Visa takes a fresh crack at China's elusive payments market

Key insights: Visa and UnionPay will connect Visa Direct and UnionPay's MoneyExpress platform. What's at stake: Visa, Mastercard and other companies are trying to tap China's huge payment market, but have faced difficult regulations. Forward Look: China's payments market is on pace to pass $70 trillion by 2031. Visa and Mastercard's long quest to offer payments to Chinese consumers and businesses is starting to bear fruit through partnerships that enable at least partial access to the massive market. ...