{
  "id": 14130976,
  "title": "Visa gets go-ahead to prepare for business in China",
  "url": "https://urgent.news/2026/10/13/visa-gets-go-ahead-to-prepare-for-business-in-china",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T05:39:37.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1873737-20261013.htm"
  },
  "original_language": "en",
  "account": "Visa, the global digital payments company, has received approval from the People's Bank of China (PBOC) to start formal preparations for setting up a domestic bankcard clearing institution in China. This move, announced by Visa, represents a significant step towards the company entering China's domestic payments market. Visa's CEO, Ryan McInerney, expressed his appreciation for the support of leaders in both the United States and China, emphasizing the company's commitment to China and its intent to collaborate constructively and strategically with the world's largest economies.\n\nMcInerney informed that Visa would adhere to the PBOC's regulations while operating in China. The company statement highlighted China's position as one of the world's most advanced and dynamic digital payments markets, and Visa's eagerness to introduce its innovation, security, and reliability to Chinese consumers and businesses.",
  "summary": "Visa, the global digital payments giant, said on Tuesday it has received approval from the People's Bank of China (PBOC) to begin formal preparations to establish a domestic bankcard clearing institution in the country. The approval, announced by Visa in a statement, marks an important milestone towards the company serving China's domestic payments market. “The approval of our application to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Visa Approved to Prepare Domestic Payments Business in China",
        "url": "https://urgent.news/2026/10/13/visa-approved-to-prepare-domestic-payments-business-in-china",
        "published": "2026-10-13T04:09:40.000Z"
      },
      {
        "outlet": "Financial Post",
        "title": "Visa Receives Approval to Begin Preparations for a Domestic Business in China",
        "url": "https://urgent.news/2026/10/13/visa-receives-approval-to-begin-preparations-for-a-domestic-business",
        "published": "2026-10-13T04:13:07.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Visa gets approval to prepare for domestic business in China",
        "url": "https://urgent.news/2026/10/13/visa-gets-approval-to-prepare-for-domestic-business-in-china",
        "published": "2026-10-13T05:42:17.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Visa approved to prepare domestic payments business in China",
        "url": "https://urgent.news/2026/10/13/visa-approved-to-prepare-domestic-payments-business-in-china",
        "published": "2026-10-13T05:50:00.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Visa gets Beijing's green light for bank card business after 40 years of working with China",
        "url": "https://urgent.news/2026/10/13/visa-gets-beijings-green-light-for-bank-card-business-after-40-years",
        "published": "2026-10-13T06:20:55.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Visa approved to prepare domestic payments business in China",
        "url": "https://urgent.news/2026/10/13/visa-approved-to-prepare-domestic-payments-business-in-china-14139484",
        "published": "2026-10-13T06:44:46.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Visa gets approval to prepare for domestic business in China",
        "url": "https://urgent.news/2026/10/13/visa-gets-approval-to-prepare-for-domestic-business-in-china-14153072",
        "published": "2026-10-13T07:39:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}