✉news BusinessBusiness first seen 1 d ago, last 1 d ago, peak #21
Visa wins approval to prepare bank card clearing business in China
Original: Visa wins approval to prepare a bank card clearing business in China | National News | 2news.com
Visa has received regulatory approval to prepare for a bank card clearing business in China, a significant step for a foreign payments company in a market long dominated by domestic networks such as UnionPay. The approval lets Visa begin setting up the operations needed to process domestic bank card payments. The move is being reported in US business and national news coverage.
Why now: Regulators in China opening its card payments market to a major US company is a notable business development amid ongoing US-China trade and financial tensions.
Evidence
- Visa wins approval to prepare a bank card clearing business in China | National News | 2news.com · KTVN
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