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News 2026-10-13 05:40 UTC

UPDATE 1 — Visa gets approval to prepare for domestic business in China

(Adds details and background throughout) Oct 13 (Reuters) — US payments firm Visa has received approval from China's central bank to begin preparations for a domestic bankcard clearing institution in the country, it said in a statement on Tuesday. The approval comes after US President Donald Trump's summit with Chinese

News 2026-10-13 04:25 UTC

Visa gets approval to prepare for domestic business in China

Oct 13 (Reuters) — US payments firm Visa has received approval from China's central bank to begin preparations for a domestic bankcard clearing institution in China, it said in a statement on Tuesday. (Reporting by Abu Sultan in Bengaluru; Editing by Janane Venkatraman) ((mailto:Abu.Sultan@thomsonreuters.com;)