ANALYZING THE CUMULATIVE IMPACT OF DIVERSE ELECTRONIC TRANSACTIONS ON THE FINANCIAL GROWTH OF DMBS IN NIGERIA

https://doi.org/10.5281/zenodo.13611621

Authors

  • Ahmed Abubakar Zik-Rullahi, Ph.D Department of Accounting, Faculty of Management Sciences, University of Abuja, P.M.B 117, Gwagwalada- Abuja, Nigeria

Keywords:

Electronic Transactions, ATM, POS, EPSG and Financial Growth.

Abstract

This study analyzed the cumulative impact of diverse electronic transactions on the financial growth of listed deposit money banks in Nigeria. The analysis utilizes regression analysis to investigate the impact of ATM usage and POS transactions on Earnings per share Growth (EPSG). The findings indicate that both ATM usage and POS transactions have a positive but statistically insignificant impact on EPSG. The coefficients suggest a positive relationship between these variables and EPSG, indicating that an increase in ATM usage and POS transactions may contribute to some degree of financial growth. However, the p-values exceed the significance level, indicating that these relationships are not statistically significant. These results suggest that while ATM usage and POS transactions may positively influence the financial performance of deposit money banks, their impact on EPSG is not statistically significant. Therefore, banks should consider exploring additional avenues for driving financial growth, such as diversifying revenue streams, embracing technological advancements, focusing on customer engagement and experience, monitoring market trends, strengthening risk management practices, and fostering collaboration and partnerships. The findings of this study provide valuable insights for deposit money banks in Nigeria to make informed decisions regarding their business strategies

Published

2024-08-30

How to Cite

Ahmed , A. Z.-R. (2024). ANALYZING THE CUMULATIVE IMPACT OF DIVERSE ELECTRONIC TRANSACTIONS ON THE FINANCIAL GROWTH OF DMBS IN NIGERIA. Interdisciplinary Research Journal of Management and Social Sciences (IRJMSS), 11(3), 48–59. https://doi.org/10.5281/zenodo.13611621

Issue

Vol. 11 No. 3 (2024): July-August

Section

Original Peer Review Articles
Copyright & Licensing

Copyright (c) 2024 Interdisciplinary Research Journal of Management and Social Sciences (IRJMSS)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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