Global card payments giant open to option of buying local company

Visa Inc, the world's biggest card payments network, is gearing up to participate in yuan-denominated business in China, as regulators prepare to release rules facilitating foreign players to enter domestic market possibly as soon as July.

Jeff Liao, country manager of Visa Information Systems (Shanghai) Co Ltd, told China Daily that his fingers are crossed for the opportunity to launch its first single-branded Visa card in China as soon as possible.