WebBank has entered into an agreement with American Express to become a card issuer and participant in the AmEx network. American Express chose WebBank as one of its key issuing banks, focusing on the fintech sector.
Speaking about this development, officials from WebBank expressed their satisfaction at forming a strategic alliance with American Express. This partnership is expected to expand the product offerings available through WebBank’s strategic partner platforms and create value for the fintech community.
Details of the Partnership
About WebBank
Founded in 1997, WebBank has originated and funded over USD 155 billion in consumer and commercial credit products. As a national issuer of consumer and small business credit products through strategic partner platforms such as retailers, manufacturers, finance companies, SaaS providers, and financial technology firms, WebBank engages in a wide range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing, and more.
This version maintains the essential information about WebBank’s agreement with American Express while rephrasing it to ensure a unique sentence structure and flow.