FINANCIAL TECHNOLOGY AND PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA (2010-2023)

This study examines the effects of financial technology (fin-tech) on the performance of deposit money banks in Nigeria. Ex-post facto research design is employed with a scope that spanned between 2010-2023.Various pre and post estimation tests were conducted. ARDL was used as the main estimation technique. Findings revealed that web payment has positive (1.954213) and significant (0.0528) effect on ROA of DMBs in Nigeria. The study also found that point of sales has positive (2.800475) and significant (0.0059) effect on ROA of DMBs in Nigeria. The study concluded that financial technology impact performance of deposit money banks in Nigeria. Based on the findings and conclusion, the study therefore recommended banks should invest in improving the security, speed, and reliability of web payment systems to enhance customer confidence and adoption. Banks should introduce incentives such as lower transaction fees and value-added services to encourage more businesses and individuals to utilize POS for transactions.

0 18 May, 2025

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JBMIC PORTAL SYSTEM

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