Visa receives approval from the People's Bank of China to prepare domestic bank card clearing business in China
Visa has received approval from the People's Bank of China for its Application to Prepare, allowing it to begin preparations for a domestic bank card clearing business in China. The approval is a preparatory milestone for Visa's entry into China's domestic payments market, but does not mean it has begun operations in China; Financial Times said Visa has attempted to establish such a business since 2015.
推荐理由：The People's Bank of China's approval is a preparatory license rather than formal authorization to operate, clarifying the stage Visa has reached in entering China's domestic payments market.