Visa got Beijing's green light for bank card business in China after 40 years of groundwork there. That is a fresh revenue lane in a market $V has been locked out of, and networks like this get paid o

What happened: Visa received approval from Beijing to operate a bank card business in China after 40 years of working with the country. Why it matters: The approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month. Coverage: 3 outlets in 24h

Visa received approval from Beijing to operate a bank card business in China after 40 years of working with the country.

The approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month.