EMERGING TREND OF ELECTRONIC PAYMENT SYSTEM IN NIGERIA

Authors

  • Rabiu Iliya Department of Business Administration, Jigawa State Polytechnic Dutse, Nigeria.
  • Abubakar S. Dalha Department of Business Administration, Jigawa State Polytechnic Dutse, Nigeria.
  • Ahmed Hassan Department of Business Administration, Jigawa State Polytechnic Dutse, Nigeria.
  • Nura Isah Department of Business Administration, Jigawa State Polytechnic Dutse, Nigeria.

Keywords:

Automated Teller Machine, Electronic Banking, Electronic Internet and Network, Payment System, Point of Sales

Abstract

This study investigated the economic benefits, challenges and evaluation of electronic payment system in the Nigeria economy. The study is quantitative by its nature and the study utilizes secondary data from various scholarly articles, journals, government report and periodic of similar researches conducted in the recent past. The study reveals that e-payment system makes our life better and has significant impact on the overall economic growth and individual living standard in Nigeria. The study also reveals that e-payment system in Nigeria is characterized by couple of challenges such as security, poor infrastructures, legal and regulatory issues and other socio-economic issues. The study recommends that the Nigerian Government should provide much needed support for e-payment system to be effective and convenient in order to make economic activities in the country safe and reliable to consumers, firms, enterprises and government establishments.

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Published

2024-03-20

Issue

Vol. 1 No. 4 (2023): December

Section

Articles

License

Copyright (c) 2024 UBSJBEP

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