American Express 2005 Annual Report Download - page 8

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The expansion of our bank relationships around the world provides additional opportunities for growth. Last year we
launched new card products with Citibank, Lloyds TSB and other leading financial institutions.
Only 14 percent of the $28 trillion that consumers spend
each year is on credit, charge and debit cards. The rest is
primarily on cash and checks. The continuing shift from
cash to card presents a significant opportunity for us.
86%
TOTAL WORLDWIDE CONSUMER
SPENDING IS $28 TRILLION
14%
Estimated
spending on
general purpose
cards, including
charge, credit
and debit >
< Estimated spending
on all other forms of
payment, including
cash and check