Title: Visa gets Beijing's green light for bank card business after 40 years of working with China URL Source: https://www.cnbc.com/2026/10/13/visa-china-green-light-bank-card-business-.html Published Time: 2026-10-13T06:20:55+0000 Markdown Content: [Skip Navigation](https://www.cnbc.com/2026/10/13/visa-china-green-light-bank-card-business-.html#MainContent) [](https://www.cnbc.com/) Visa gets Beijing’s green light for bank card business after 40 years of working with China * [Livestream](https://www.cnbc.com/live-tv/) CREATE FREE ACCOUNT [Markets](https://www.cnbc.com/markets/) * [Pre-Markets](https://www.cnbc.com/pre-markets/) * [U.S.
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IN](https://www.cnbc.com/2026/10/13/visa-china-green-light-bank-card-business-.html#) [Create free account](https://www.cnbc.com/2026/10/13/visa-china-green-light-bank-card-business-.html#) Visa gets Beijing’s green light for bank card business after 40 years of working with China * [Livestream](https://www.cnbc.com/live-tv/) CREATE FREE ACCOUNT [Markets](https://www.cnbc.com/markets/) [Business](https://www.cnbc.com/business/) [Investing](https://www.cnbc.com/investing/) [Tech](https://www.cnbc.com/technology/) [Politics & Policy](https://www.cnbc.com/politics/) [Video](https://www.cnbc.com/tv/) [Watchlist](https://www.cnbc.com/watchlist/) [Investing Club](https://www.cnbc.com/investingclub/subscribe?__source=investingclub|globalnav|join&tpcc=investingclub|globalnav|join)  [PRO](https://www.cnbc.com/application/pro?__source=pro|globalnav|join&tpcc=pro|globalnav|join)  [Livestream](https://www.cnbc.com/live-tv/) Menu [China Economy](https://www.cnbc.com/china-economy/) # Visa gets Beijing’s green light for bank card business after 40 years of working with China Published Tue, Oct 13 2026 2:20 AM EDT  [Evelyn Cheng](https://www.cnbc.com/evelyn-cheng/)[@in/evelyn-cheng-53b23624](https://linkedin.com/in/evelyn-cheng-53b23624)[@chengevelyn](https://twitter.com/chengevelyn) [WATCH LIVE](https://www.cnbc.com/live-tv/) Key Points * Visa said Tuesday it received China’s approval to begin the process of establishing a local bank card clearing business. * Mastercard and American Express have already gotten the approvals in the last several years. * Visa’s CEO became chair of the U.S.-China Business Council in June.
In this article * [V](https://www.cnbc.com/quotes/V) Follow your favorite stocks CREATE FREE ACCOUNT ![Image 8: A Visa credit card is seen in this illustration taken February 3, 2026.
REUTERS/Dado Ruvic/Illustration](https://im