Yhn BusinessBusiness first seen 3 d ago, last 16 min ago, peak #9
Visa wins Chinese approval for domestic bank card business
Original: Visa gets Beijing's green light for bank card business
Visa has received approval from Chinese regulators to operate its bank card business in China, according to CNBC. The green light from Beijing would let the US payments company process domestic transactions in one of the world's largest card markets, long closed to foreign networks. It marks a significant step in China's gradual opening of its financial services sector to foreign firms.
Why now: Opening China's domestic payments market to a major foreign card network is a significant financial and geopolitical development.
Rank over time, top of the chart is #1. 9 snapshots from 11 h ago to 16 min ago.
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