EFFECT OF ELECTRONIC PAYMENT ON FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA
Resumo
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.
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Alagheband, P. (2006). “Adoption of Electronic Banking Services by Iranian Customers”, Master’s Thesis, Lulea University of Technology, Sweden.
Dogarawa, Y. (2015). “The Applicability of Technology Acceptance Model outside North America: An Empirical Test in the United Kingdom”. Information Resource Management Journal, 14 (3), 37- 46.
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Assessment of an Extended TAM”. International Journal of Economics and Finance, 5 (1), 166-
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Thulani, Tofara & Langton, (2009) “E-Banking in Developing Economy: Empirical Evidence from Nigeria”. Journal of Applied Quantitative Methods, 5 (2), 212- 222.
Siyanbola .K. (2013 )“E-Banking in Developing Economy: Empirical Evidence from Nigeria”.
Journal of Applied Quantitative Methods, 5 (2), 212- 222.
Ayo, C.K., Adewoye, J.O., & Oni, A.A. (2010). “The State of E-banking Implementation in Nigeria: A post Consolidation Review”. Journal of Emerging Trends in Economics and Management Sciences, 1 (1), 37- 45.
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Davis, F.D., Bagozzi, R.P., & Warshaw, P.R. (1989). “User Acceptance of Computer Technology: A
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Ekwueme, C.M., Egbunike, P. (2012). “An Empirical Assessment of the Operational Efficiency of Electronic Banking: Evidence of Nigerian Banks”. Review of Public Administration and Management, 1(2), 108- 138. [Online] Available: http// www.omicsonline.org
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Fonchamnyo, D.C. (2013). “Customers’ Perception of E-banking Adoption in Cameroon: An Empirical Assessment of an Extended TAM”. International Journal of Economics and Finance, 5 (1), 166- 176. http://dx.doi.org/10.5539/ijef.v5n1 p166.
Ghauri, S.M.K., Javaid, K., & Ramzan, M. (2012). “Determinants of Growth of Islamic Retail Bank in Pakistan”. International Journal of Business and Social Research, 2 (7), 70- 84.
Ghauri, S.M.K., Javaid, K., & Ramzan, M. (2012). “Determinants of Growth of Islamic Retail Bank in Pakistan”. International Journal of Business and Social Research, 2 (7), 70- 84.
Gonzalez, M.E. (2008). “An alternative Approach in Service Quality: An E-banking Case Study”. Quality Management Journal, 15(1), 41- 58.
Gonzalez, M.E. (2008). “An alternative Approach in Service Quality: An E-banking Case Study”. Quality Management Journal, 15(1), 41- 58.
Hassan, S.U., Mamman, A., & Farouk, M. A. (2013). “Electronic Banking Products and Performance of
Hassan, S.U., Mamman, A., & Farouk, M. A. (2013). “Electronic Banking Products and Performance of
Howcroft, B., Hamilton, R., & Heder, P. (2002). “Consumer Attitude and the Usage and Adoption of home
Howcroft, B., Hamilton, R., & Heder, P. (2002). “Consumer Attitude and the Usage and Adoption of home
Nigerian Deposit Money Banks.” American Journal of Computer Technology and Application, 1 (10), 138- 145. [Online] Available: http//:www.ajcta.com (August 20, 2014)
Nigerian Deposit Money Banks.” American Journal of Computer Technology and Application, 1 (10), 138- 145. [Online] Available: http//:www.ajcta.com (August 20, 2014)
Thulani, D., Tofara, C., & Langton, R. (2011). “Adoption and Use of Internet Banking in Zimbabwe: An
Ugbede .J. (2019). “Effect of Information Technology on Tax Income In Nigeria”. Unpublished Manuscript, Kogi state university.
Venkatesh, V., & Davis, F.D. (1996). “A Model of Antecedents of Perceived Ease of Use: Developments and
Yahiya, S. (2011). “Prospects and Challenges of Electronic Banking in Ghana”, Master’s Thesis, Kwame
Ife Journal of Economics and Finance, 5 (1), 1- 2.
Akinyele, S.T., & Olorunleke, K. (2010). “Technology and Service Quality in the Banking Industry: An Empirical Study on the Various Factors of Electronic Banking”. International Journal of Business Management, 4 (4), 209- 221.
