China’s central bank approved Visa to begin preparations for a locally registered bankcard clearing institution, a step that could let the company directly settle domestic yuan transactions and compete in China’s payments market. Visa has one year to complete its preparations and called the approval a milestone in its long-term commitment to China.

Business· 14h

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Ryan McInerney

American business executive; CEO of Visa Inc.

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RRyan McInerney· Business · 14 sources · 14hStory

China Approves Visa Card-Clearing Preparations

Business· 14h

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About Ryan McInerney

Ryan McInerney is an American business executive. Since 2023, he has been the Chief Executive Officer of Visa, Inc. He was elected to serve on the University of Notre Dame's Board of Trustees on May 31, 2024; his tenure began on July 1, 2024.

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