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fffresh
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Bank of Valletta and Amex to co-issue credit cards

Postby fffresh » Sun Oct 26, 2008 4:23 pm

Today it was announced Bank of Valletta will begin co-issuing cards with American Express.

Bank of Valletta is Malta's oldest and largest bank. Malta a nation of seven islands located off the coast of Italy in the Mediterranean Sea.

I believe this is a very smart move for Amex to partner with under the radar countries and banks which are overlooked by the other major players in the industry. If they continue this strategy they could greatly increase their global presence and card member base.


Floppster
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Postby Floppster » Sun Oct 26, 2008 9:47 pm

fffresh wrote:Today it was announced Bank of Valletta will begin co-issuing cards with American Express.

Bank of Valletta is Malta's oldest and largest bank. Malta a nation of seven islands located off the coast of Italy in the Mediterranean Sea.

I believe this is a very smart move for Amex to partner with under the radar countries and banks which are overlooked by the other major players in the industry. If they continue this strategy they could greatly increase their global presence and card member base.



Interesting, thanks for sharing. Amex is already well known worldwide just not accepted as wide as Visa or MC
Intellectuals solve problems. Geniuses prevent them.
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Mogul of Pineapples
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Postby Mogul of Pineapples » Sun Oct 26, 2008 11:42 pm

I just did a quick Wikipedia lookup of this country and the population is around 400,000. I'm not saying it's a bad move but there's bigger markets that are unsaturated and may be better targets.
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Floppster
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Postby Floppster » Tue Oct 28, 2008 8:11 pm

True, Malta is quite small however due to the GDP I think it is still quite a wealthy place. So why not try it ?
Intellectuals solve problems. Geniuses prevent them.
- Albert Einstein 1879-1955

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Mogul of Pineapples
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Postby Mogul of Pineapples » Tue Oct 28, 2008 9:40 pm

You're right. I think the per capita GDP from what I remember was close to the US.

I guess that's how any business succeeds... either make a superior product or look for under the radar markets no one else is touching.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

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Postby robert.loehmann » Wed Oct 29, 2008 11:24 am

If Amex ever would like to be equal or greater than Visa and Mastercard I believe utilizing strategies such as this is a must.

The other must on there list is offer better rewards and better customer service than the competitors which I think most agree they already doing this quite well.



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