E-Banking Payment Instruments and Deposit Money Banks' Performance in Nigeria: An Empirical Investigation

Abstract

This paper carried out an empirical investigation of the impact of e-banking payment instruments on the performance of Deposit Money Banks (DMBs)in Nigeria for the period 2009 to 2017. The major findings of the paper showed that ATM exerted a negative effect on ROA but was significant at the 5% level; exerted a positive effect on ROE at the 5% level, and negative effect on NPM at the 5% level. POS exerted a negative effect on ROE but was significant at the 5% level; it exerted positive and significant impact on NPM; WB exerted positive and significant effect on ROA and NPM at the 5% level. These findings were robust and impressive as the value of the ECM(-1), -0.3988, -0.4857, -0.5863 and -22682 appeared with the right signs. The coefficients of determination, R 2 , in the three columns showed that all the independent variables accounted for over 50% fluctuations in the dependent variables. The paper concluded that e-banking payment instruments have great potentials in enhancing the performance of the DMBs. It was therefore recommended that the DMBs make it a matter of policy to continually upgrade the efficiency of these all-important instruments to meet the expectations and satisfaction of their clients and hence shareholders' wealth.

Technological Disruption and Deposit Money Banks Financial Performance in the Pre and Post Covid-19 Pandemic in Nigeria

“…Although there have been a lot of scholarly works and studies on technological disruption which voyage around its benefits, implications of the technological innovation on employment as well as its significance to the growth of the economy, most of these works do not hint on how specific banks deliver their electronic banking services and service delivery to their customers. Besides, there is shortage of literature examines technological disruption in relation to finance, most dwell on technological disruption in relation to service delivery among banks in Nigeria such as the studies of Oluyi and Abioye (2020), Nyiranzabamwita and Harelimana (2019), Obikeze, Okolo, Okolo, Mmamel and Okonkwo (2017) and Anyikwa and Oladimeji (2015) while majority of the studies are examine electronic banking relation to performance (such as; Ughulu and Agbonkhese, 2020;Amaduche, Babatunde and Adediji, 2020;Olaiya and Adeleke, 2019 etc. ) and satisfaction (such as; Nwekpa, Djobissie, Chukwuma and Ezezue, 2020;Chimaobi, Akujor andMbah, 2020, Meteke, Ehiedu, Ndah, and; Obaro, Onuorah, Evesi and Ehiedu, (2022); Omojefe, and Ehiedu, (2017) and Onuorah, Ehiedu and Okoh, (2021;etc.).…”

Commodity Price Shock and Economic Performance: An Empirical Evidence for Nigeria

“…Nnanna, Englama & Odoko, (2004), refers economic growth to capacity of an economy to augment the output of products and services by utilising the available capital stock and other sources of production inside the economy. Therefore, it encompasses the augmentation of per capita income, resulting in achievement of superior quality of life comparable to that of developed nations (Todaro & Smith, 2011;Ughulu & Ajayi, 2020). From a theoretical perspective, it may be argued that economic growth plays a pivotal role in driving the trajectory of economic development (Sen, 1983).…”

The Long-Run Impact of E-Payment on Financial Inclusion in Nigeria

“…Hence, our empirical and econometric-study is poised to investigate the long-run impact of e-payment on the effectiveness and efficiency of FI in Nigeria. Furthermore, majority of the previous studies such as Adrian and Mancini-Griffoli(2019), Reuben and Anyanwaokoro(2019), Khiaonarong and Goh (2020), Ughulu and Agbonkhese (2020),UNSGSA (2020), Khera et al,(2021aKhera et al,( , 2021b, and UNCTAD (2021) devoted to the construction of the FI index either concentrated on only a narrow aspect of e-payment such as Automated Teller Machine (henceforth e-ATM) or omitted e-payment completely. This observation was acknowledged by Gupta, Venkataramani and Gupta (2012).…”