Macro Finance
Visa Approved to Prepare Domestic Payments Business in China
Bloomberg Markets·October 13, 2026·1 min read
Visa Inc. received approval to begin preparations to establish a domestic bank card clearing business in China, following rivals Mastercard Inc. and American Express Co. in entering the country's massive payments market. The approval marks a significant step for Visa to expand its presence in China's rapidly growing card market.
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