U.S. Stock Market Fluctuations | Visa (V.US) and Mastercard (MA.US) Both Reach All-Time Highs; Visa Approved by China’s Central Bank to Conduct Bank Card Clearing Business in Mainland China

智通财经2026/10/13 16:02

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Zhihu Finance APP reports that on Tuesday, both Visa (V.US) and Mastercard (MA.US) rose more than 1% in early trading, reaching record highs. In terms of news, U.S. payment giant Visa announced that it has received approval from the People's Bank of China to prepare for establishing a bank card clearing business in mainland China, paving the way for it to follow in the footsteps of competitors Mastercard and American Express to enter the vast Chinese payment market.

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U.S. Stock Market Fluctuations | Visa (V.US) and Mastercard (MA.US) Both Reach All-Time Highs; Visa Approved by China’s Central Bank to Conduct Bank Card Clearing Business in Mainland China

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