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Visa wins China central bank approval to prepare for domestic card-clearing business

9 hours ago

(AWP Alliance News) - Visa received clearance from the People's Bank of China to begin formal preparations to set up a domestic bankcard clearing institution in the country. The move advances Visa's push to enter China's domestic payments market.

https://www.businesswire.com/news/home/20261012904886/en/

Disclaimer: This news brief was created using generative artificial intelligence. Visa Inc. published the original content used to generate this news brief via Business Wire on October 13, 2026, and is solely responsible for the information contained therein.

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