Visa receives China approval to prepare domestic card clearing operations

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Go back to Visa receives China approval to prepare domestic card clearing operations

Visa Receives Approval to Begin Preparations for a Domestic Business in China

October 13, 2026 12:11 AM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE: V), a global leader in digital payments, today announced that it has received approval of its Application to Prepare from the Peoples Bank of China (PBOC), which allows the company to begin formal preparations to establish a domestic bankcard clearing institution in China. This marks an important milestone toward the company serving Chinas domestic payments market.

The approval of our Application to Prepare marks a significant step forward in Visas... More