Tag Archives: Electronic Banking

CASHLESS POLICY AND BANKS’ PROFITABILITY IN NIGERIA (Published)

The transformation of the financial sector of the Nigerian economy has always occupied a cardinal position in the economic policies of all political administrations in Nigeria. Using electronic banking as a platform, the cashless policy was introduced to further deepen the financial market microstructure. This study examined the impact of cashless policy on the profitability of Nigerian banks, against the backdrop that these banks in a cash based economy are known for their huge profits even in the face of associated high cost of operations. Basically, will banks in the cashless regime still make as much profits as they use to make? To address this, secondary data were collected and analyzed using content analysis comparing profits under cash based policy with a cashless regime. The results revealed that cashless economic policy positively impact on banks’ profit through reduction in cost of operations and banking the unbanked populace.

Keywords: Cashless, Electronic Banking, Information Communication Technology, POS, financial reforms

Implication Of Agent Banking On Profitability Of Nigerian Commercial Banks. (Review Completed - Accepted)

Agent banking has become an essential practice of financial institution in bringing their services closer to the people at the grass root. There is no doubt that agent banking if adopted into Nigerian banking system will help to improve banks profitability. The aim of this study is to investigate the implication of agent banking on the profitability of Nigerian commercial banks. The study made use of descriptive survey in carrying out the research and content analysis in analyzing the work. It was revealed that agent banking has proved to have essential role to play in improving customers satisfaction and bank profitability and it was recommend that agent banking should be adopted in Nigeria

Keywords: ATM, Agent banking, Electronic Banking, Masters Card, Profitability