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Visa is looking to enter China's huge payments market after getting important approval.

RulesRead the original at Benzinga
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Visa received approval to prepare a domestic payments business in China, opening a path into that market. Analysts expect higher profit and sales, but more approvals remain, and the article flags weaker growth and sensitivity to disappointing results.

V · Visa Inc.

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This gives Visa a route to compete for payments inside China, but it cannot launch until it meets more requirements. Analysts also expect profit and sales to rise, though those are estimates, not reported results. Weaker growth scores and the risk of disappointment temper the promise, but the approval advances Visa’s China plans.

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