I get it?

for amex refferal