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Visa Approved to Prepare Domestic Payments Business in China

Bloomberg Markets Tuesday 13 October 2026, 04:09 UTC By Paige Smith 1 min read
Key Points

Visa Approved to Prepare Domestic Payments Business in China Visa Inc. received approval to begin preparations to establish a domestic bank card clearing business in China, teeing up the firm to potentially follow rivals Mastercard Inc. and American Express Co. in serving the nation’s massive payments market. The approval marks an “important milestone” toward the company serving China’s domestic payments market, Visa said in a statement.

Visa Approved to Prepare Domestic Payments Business in China Visa Inc. received approval to begin preparations to establish a domestic bank card clearing business in China, teeing up the firm to potentially follow rivals Mastercard Inc. and American Express Co. in serving the nation’s massive payments market. The approval marks an “important milestone” toward the company serving China’s domestic payments market, Visa said in a statement.
Prepare Domestic Payments Business (ORG) China (LOCATION) China Visa Inc. (ORG) Mastercard Inc. (ORG) American Express Co. (ORG) Visa (ORG)
Originally published by Bloomberg Markets Read original →

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