American Express to Acquire B2B Payments Automation Company Nipendo

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American Express (AXP) to acquire B2B payment automation company

January 12, 2023 11:56 AM EST

American Express (NYSE: AXP) announced today that the credit card service company has entered into an agreement to acquire Nipendo, a company used by global businesses to automate and streamline business-to-business (B2B) payments processes.

The acquisition is the latest step in AXPs strategic step toward its goal of creating a leading end-to-end B2B platform and making business payments simpler and more efficient. The Nipendo platform works... More