Policy·October 13, 2026 at 2:20 AM EDT·1 source
Visa gets Beijing's green light for bank card business after 40 years of working with China
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News
What happened
- Beijing approved Visa’s bank card business in China after 40 years of working with the country.
- The approval comes ahead of a planned meeting between the U.S. and Chinese presidents next month.
Why it matters
The approval may expand Visa’s operating scope in China and is relevant to payments, financial-services and cross-border market professionals. It also comes amid planned high-level U.S.-China engagement.
What to watch. The U.S. and Chinese presidents are due to meet next month.
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Who is involved
Visa gets Beijing's green light for bank card business after …VisaVU.S. presidentChinese president
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