E-banking in developing economy: empirical evidence from Nigeria
Journal Title: Journal of Applied Quantitative Methods - Year 2010, Vol 5, Issue 2
Abstract
This paper empirically examines the impact of e-banking in Nigeria’s economy using Kaiser-Meyar-Olkin (KMO) approach and Barlett’s Test of Sphericity which support the use of factor analysis in order to extract independent variables associated with e-banking. The paper explores the major factors responsible for internet banking based on respondents’ perception on various e-banking applications. It also provides a framework of the factors which are taken to assess the e-banking perception. Due to emergence of global economy, ebusiness has increasingly become a necessary component of business strategy and a strong catalyst for economic development. E-banking has become popular because of its convenience and flexibility, and also transaction related benefits like speed, efficiency, accessibility, etc. The results of this study shows that e-banking serves several advantages to Nigerian banking sector. The customers (respondents) perception is that e-banking provides convenience and flexible advantages. It also provides transaction related benefits like easy transfer, speedy transaction, less cost and time saving. However, the study shows that the Nigerian customers have security, access, and no enough knowledge regarding e-banking services rendering by banking sector in Nigeria. The study suggest that critical infrastructure like power and telecommunication should be provided and with high level of stability to ensure the application of e-banking in Nigeria. Also, the relative skewed nature of banks location mostly in urban area should be addressed to ensure spread and accessibility by rural dwellers.
Authors and Affiliations
Elisha AUTA
Keywords
Related Articles
- EP ID EP97450
- DOI -
- Views 111
- Downloads 0
Estimating the Project's Utility by Means of Harmonization Theory
This paper is a generalization of our previous publications [2,19-20] where some newly developed models of the harmonization theory, together with various practical applications, have been outlined. The goal of the paper...
Analyzing the Students’ Academic Integrity Using Quantitative Methods
The transition period in Romania has generated a series of important changes, including the reforming of the Romanian tertiary education. This process has been accelerated after the signing of the Bologna treaty. Importa...
Generalized Burr-Hatke Equation as Generator of a Homographic Failure Rate
Starting from a generalized form of Burr-Hatke differential equation namely dϕ / dx = u(x) ⋅ϕ [sup]a[/sup] + v(x) ⋅ϕ [sup]b[/sup] (see for details [18]), we obtain – for peculiar choices of u, v, a and b – as a solutio...
The Estimation of Maximum Effort in Weight Lifting Processes
Starting from defining the processes connected to lifting weights this article wishes to accomplish a quantitative analysis applied to the lifting processes. Also, based on the data collected at the recently ended Olympi...
Performance Analysis of Parallel Algorithms
A grid is a collection of individual machines. The goal is to create the illusion of a powerful computer out of a large collection of connected systems sharing resources. Some resources may be used by all users of the gr...