‘The timing is notable’: China lets Visa start preparing to clear bank card payments, weeks before a third Xi-Trump meeting

U.S. payments giant Visa said Tuesday that it received approval to prepare to set up a bank card clearing business in China , a move that could allow Visa to compete for a share of the country’s large payments market. Some analysts see the development as an encouraging sign for American businesses following Chinese leader Xi Jinping’s meetings with President Donald Trump during a state visit to Washington last month.

Source: Fortune Crypto