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Visa approved to prepare domestic payments business in China
Visa’s clearance will allow it to operate in China’s US$144 trillion payments market
IMF warns of AI market correction, cyber threats to financial system
While AI is increasingly a source of economic vitality globally, it is also presenting unprecedented risks, the Fund said
China approves local clearing organisation for Visa after years-long wait
With a local clearing organisation in China, Visa would be able to settle domestic yuan transactions directly with its own network.