Alagheband, P. (2006). “Adoption of Electronic Banking Services by Iranian Customers”, Master’s Thesis, Lulea University of Technology, Sweden.
Dogarawa, Y. (2015). “The Applicability of Technology Acceptance Model outside North America: An Empirical Test in the United Kingdom”. Information Resource Management Journal, 14 (3), 37- 46.
Amedu, U.M. (2005). “Domestic Electronic Payment in Nigeria: The Challenges of Central Bank of Nigeria”. Bullion 29 No. 1 January/ March.
Amedu, U.M. (2005). “Domestic Electronic Payment in Nigeria: The Challenges of Central Bank of Nigeria”. Bullion 29 No. 1 January/ March.
Arthukorala, P., & Sen, K. (2004). “The Determinants of Private Savings in India”. World Development, 32 (2), 491- 503.
Nnaemeka, Ezema and Onuoha (2012) “The Determinants of Private Savings in India”. World Development, 32 (2), 491- 503.
Assessment of an Extended TAM”. International Journal of Economics and Finance, 5 (1), 166-
176. http://dx.doi.org/10.5539/ijef.v5n1 p166.
Thulani, Tofara & Langton, (2009) “E-Banking in Developing Economy: Empirical Evidence from Nigeria”. Journal of Applied Quantitative Methods, 5 (2), 212- 222.
Siyanbola .K. (2013 )“E-Banking in Developing Economy: Empirical Evidence from Nigeria”.
Journal of Applied Quantitative Methods, 5 (2), 212- 222.
Ayo, C.K., Adewoye, J.O., & Oni, A.A. (2010). “The State of E-banking Implementation in Nigeria: A post Consolidation Review”. Journal of Emerging Trends in Economics and Management Sciences, 1 (1), 37- 45.
Ayo, C.K., Adewoye, J.O., & Oni, A.A. (2010). “The State of E-banking Implementation in Nigeria: A post Consolidation Review”. Journal of Emerging Trends in Economics and Management Sciences, 1 (1), 37- 45.
Balachandher, K.G. (2001). “Electronic Banking in Malaysia”. Unpublished Manuscript, Multimedia University, Malaysia.
Balachandher, K.G. (2001). “Electronic Banking in Malaysia”. Unpublished Manuscript, Multimedia University, Malaysia.
Bies, S.B. (1971). “Determinants of Commercial Bank Growth”. Unpublished Manuscript, Federal Reserve Bank, St. Louis.
Bies, S.B. (1971). “Determinants of Commercial Bank Growth”. Unpublished Manuscript, Federal Reserve Bank, St. Louis.
Bosede, A.F., & Olubukunola, U. (2013). “Returns on Investment of Deposit Money Banks in Nigeria”. Journal of Applied Finance and Banking, 3 (3), 195- 206.
Bosede, A.F., & Olubukunola, U. (2013). “Returns on Investment of Deposit Money Banks in Nigeria”. Journal of Applied Finance and Banking, 3 (3), 195- 206.
Chibueze, A.Z., & Maxwell, O.O., & Osondu, N.M. (2013). “Electronic Banking and Bank Performance in Nigeria”. West African Journal of Industrial and Academic Research, 6 (1), 1- 17.
Chibueze, A.Z., & Maxwell, O.O., & Osondu, N.M. (2003). “Electronic Banking and Bank Performance in Nigeria”. West African Journal of Industrial and Academic Research, 6 (1), 1- 17.
Comparison of Two Theoretical Models. Management Science, 35 (8), 982- 1003. http://dx.doi.org/10.1287/mnsc.35.8.982.
Daniel, E. (1999). “Provision of Electronic Banking in the UK and Republic of Ireland”.
International Journal of Bank Marketing. 17 (2), 72- 82.
Daniel, E. (1999). “Provision of Electronic Banking in the UK and Republic of Ireland”.
International Journal of Bank Marketing. 17 (2), 72- 82.
Davis, F.D. (1989). “Perceived Usefulness, Perceived Ease of Use and User Acceptance of Information Technology”. MIS Quarterly, 13 (3), 318- 339.
