https://www.live-feeds.com/feed/visa-gets-approval-for-china-card-business-ahead-of-trump-xi-summitContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/visa-gets-approval-for-china-card-business-ahead-of-trump-xi-summithttps://www.live-feeds.com/feed/visa-gets-approval-for-china-card-business-ahead-of-trump-xi-summit#u125389Fri, 16 Oct 2026 09:21:23 +0000Visa has secured approval from the Peoples Bank of China to begin formal preparations for establishing a domestic bank card clearing institution. The U.S. payments firm announced Tuesday that it received the Application to Prepare green light, marking a significant step to tap into one of the worlds largest payment markets. This development follows years of waiting and positions Visa to join rivals American Express and Mastercard in operating domestic bank card clearing services within the country. The clearance arrives ahead of an upcoming meeting between the U.S. and Chinese presidents sched