Browsing by Author "Oluwaseun Yinka ADEPOJU"

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    Bankers Cashless Policy and Economic Performance in Nigeria
    (Lead City University, 2023-12) Oluwaseun Yinka ADEPOJU
    Advancement in technology in the banking sector in Nigeria has made it possible for the implementation of cashless policy in Nigeria. Bank users are encouraged to use alternative banking services provided with the aid of technology instead of the traditional banking hall services. However, this policy has some implication for banks, bank customers and the economy. This study therefore explores the bank cashless policy and economic performance in Nigeria . The data for variables in this study covered 2009Q1 to 2020Q4 and was analyzed using the ARDL method of estimation. The study found that in the short term, ATM and POS transactions have a positive impact on bank performance, while IB and MB, MI, have a negative impact. In the long run, only ATM has a significant positive effect on economic performance, while IB and POS have significant negative effects. BMI, INT, and LR have significant positive effects on both bank performance and economic performance. It was concluded that the cashless policy has a significant impact on the performance of banks and economic growth in Nigeria. It was recommended that banks need to carefully manage their adoption of the cashless policy channels and consider the short-run impacts on their performance, since most of the impacts in the short run are not immediate. Keywords: Cashless Policy, Electronic Banking, Economic Growth, Customers Satisfaction, Profitability and Bank Performance. Word Count: 221