EFFECT OF ELECTRONIC BASED TRANSACTIONS SYSTEM (EBTS) ON THE NIGERIAN ECONOMY, 2006-2017

Agu, Bartram Onyebuchi and Nwankwo, S.N.P (2019) EFFECT OF ELECTRONIC BASED TRANSACTIONS SYSTEM (EBTS) ON THE NIGERIAN ECONOMY, 2006-2017. European of Accounting Finance and Investment, 5 (9). pp. 84-93. ISSN 346-7037

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Abstract

This study investigated the effect of Electronic Based Transactions System (EBTS) on the Nigerian economy. Specifically the study sought to,. (a) evaluate the long-run effect of Point of Sale (PUS) on Gross Domestic Product (GDP) in Nigeria (b) ascertain the responsiveness of NIBSS Instant Payment (NIP) on Gross Domestic Product (GDP) in Nigeria (c) determine the degree of relationship between Mobile Inter scheme Transaction (MIT) on Gross Domestic Product (GDP) of Nigeria. (d) determine the impact of NIBSS Electronic Funds Transfer (NEFT) on Gross Domestic Product (GDP) of Nigeria. The researchers adopted time series data from 2006 to 2017 which were drawn from CBN e-payment statistics and National Bureau of Statistic. The data obtained was subjected to an advanced econometric technique. Multiple regressions estimation of ordinary least square (ULS) was adopted as the tool for analysis. The result of the study indicates that Mobile inter scheme Transaction (MIT) has a negative and no significant relationship with Gross Domestic Product. NEFT has positive and no significant impact on GDP. NIP has negative and no significance effect on GDP. PUS has positive and significance effect on GDP. The study concludes that there is a great need for the Government and Stakeholders to be sustain the developmental tempo of e- payment channels to enhance diversification of Nigerian economy. Keywords: E-payment, Point of Sale, NIBSS Instant Payment (NIP,), Mobile Inter scheme transactions (MIT) and Electronic Fund transfer (NEFT,)

Item Type: Article
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 16 Oct 2019 08:49
Last Modified: 16 Oct 2019 08:49
URI: http://eprints.gouni.edu.ng/id/eprint/2354

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