China Approves Visa to Establish Domestic Bank Card Clearing Business
The central bank granted the US payment giant one year to complete preparations for its locally registered clearing organization.
The story so far
2 publishers have covered this in 2 articles since 13 Oct 2026. South China Morning Post published first, on 13 October at 03:52 UTC; Bloomberg Markets followed 18 min later. The most recent article, from Bloomberg Markets, appeared on 13 October at 04:09 UTC.
Outlets reporting it: Bloomberg Markets (major outlet), South China Morning Post.
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Sources
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In this story
- Visa
- People's Bank of China