CASHLESS POLICY AND THE PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISES IN KOGI STATE

The study investigated cashless policy and the performance of Small and Medium Scale Enterprises in Kogi State. The main objectives were to; examine the connection between Online banking via the internet and the effectiveness of SMEs in Kogi State, investigate the relationship between Mobile Banking and the performance of SMEs in Kogi State. The study's population comprises 938,740 Small and MediumSized Enterprises located in Kogi State. 400 people make up the sample size. Primary data were used in the investigation. Information from the respondents was gathered using a questionnaire, which served as the main data source. The study employed descriptive and multiple regression analysis to test the hypotheses. The finding from the study revealed that, showed that the performance of small and mediumsized enterprises is influenced by the use of mobile and online banking. The study concluded that, the efficiency, productivity, and competitiveness of SMEs have increased dramatically as a result of the integration of these technologies, allowing them to expand and succeed in the current digital economy by streamlining their operations, managing their finances, and becoming more successful. The study recommended that, to enable cashless transactions, SMEs should use digital payment solutions like mobile wallets, internet banking, ATMs, and point-of-sale (POS) systems. They will be able to accommodate clients that favor cashless payment methods as a result.

1 05 Jul, 2024

pg: 16

JBMIC PORTAL SYSTEM

Contri. 3+