'The timing is notable': China lets Visa start preparing to clear bank card payments, weeks before a third Xi-Trump meeting

'The timing is notable': China lets Visa start preparing to clear bank card payments, weeks before a third Xi-Trump meeting — Live Feedhttps://www.live-feeds.com/feed/the-timing-is-notable-china-lets-visa-start-preparing-to-clear-bank-card-payments-weeks-before-a-third-xi-trump-meetingContinuously updated, source-cited coverage. China Approves Visa for Bank Card Clearing Businesshttps://www.live-feeds.com/feed/the-timing-is-notable-china-lets-visa-start-preparing-to-clear-bank-card-payments-weeks-before-a-third-xi-trump-meetinghttps://www.live-feeds.com/feed/the-timing-is-notable-china-lets-visa-start-preparing-to-clear-bank-card-payments-weeks-before-a-third-xi-trump-meeting#u126844Sat, 17 Oct 2026 05:53:36 +0000Visa has received approval from China to prepare for a bank card clearing business, a significant step in the company's long-standing commitment to the Chinese market. This development comes 40 years after Visa began working with China and weeks before a third meeting between US President Trump and Chinese President Xi. The approval allows Visa to start preparing to clear bank card payments in China.Why it mattersThe approval is seen as a positive development for Visa and the US financial services industry, which has long sought greater access to the Chinese market. The timing of the appr