American Express launches Amex Pay mobile payment solution in India

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American Express has introduced the ‘AMEX Pay’ mobile payment solution in India that allows eligible Cardholders to make contactless or QR code-based payments to merchants using the mobile app. The AMEX IN mobile app is available for Android and iOS.  The Eligible  Cardmembers need to log in to the ‘Amex IN’ mobile app and then register for Amex Pay. Once you have your card registered for Amex Pay, you can make a contactless payment. All you have to do is simply tap your device at a merchant’s contactless terminal. There is no need to open your Amex Mobile App to make a contactless payment. [HTML1] In order to make QR Code payments, just select the ‘Pay with Bharat QR’ option on the AMEX IN app, then scan the QR code, enter the amount if it is not pre-populated, enter your Card PIN then you should see the transaction successful message. You do not need to log in to your account to scan and pay using Amex Pay. All American Express credit or charge Card are eligible to use Amex Pay. You can use Amex Pay for payments wherever American Express contactless payments are accepted. Users can also make QR-Code payments wherever you see the American Express logo on a …
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Airbnb reaches full-year profitability for 2017, as it adds former Amex CEO to board

It’s a small $ 100 million in cash-flow profitability, but sets up the short-term home rental company for an IPO in 2018

Airbnb will show $ 100 million in cash-flow profitability for the full year in 2017, according to sources close to the situation, as the company said high-profile exec Kenneth Chenault will join its board.

The addition of the former American Express leader, as well as a solid stretch of profitable quarters, sets up the short-term home rental company for what many expect is an initial public offering in 2018.

Airbnb showed its first quarterly profit in 2016, but its fortunes have improved with expansion to China and also with the addition of new products like additional travel experience offerings.

In a vision memo to its superhosts, CEO Brian Chesky reflected on the decade-journey of Airbnb. “I am absurdly lucky even to be writing this email,” he wrote. “Ten years ago we started Airbnb. Joe and I couldn’t pay rent, so we created the first AirBed & Breakfast and invited three people we’d never met to stay in our home.”

He outlined an “infinite time horizon” and a commitment to “serve all of our stakeholders.” Lofty goals, to be sure, but probably important to get right given all the negative incoming that the tech industry is receiving for its less-than-admirable performance in 2017.

Much of the ire aimed at tech has little to do with Airbnb’s business — its battles are largely around rental regulatory issues — Chenault will certainly add some burnish and experience to Airbnb, after what has been a long and successful career at the finance company. He also just joined the Facebook board, making him the go-to fancy director of the moment.

But Chenault’s addition does not meet another goal of Chesky’s, which he and I have discussed many times: To add more women to the board.

When I asked the company about that promise, spokesman Christopher Nulty said it was coming soon. “We are in serious discussions with a number of incredible people about joining our board,” he said. “The next member will be a woman, and she’ll be joining later this year.”

Among the names rumored include political types like Condoleezza “Condi” Rice and Valerie Jarrett, former GE exec Beth Comstock and former Hewlett Packard Enterprise CEO Meg Whitman (who is now a Hollywood mogul). But all of them are not the ones under consideration, said sources.

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Killer Deal: 2017 9.7-inch iPads for $299 ($30 off) with no tax in 48 states + extra $25 off for select AMEX cardholders

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Shoppers this week can pick up a 32GB 2017 9.7-inch iPad in any color for $ 299 with free shipping and no tax on orders shipped outside NY and NJ. On top of the cash savings, select American Express cardholders can save an additional $ 25 with a bonus statement credit — check your account to see if you’re eligible.
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