Now that worldwide there is cashless society promotion with debit cards and credit cards used in shops/stores, online pay bills, shopping online.
Mastercard and VISA are the 2 biggest card issuers in the world and nobody close to them in the business. All the banks worldwide are dependent on Mastercard and VISA for providing debit and credit cards to their customers.
Mastercard and VISA can enter into the international banking business and provide debit and credit cards directly to the account holders.
Mastercard and VISA will have the complete banking services for their customers and fees could also be less and they can also pay 12% p.a interest of fixed deposits
