GgoogleRU first seen 19 h ago, last 18 h ago, peak #3
China approves Visa to set up local clearing entity
Original: visa
China has given final approval for Visa to establish a bank card clearing entity in the country, ending a nine-year wait for the US payments giant. The move opens China's domestic payments market further to foreign firms, following earlier licences granted to rivals like Mastercard. Commentators see it as a signal of cautious market opening amid broader trade tensions.
Why now: The long-awaited regulatory approval marks a rare market opening for a US financial firm in China.
VisaChinaSouth China Morning Post
Rank over time, top of the chart is #1. 4 snapshots from 19 h ago to 18 h ago.
Evidence
- Visa gets approval for China card business ahead of Trump-Xi summit · Financial Times
- China gives green light to Visa for local clearing entity after 9-year wait · South China Morning Post
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