EMERGING TREND OF ELECTRONIC PAYMENT SYSTEM IN NIGERIA

Authors

  • Rabiu Iliya Department of Business Administration Jigawa State Polytechnic Dutse
  • Abubakar Sadiq Dalha Department of Business Administration Jigawa State Polytechnic Dutse
  • Ahmed Hassan Department of Business Administration Jigawa State Polytechnic Dutse
  • Nura Isah Department of Accountancy Jigawa State Polytechnic Dutse

Keywords:

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

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 convenientin order to make 
economic activities in the country safe and reliable to consumers, firms, enterprises and 
government establishments. 

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Published

2025-02-11

Issue

Vol. 3 No. 1 (2025): UBSJBEP ; FEBRUARY

Section

Articles

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