Visa Approved to Prepare Bank Card Clearing Institution in China, CEO McInerney: Striving to Launch Operations in China Soon

Odaily News: According to Visa's official service account on October 13, Visa has officially received approval from the People's Bank of China to prepare a bank card clearing institution within China. Visa will continue to complete follow-up work and conduct bank card clearing operations in China. Visa CEO McInerney stated that the approval of this preparatory application is another important milestone in Visa's long-term commitment to serving the Chinese market. The company looks forward to actively carrying out follow-up work in accordance with the relevant regulatory provisions of the People's Bank of China, in order to strive to launch operations in China as soon as possible. (Shanghai Securities News)