American Express eyes big prospect in MSMEs

Hyderabad: Leading commercial payments firm American Express sees a huge opportunity for its expense management solutions in India especially in the mid-market and SME segment, a top official said here on Wednesday.

Speaking to the media, Ms. Saru Kaushal, Vice President and General Manager of Global Commercial Services, American Express Banking, India, said: “Expense management has gained significance both globally and in India. Organisations are closely monitoring controllable expenses like travel and entertainment related and are looking to derive cost benefit analysis and ROI on spends. American Express’ customized expense management solutions and corporate card programs assist companies in managing and monitoring their T&E expenses.”