--- title: "Trump Pushes For 'Blackballed' Visa's Access To China's Credit Card Market: 'Maybe That Will Come Off…'" type: "News" locale: "en" url: "https://longbridge.com/en/news/286533803.md" description: "President Trump has urged China to allow U.S. credit card companies, particularly Visa, greater access to its financial market during discussions with President Xi Jinping. He expressed concerns over Visa's exclusion from China's credit card market and highlighted the importance of this issue in ongoing U.S.-China trade negotiations. This push aligns with previous efforts to enhance market access for U.S. payment networks in China." datetime: "2026-05-15T08:30:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286533803.md) - [en](https://longbridge.com/en/news/286533803.md) - [zh-HK](https://longbridge.com/zh-HK/news/286533803.md) generator: "portal-rs" --- # Trump Pushes For 'Blackballed' Visa's Access To China's Credit Card Market: 'Maybe That Will Come Off…' President **Donald Trump** has reportedly pushed for broader access to China's financial market for U.S. credit card companies. During talks with Chinese President **Xi Jinping**, Trump raised concerns about the limited access these companies face in China's credit card market. “I said, ‘What about letting Visa?'" Trump said during an interview with **Sean Hannity** of Fox News on Thursday. The President highlighted **Visa Inc**.’s (NYSE:V) significant market presence and questioned its exclusion from China, expressing optimism for a potential change. “For some reason, they were blackballed, and maybe that will come off,” Trump said  "We had the head of Visa there today, by the way. Visa is a big deal,” he added. Visa CEO **Ryan McInerney** joined about 30 U.S. business executives in Trump's delegation during the state visit to China. This initiative is part of Trump’s wider efforts to facilitate China’s market accessibility for U.S. businesses, a crucial aspect of the ongoing trade negotiations between the two nations. **Read Also: Visa Boasts Biggest Revenue Beat In Four Years, Highest Share Buyback In Its History** ## US Payment Giants Push Into China Access for U.S. payment networks to China's vast payments market has been a longstanding issue in U.S.-China trade tensions. In 2015, China announced rules allowing foreign bank-card clearing firms to enter its domestic payments market, ending the long-standing monopoly of state-owned **China UnionPay Co.** In 2020, **American Express** (NYSE:AXP) secured approval to launch bank card clearing operations in China. Three years later, China greenlighted **Mastercard Inc.** (NYSE:MA) to clear domestic yuan-denominated bank-card transactions in the country through its joint venture with **NetsUnion Clearing Corporation** (NUCC). In 2024, Mastercard expanded its cross-border remittance capabilities by partnering with Alipay, a mobile payments powerhouse affiliated with **Alibaba Group Holding Limited** (NYSE:BABA). This partnership enabled Mastercard to tap into Alipay’s vast consumer base of over a billion people in China, marking a significant expansion of Mastercard's existing relationship with Alipay. ***Disclaimer*:** *This content was produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Image via Shutterstock* **Read Also: Mastercard May Ride Visa's Momentum Into Earnings, Analyst Says** ### Related Stocks - [V.US](https://longbridge.com/en/quote/V.US.md) - [AXP.US](https://longbridge.com/en/quote/AXP.US.md) - [MA.US](https://longbridge.com/en/quote/MA.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [SSTK.US](https://longbridge.com/en/quote/SSTK.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Related News & Research - [$1000 Invested In Visa 15 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/298936844.md) - [Visa Inc. $V Shares Acquired by Integrated Wealth Concepts LLC](https://longbridge.com/en/news/298445516.md) - [Visa (V) Stock Looks Fair On Value But Rich On Earnings](https://longbridge.com/en/news/298458820.md) - [Visa Inc. $V Shares Purchased by Talon Private Wealth LLC](https://longbridge.com/en/news/298775167.md) - [One year after Visa's on-chain lending white paper, it is moving from a payment network to a credit network.](https://longbridge.com/en/news/298395158.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**