China gives green light to Visa for local clearing organisation after years-long wait
After the peak, new reports halved every 7 hours so far - this story is still being covered, so the figure moves as reports arrive.
What it is about
Who published it, and when
How it spread - 8 original reports, 2 reprints
Tue, 13 October 2026
7 reports- South China Morning Post03:52first to report
The People’s Bank of China on Tuesday gave its approval to Visa to make preparations for a locally registered bank card clearing organisation, calling the move a major step in the country’s financial opening up in an online statement. The US card payment giant will have one year to finish its advance arrangements, after which it may submit an application to begin operations, the central bank added. With a local clearing organisation, Visa would be able to settle domestic yuan transactions...
- Google News - Top Stories03:52
China gives green light to Visa for local clearing entity after 9-year wait South China Morning Post Visa gets Beijing's green light for bank card business after 40 years of working with China CNBC Visa gets approval to prepare for domestic business in China Reuters Visa gets approval for China card business ahead of Trump-Xi summit Financial Times Visa Wins Approval to Prepare for China Payments Business WSJ
- intelligencer.ca04:13
SAN FRANCISCO -- Visa (NYSE:V), a global leader in digital payments, today announced that it has received approval of its Application to Prepare from the
1 reprint
- brantfordexpositor.ca13 Oct, 04:13their copy
- Channel News Asia05:24
With a local clearing organisation in China, Visa would be able to settle domestic yuan transactions directly with its own network.
- Google News - Top Stories08:15
Visa gets approval for China card business ahead of Trump-Xi summit Financial Times Visa gets Beijing's green light for bank card business after 40 years of working with China CNBC Visa gets China approval for domestic bank card clearing Quartz Visa wins approval to prepare a bank card clearing business in China AP News Visa gets approval to prepare for domestic business in China Reuters
- asiaone.com09:54
US payments firm Visa has received approval from China's central bank to begin preparations for a domestic bank card clearing institution in the country, ending years of waiting to tap into one of the world's largest payment markets.The move marks a major step for Visa to join rivals American Express and Mastercard in operating bank card clearing services in China...
1 reprint
- businessday.co.za13 Oct, 07:59their copy
- Anadolu Agency (AA)11:32
Visa CEO says development represents significant step forward in firm's long-standing commitment to China
Thu, 15 October 2026
1 report- South China Morning Post21:53
China said on Thursday that the recent government approval allowing American bank card payment giant Visa to operate in the country was the “direct outcome” of Chinese President Xi Jinping’s state visit to the United States last month. “The Visa card was granted permission to establish a banking card clearing institution,” said Qiu Wenxing, the Deputy Chief of Mission at the Chinese embassy in Washington. “It is a direct outcome of the presidential summit.” Visa received administrative...