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* Visa shares gain 1.6% to $395.66 premarket * The credit card giant receives China's approval to prepare for a domestic bank card-clearing business * Nod a major step for V to entering one of the largest payment markets * Rivals Mastercard, American Express already in business * Visa has a year to complete preparation
For best results when printing this announcement, please click on link below: Visa Receives Approval to Begin Preparations for a Domestic Business in China Visa (NYSE:V), a global leader in digital payments, today announced that it has received approval of its Application to Prepare from the People’s Bank of China (PBO