DeYoung, .K. (2005) “Perceived Usefulness, Perceived Ease of Use and User Acceptance of Information
Davis, F.D., Bagozzi, R.P., & Warshaw, P.R. (1989). “User Acceptance of Computer Technology: A Comparison of Two Theoretical Models”. Management Science, 35 (8), 982- 1003.
Davis, F.D., Bagozzi, R.P., & Warshaw, P.R. (1989). “User Acceptance of Computer Technology: A
Dogarawa, A. B. (2005). “The Impact of E-banking on Customer Satisfaction in Nigeria”. [Online] Available: http://mpra.ub.uni-muenchen.de/23200/ (September 15, 2013).
Dogarawa, A. B. (2005). “The Impact of E-banking on Customer Satisfaction in Nigeria”. [Online] Available: http://mpra.ub.uni-muenchen.de/23200/ (September 15, 2013).
Ekwueme, C.M., Egbunike, P.A., & Amara, O. (2012). “An Empirical Assessment of the Operational Efficiency of Electronic Banking: Evidence of Nigerian Banks”. Review of Public Administration and Management, 1(2), 108- 138. [Online] Available: http// www.omicsonline.org (February 28, 2014).
Ekwueme, C.M., Egbunike, P. (2012). “An Empirical Assessment of the Operational Efficiency of Electronic Banking: Evidence of Nigerian Banks”. Review of Public Administration and Management, 1(2), 108- 138. [Online] Available: http// www.omicsonline.org
(February 28, 2014).
Exploratory Study”. Journal of Internet Banking and Commerce, 14 (1), 1- 13.
Field, A. (2009). Discovering Statistics Using SPSS (3rd ed.). London: Sage Publishers Ltd. Field, A. (2009). Discovering Statistics Using SPSS (3rd ed.). London: Sage Publishers Ltd. Fonchamnyo, D.C. (2013). “Customers’ Perception of E-banking Adoption in Cameroon: An
Empirical
Fonchamnyo, D.C. (2013). “Customers’ Perception of E-banking Adoption in Cameroon: An Empirical Assessment of an Extended TAM”. International Journal of Economics and Finance, 5 (1), 166- 176. http://dx.doi.org/10.5539/ijef.v5n1 p166.
Ghauri, S.M.K., Javaid, K., & Ramzan, M. (2012). “Determinants of Growth of Islamic Retail Bank in Pakistan”. International Journal of Business and Social Research, 2 (7), 70- 84.
Ghauri, S.M.K., Javaid, K., & Ramzan, M. (2012). “Determinants of Growth of Islamic Retail Bank in Pakistan”. International Journal of Business and Social Research, 2 (7), 70- 84.
Gonzalez, M.E. (2008). “An alternative Approach in Service Quality: An E-banking Case Study”. Quality Management Journal, 15(1), 41- 58.
Gonzalez, M.E. (2008). “An alternative Approach in Service Quality: An E-banking Case Study”. Quality Management Journal, 15(1), 41- 58.
Hassan, S.U., Mamman, A., & Farouk, M. A. (2013). “Electronic Banking Products and Performance of
Hassan, S.U., Mamman, A., & Farouk, M. A. (2013). “Electronic Banking Products and Performance of
Howcroft, B., Hamilton, R., & Heder, P. (2002). “Consumer Attitude and the Usage and Adoption of home
Howcroft, B., Hamilton, R., & Heder, P. (2002). “Consumer Attitude and the Usage and Adoption of home
Nigerian Deposit Money Banks.” American Journal of Computer Technology and Application, 1 (10), 138- 145. [Online] Available: http//:www.ajcta.com (August 20, 2014)
Nigerian Deposit Money Banks.” American Journal of Computer Technology and Application, 1 (10), 138- 145. [Online] Available: http//:www.ajcta.com (August 20, 2014)
Thulani, D., Tofara, C., & Langton, R. (2011). “Adoption and Use of Internet Banking in Zimbabwe: An
Ugbede .J. (2019). “Effect of Information Technology on Tax Income In Nigeria”. Unpublished Manuscript, Kogi state university.
Venkatesh, V., & Davis, F.D. (1996). “A Model of Antecedents of Perceived Ease of Use: Developments and
Yahiya, S. (2011). “Prospects and Challenges of Electronic Banking in Ghana”, Master’s Thesis, Kwame
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2019-07-15
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