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100 _aADENIJI, Ruth Bukola.
_98727
245 _aThe effect of payment system on the economic growth of nigeria
250 _aDr. J. O Omokehinde
260 _aIbafo
_bDepartment of Accounting and Finance
_c2020
300 _avi,; 53p.
_billus.,tables.
520 _aAbstract This study examined the effect of Electronic Payment System on the Bank’s performance in Nigeria from 2012-2018. The study used the Banking Index from the Nigerian Stock Exchange as the measure of the performance of banks. The study used ex-post -facto research design, while the data for the payment platform was sourced from the Central Bank of Nigeria annual reports. The payment platforms used are Point of Sale (POS), Automatic Payment System (ATM), Nigerian Interbank Electronic Fund Transfer (NEFT) and Nigerian Interbank Instant Payment (NIP). Regression analysis was used to analyze the data. The analysis was carried out using the Statistical Package for Social Sciences (SPSS). The empirical result revealed that there is no significant relationship between the banking index and Point of Sale transactions with a p-value 0.705. The study also revealed there is no significant relationship between Automatic Payment Machine (ATM), NEFT and NIP. The p-value of these is 0.681, 0.866 and 0.763 respectively. The study recommended that dealings charged out to be reviewed to a little or no charge at all to encourage more patronage of e-payment platforms while CBN, Deposit money banks (DMB) ought to give public enlightenment and awareness programs which will encourage the unbanked people into the banking industry particularly those within the informal sector in Nigeria. Keywords: Electronic Payment System, Deposit Money Banks, Point of Sale, Automatic Teller Machine
650 _aSocial Science
_vFinance
_98458
942 _cTHS
999 _c6190
_d6190