Visa Approved to Prepare Card Clearing Institution, Aiming to Launch Operations in China Soon

Visa has been approved by the People's Bank of China to prepare for a card clearing institution within China. Visa will continue to complete subsequent work and carry out card clearing operations in China. Visa CEO Al Kelly stated that the approval of this preparation application is an important milestone in Visa's long-term commitment to serving the Chinese market, and they look forward to actively carrying out subsequent work in accordance with relevant regulatory requirements to strive for an early launch of operations domestically.

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