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Ryan McInerney Finally Gets Visa a Path Into China’s Domestic Card Market

Visa and Tencent will use AI and Visa Direct to make cross-border payments easier and expand money transfers for travelers and overseas users.

Summary by Observer
Visa has preliminary approval to build a domestic clearing business in China. CEO Ryan McInerney enters the push after a record fiscal year and into a market transformed by UnionPay, Alipay and WeChat Pay.

6 Articles

Tencent and Visa will expand partnership in cross-border payments and trade with AI agents in China after further regulatory approvals

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  • 67% of the sources are Center
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CNBC broke the news in Englewood Cliffs, United States on Thursday, October 29, 2026.
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