Visa gets Beijing’s green light for bank card business after 40 years of working with China
Summary
Chinese authorities have granted Visa preliminary approval to launch a domestic bank card clearing business. This development follows four decades of engagement with the country's financial sector and arrives shortly before the scheduled meeting between the American and Chinese heads of state.
The incremental approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month.
Source: Read the full story at US Top News and Analysis
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