Appraisal of the Economic Implication of Electronic Banking in Nigeria Bank (Study of Diamond Bank PLC):- Onalu, Esther C.
ABSTRACT
As bank operations become complex
and as the users of financial services increase it therefore becomes imperative
to study the economic implication of electronic banking system in Nigeria
banks. The objective includes; evaluating the economic impact of electronic
banking on the operations of financial institution in the country, examine the
effect of electronic banking on bank. Customer relationship, and ascertain the
challenges facing the operations of electronic banking in Nigeria. Survey
research design was employed in this study as the primary data was generated
using questionnaire. Chi-square was used Ito analyze the data and the findings
show that the introduction ofj electronic banking in Nigeria has a strong
influence on the development of the payment system in particular and- the
banking system in general. The major problems hindering the effective operation
of electronic banking in Nigeria are infrastructural deficiencies such as
erratic power supply, lack of government support and high charge on payment
terminals (PCS, ATMS) etc. These problems are only peculiar to Nigeria as it is
known that in developed countries issues like power failure or failure links
are not in existence. Therefore, this work concludes that electronic banking
has reduced the expected volume and cost of rending various financial services
by banks.
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ONALU, C (2023). Appraisal of the Economic Implication of Electronic Banking in Nigeria Bank (Study of Diamond Bank PLC):- Onalu, Esther C.. Repository.mouau.edu.ng: Retrieved Apr 27, 2024, from https://repository.mouau.edu.ng/work/view/appraisal-of-the-economic-implication-of-electronic-banking-in-nigeria-bank-study-of-diamond-bank-plc-onalu-esther-c-7-2
CHIMA, ONALU. "Appraisal of the Economic Implication of Electronic Banking in Nigeria Bank (Study of Diamond Bank PLC):- Onalu, Esther C." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 20 Dec. 2023, https://repository.mouau.edu.ng/work/view/appraisal-of-the-economic-implication-of-electronic-banking-in-nigeria-bank-study-of-diamond-bank-plc-onalu-esther-c-7-2. Accessed 27 Apr. 2024.
CHIMA, ONALU. "Appraisal of the Economic Implication of Electronic Banking in Nigeria Bank (Study of Diamond Bank PLC):- Onalu, Esther C.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 20 Dec. 2023. Web. 27 Apr. 2024. < https://repository.mouau.edu.ng/work/view/appraisal-of-the-economic-implication-of-electronic-banking-in-nigeria-bank-study-of-diamond-bank-plc-onalu-esther-c-7-2 >.
CHIMA, ONALU. "Appraisal of the Economic Implication of Electronic Banking in Nigeria Bank (Study of Diamond Bank PLC):- Onalu, Esther C." Repository.mouau.edu.ng (2023). Accessed 27 Apr. 2024. https://repository.mouau.edu.ng/work/view/appraisal-of-the-economic-implication-of-electronic-banking-in-nigeria-bank-study-of-diamond-bank-plc-onalu-esther-c-7-2