American Express To Expand In China By Beginning Card Clearing Processing Network; iQSTEL Inc. Enters The Market And Launches Interconnection Telecommunications Partnership With China Mobile

American Express (NYSE: AXP) announced that it will begin the first licensed foreign company joint venture network to process and clear domestic transactions (in yuan). The company sees the move, expected to commence later this year, as an important step forward for its Amex-branded cards to achieve more access to Chinese spenders through the new venture network called Express Co. Meanwhile, iQSTEL Inc. (OTC: IQST) — a leader in blockchain-driven global innovative payment settlements products — has recently signed through its subsidiary Global SMS an interconnection partnership with China Mobile (NYSE: CHL). That also gives it access to China’s large end user market.

Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA), Vodafone Group PLC (NASDAQ: VOD), Telefónica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF),  (Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC) and DISH Network Corporation (NASDAQ: DISH).

American Express (NYSE: AXP) To Expand In China By Beginning Card Clearing Processing Network;  iQSTEL Inc. (OTC: IQST) Enters The Market And Launches Interconnection Telecommunications Partnership With China Mobile

The American Express (NYSE: AXP) major move into China and new 50-50 joint venture with LianLian Digi-Tech Co. has been approved for a government license by the PBOC. MasterCard Inc.(NYSE: MA) and Visa, Inc. (NYSE: V) are also expected to try to establish rival card clearing systems and expand in China. China is a significant telecommunications market now for  iQSTEL Inc. (OTC: IQST) which has access to the one billion subscribers for mobile phones throughout China. American Express (NYSE: AXP) To Expand In China By Beginning Card Clearing Processing Network;  iQSTEL Inc. (OTC: IQST) Enters The Market And Launches Interconnection Telecommunications Partnership With China Mobile.

iQSTEL Inc.’s (OTC: IQST) Interconnection Partnership With China Mobile Opens 1 Billion Chinese Subscriber Market

iQSTEL Inc.’s (OTC: IQST) subsidiary QGlobal SMS’s interconnection partnership with China Mobile (NYSE: CHL) could have far-reaching global growth opportunities in Asia and beyond for the company. iQSTEL’s carrier network interconnect deals globally could accelerate in several ways. First, iQSTEL could find in China Mobile’s one billion subscribers throughout China, Hong Kong and Pakistan potential end user customers for its Mobile Number Portability App (MNPA) product. Second, there could be mutual growth through Chinese citizens living in the U.K. and throughout Latin America, where there are some four million Asian Latin Americans.

China Mobile’s almost 1 billion subscribers makes it the world’s largest mobile mobile telecommunications company by number of subscribers. The subscribers are in China, Hong Kong, Pakistan and some Chinese subscribers in the U.K. In the future, China Mobile’s natural growth progression is in Latin America where there are some four million Asian Latin Americans. American Express (NYSE: AXP) To Expand In China By Beginning Card Clearing Processing Network;  iQSTEL Inc. (OTC: IQST) Enters The Market And Launches Interconnection Telecommunications Partnership With China Mobile.

Opening The Doors To 1 Billion Subscribers

The new partnership opens the doors for iQSTEL (OTC: IQST) to explore offering its extensive product and service lines to China Mobile’s 1 Billion subscribers, including the end user Mobile Number Portability blockchain-based application and other IoT applications. China is the leader in 5G deployment, anticipating coverage to include over 300,000 cities by the end of the year, the company said. American Express (NYSE: AXP) To Expand In China By Beginning Card Clearing Processing Network;  iQSTEL Inc. (OTC: IQST) Enters The Market And Launches Interconnection Telecommunications Partnership With China Mobile.

iQSTEL, Inc. (OTC: IQST) Expands Network Of Subsidiaries

The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC. iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider.

Source: Stock Market Press

Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com

Safe Harbor Statement: Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press