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

Visa received clearance from China’s central bank to start preparations for a domestic bankcard clearing institution. Approval from the People’s Bank of China moves Visa closer to processing domestic payments in China. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Visa Inc. published the original content used to generate this news brief via (Ref. ID: 20261012904886) on October 13, 2026, and is solely responsible for the information contained therein. (C)