For the first time American Express Co. has opened its global merchant network to another card issuer, in a hybrid cobranding deal in France.

American Express, the carmaker Citroen, and Sovac, a private-label card issuer in France, announced the agreement May 30 in Paris.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.