Visa receives approval to begin preparations for a China domestic business
The People's Bank of China granted the approval, which allows Visa to start formal steps to set up a domestic bankcard clearing institution in China.
GetSignal Visa Inc. V
Visa said on October 13, 2026 that it has received approval of its Application to Prepare from the People's Bank of China.
Visa said the approval marks a milestone toward serving China's domestic payments market.
Key facts
- Regulator
- People's Bank of China
- Approval
- Application to Prepare
- Purpose
- Establish a domestic bankcard clearing institution in China
Source: The company's release on Business Wire, October 13, 2026.
Written by GetSignal with AI from the company's press release.
Not investment advice.
