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The banking sector is the fastest growing sector contributing to the financial development of the country with the advancement in technology. In wake of the COVID-19 pandemic that gripped the world in 2020, the global economy underwent a rapid digital transformation, and this shift further highlighted the crucial role played by payment processing networks in facilitating financial transactions.These networks enable the seamless transfer of funds through card associations and Electronic Fund Transfer (EBT) systems,making it easier for individuals and businesses to conduct transactions in a safe, secure, and efficient manner.The basic requirement of the study is to find out the effectiveness of financial services provided by Visa and MasterCard payment networks.
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Chandni et al. (2024) studied this question.
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