The news: American Express will host its first activation at Fanatic Fest in NYC, called The American Express Home Game, per a press release.
How we got here: American Express has steadily increased its presence in the sporting arena.
Live sports advertising is a valuable channel for brands. We forecast that nearly 38% of the US population will watch sports on a digital platform next year, giving payment providers huge reach into potential customers.
Implication for payment providers: Sporting advertising offers significant return on investment, with recent issuers like Bank of America already citing that its FIFA World Cup sponsorship has “exceeded expectations” for the bank. Payment players can lock in brand equity through exposure during games but also with continued engagement after events end when paired with quality consumer and community outreach.
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