AmEx, Lippo sign deal

JAKARTA (JP): American Express (AmEx) and Lippo Life have signed an agreement allowing AmEx cardholders to use their American Express Card to pay for Lippo Life insurance products and services across Indonesia.

"This agreement is designed so that many AmEx cardholders can choose and pay for Lippo Life insurance products and services through their card," the companies said in a joint media release on Wednesday.

Lippo Life, which was founded in 1983 and has become one of the country's largest insurance companies, operates life insurance and pension businesses.

AmEx is one of the world's top credit card companies. (jsk)