AmEx Wins Clearing License for China’s $27 Trillion Market
American Express Co. credit cards are arranged for a photograph in New York, U.S. (Photographer: Scott Eells/Bloomberg)

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 transaction...
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