ChatGPT Gains Plaid Access to American Express Accounts, AmEx Leads in China Market
ChatGPT now uses Plaid to read balances and transactions from American Express accounts for Pro subscribers, generating personalized 90-day budget plans. American Express is already approved for China’s payment market, giving it a head start over Visa as U.S. payment firms seek credit card access in China.
1. ChatGPT-Plaid Integration with American Express
ChatGPT now connects to American Express accounts through Plaid for Pro subscribers at $200 per month, granting read-only access to balances, transactions, investments and liabilities across more than 12,000 institutions. The tool analyzes the last 90 days of spending to generate personalized monthly budget plans with real-dollar targets.
2. American Express Secures China Payment Market Approval
American Express has obtained approval to operate in China’s credit card market, joining Mastercard and outpacing Visa, which remains excluded. This positions American Express to expand its cross-border payment services and capture market share as U.S. firms seek deeper access to China’s consumer finance sector.