Visa wins approval to prepare a bank card clearing business in China
Headline from WHEC Rochester
Visa has received approval to prepare for a bank card clearing business in China, allowing it to compete in the country's payments market. Analysts see this as a positive sign for American businesses following Chinese leader Xi Jinping's meetings with President Donald Trump.
WHEC Rochester's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Visa Inc. received approval to begin preparations to establish a domestic bank card clearing business in China, teeing up the firm to potentially follow rivals Mastercard Inc. and American Express Co. in serving the nation’s massive payments market.
Visa has received approval to prepare for a bank card clearing business in China, allowing it to compete in the country's payments market. Analysts see this as a positive sign for American businesses following Chinese leader Xi Jinping's meetings with President Donald Trump.
