EFFECT OF E-PAYMENT SYSTEMS ON GROSS DOMESTIC PRODUCT OF NIGERIA

Authors

  • Isamade Burabari Andrea School of Postgraduate Studies, Godfrey Okoye University, Enugu, Nigeria
  • Sergius Nwannebuike Udeh, Ph.D Department of Accounting and Finance, Godfrey Okoye University, Enugu, Nigeria
  • Patricia Ukachi Allison Department of Business Management, Godfrey Okoye University, Enugu, Nigeria

Abstract

The aim of this study was to investigate the effect of e-payment systems on gross domestic product of Nigeria. Specifically, the study was set to determine the effect of Automated Teller Machine (ATM) payment system, Point of Sale (POS) payment system and mobile applications payment system on gross domestic product in Nigeria. The study adopted ex –post facto research design. The population comprised of all the quoted telecommunication companies listed on Nigeria Stock Market as at 2020 while the sample size comprised of MTN Nigeria, eTranzact, Chams Plc, Courteville Business Solutions Plc and Omatek Plc. Judgmental sampling technique was used in selection of the sample. Auto Regressive Distributed Lag Model (ARDL) was used as the analytical technique. The study revealed that ATM payment system, Point of Sales (POS) payment system and mobile applications payment system have significant effect on economic growth in Nigeria. The study recommended that banks should constantly upgrade hardware and software whenever a new feature of enhancing security becomes available.

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Published

2022-05-04

How to Cite

Andrea, I. B., Udeh, S. N., & Allison, P. U. (2022). EFFECT OF E-PAYMENT SYSTEMS ON GROSS DOMESTIC PRODUCT OF NIGERIA. British International Journal of Applied Economics, Finance and Accounting, 6(3). Retrieved from https://aspjournals.org/Journals/index.php/bijaefa/article/view/59

Issue

Vol. 6 No. 3 (2022): May-June

Section

Articles

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