AmEx Wins Clearing License for China’s $27 Trillion Market – Bloomberg

American Express Co. received approval to start bank card clearing services in China, making it the first foreign payments network to be allowed to process local currency transactions in one of the world’s largest markets.
— Read on www.bloomberg.com/news/articles/2020-06-13/amex-wins-card-clearing-license-for-china-s-27-trillion-market