The effect of e-payment system on economic growth - evidence from Nigeria Department:Banking and Finance By: godwin01 Project ID: 7866 Rating: (5.0) votes: 1 Price:₦3000 Get the Complete MaterialAbstractLittle empirical evidence exists on how the e-payment system improves the economic growth of a developing country like Nigeria. Based on this, this study will examine the effect of the e-payment system on economic growth with a specific focus on the Nigerian economy. The data for the study were extracted from the CBN statistical bulleting from 2009-2022. The dependent variable is economic growth and the independent variables are Automated teller machines, point of sales, mobile banking, and online banking. Regression analysis of ordinary least square estimation coupled with a grander causality test was employed in this analysis. The study found that automated teller machines and mobile banking show an insignificant positive relationship with economic growth in Nigeria. It also reviews that point of sales exhibited a significant positive relationship with economic growth while the effect of online banking on economic growth is negative but significant. The study concluded that the overall significance of the model given by the value of F-statistics shows that the whole model is significant and are good predictor of economic growth in Nigeria. Therefore the study recommended that for an economy to experience growth it must pay attention to improving its payment services especially point of sales since this variable significantly influenced economic growth in Nigeria. In as much as online banking is significant but inversely related to the economic growth of Nigeria the study suggested that polices should be put in place by monetary authorities to ensure that banks improve the security of e-payment transactions for their customers and prevent the security threat experienced by online users. To increase the patronage of point of sales and online banking, the charges placed on these two products/services should be reduced. ...Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)