Visa China approved to prepare for bank card clearing institution. CEO McInerney: Striving to launch operations in China as soon as possible.

According to a message from Visa's official service account on October 13, Visa has officially received approval from the People's Bank of China to prepare a bank card clearing institution within China. Visa will continue to complete the follow-up work and conduct bank card clearing business within China. Visa CEO McInerney said that the approval of this preparation application is another important milestone in Visa's long-term commitment to serving the Chinese market. The company looks forward to actively carrying out follow-up work in accordance with the relevant regulatory provisions of the People's Bank of China, so as to strive to begin operations in China as soon as possible.