: MS Word : 1-5 : 125 : Abstract
 Price: Just #2000
Get the complete project ยป

BAF00159 - IMPACT OF CASHLESS POLICY ON DEPOSIT MONEY BANKS PERFORMANCE IN NIGERIA


ABSTRACT

This study examines the impact of cashless policy on deposit money performances using proxies such as the value automated teller machine, point of sale (POS) and mobile banking (MOBILE) to examine is impact one the aggregate return on equity and return on asset of deposit money bank of Nigeria for the period of 2007 to 2016, through an ordinary least square (OLS) regression method of analysis. The result showed that ATM is positively related to ROE and ROA while POS does not have a significant impact on ROE and ROA. On the other hand, mobile banking has a negative impact on ROE and ROA; this is as a result of its high cost, fraudulent act, high level of illiteracy etc., which has discouraged many people from carrying out transaction using this medium for businesses and personal purposes. Consequently, non-usage of the mobile banking for online deposits had created a negative impact on profitability of DMBs. Thus, the study recommended that the government and other regulatory bodies should corporately maximize the return on cashless policy banking system and a well structural infrastructures. Also, the banks should provide sufficient standby generators that could be used in case of electricity failure, provide adequate ICT infrastructure and management framework, and enlighten the public on the importance of using ICT banking products.