Visa applies for direct access to China’s bank-card clearing market as it moves to challenge UnionPay dominance – South China Morning Post

South China Morning Post

Visa applies for direct access to China’s bank-card clearing market as it moves to challenge UnionPay dominance
South China Morning Post
“Visa has filed an application with the People’s Bank of China to participate in the Chinese domestic market as a bank-card clearing institution,” the US-based card payment firm said in a statement, noting its long-term commitment is to grow in China

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