Providian Financial Corp. on Wednesday became the latest U.S. credit card issuer to bring its products to the United Kingdom.

Providian said Britain is its launching pad for international expansion. The company expects to employ 300 people in London by yearend. Providian, with $16 billion of assets under management and nine million customers, will compete in the United Kingdom against such U.S. issuers as MBNA Corp., Capital One Financial Corp., and First USA.

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.