Visa Approved to Prepare Domestic Payments Business in China
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...
By Paige Smith · Bloomberg Markets
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.