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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | EFFECT OF PAYMENT SYSTEMS ON DOMESTIC HOUSEHOLD SAVINGS IN NIGERIA |
| Authors Name: | Ogbole, Samuel Aboje |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_190892
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| Published Paper Id: | IJNRD2305007 |
| Published In: | Volume 8 Issue 5, May-2023 |
| DOI: | |
| Abstract: | This study investigated the effect of payment systems on domestic household savings in Nigeria. The specific objectives of the study were to examine the effect of cheque payment system on domestic household savings in Nigeria; to determine the effect of automated teller machines terminals on domestic household savings in Nigeria; to ascertain the effect of point of sales on domestic household savings in Nigeria; to find out the effect of webpay on domestic household savings in Nigeria and to investigate the effect of mobile pay on domestic household savings in Nigeria.The study adopted Ex-post facto research design and multiple linear regression model was used with the aid of STATA econometric software to analyze the data. Annual time series data for period 2009-2019 collected from the Central Bank of Nigeria statistical bulletin 2020. The dependent variable was domestic household savings while the independent variables included cheque, volume of automated teller machine transactions, web-pay, mobile-pay and point of sales respectively. The study found that cheque payment system has no significant effect on domestic household savings in Nigeria; automated teller machine terminals have significant effect on domestic household savings in Nigeria; point of sales have significant effect on domestic household savings in Nigeria, webpay have significant effect on domestic household savings in Nigeria and mobile pay has no significant effect on domestic household savings in Nigeria. It was concluded that these payment platforms are major contributor to customers’ propensity to save.The study recommended that policy makers and implementers such as the CBN and DMBs should sustain those policies that prevent carrying along huge sums of money by customers. |
| Keywords: | Payment Systems, Household Savings |
| Cite Article: | "EFFECT OF PAYMENT SYSTEMS ON DOMESTIC HOUSEHOLD SAVINGS IN NIGERIA", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 5, page no.a50-a61, May-2023, Available :http://www.ijnrd.org/papers/IJNRD2305007.pdf |
| Downloads: | 000118749 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2305007 Registration ID: 190892 Published In: Volume 8 Issue 5, May-2023 DOI (Digital Object Identifier): Page No: a50-a61 Country: OTUKPO, BENUE, Nigeria Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2305007 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2305007 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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