EFFECT OF ELECTRONIC PAYMENT ON FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

  • UGBEDE JOHN THANKGOD Kogi State University, Anyigba
  • YAHAYA ALHASSAN Kogi State University, Anyigba
  • EDICHA MUHAMMED JAMES Kogi State University, Anyigba

Abstract

This study examined the effects of electronic payment on financial performance of deposit money bank in Nigeria. Data were collected from secondary sources through annual reports and statistical bulletin of Central Bank of Nigeria. Electronic banking was measured using the Automatic teller machine, internet banking and POS while financial performance was measured using the profitability of deposit money banks in Nigeria. Multiple regression technique was used. The study revealed that ATM does not contribute to profitability of the sampled banks and also is not significant to banks profitability, POS has a positive contribution to bank profitability, and is also statistically significant to bank profitability, likewise, internet banking also has a positive contribution and statistically significant to profitability of the banks. It is therefore recommended that banks that want to improve their financial performance must offer numerous products/services through POS and IBK in an effective, efficient and cost effective manner.

Author Biographies

UGBEDE JOHN THANKGOD, Kogi State University, Anyigba

Department of Accounting

YAHAYA ALHASSAN, Kogi State University, Anyigba

Department of Accounting

EDICHA MUHAMMED JAMES, Kogi State University, Anyigba

Department of Accounting

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Published
2019-07-15