Visa has received approval from China's central bank to establish a local bank card clearing business, marking a key step for the U.S. company to operate domestically in China. This approval follows similar moves by Mastercard and American Express and comes amid ongoing U.S.-China trade discussions. Visa's CEO, who also chairs the U.S.-China Business Council, sees this as progress in accessing China's tightly controlled financial market. The move is expected to enhance Visa's presence in China's payments market, which is currently dominated by mobile payment platforms like WeChat Pay and Alipay.
Visa's market capitalization stands at $723.63 billion as of Oct 13, 2026, 13:01 WIB, reflecting its significant scale in the financial sector. On Pluang, Visa shares trade at USD 392.35 with a 1-day gain of 0.79%, while the platform shows a nearly balanced order activity with 54% selling and 46% buying. This trading activity occurs alongside Visa's recent approval to operate bank card clearing in China, a move that could influence its market presence further.
