EFFECT OF ELECTRONIC BANKING ON PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

Abstract

This research looks on the performance of deposit money banks in Nigeria. This analysis used secondary data acquired from financial reports of the selected banks. The research used descriptive statistical techniques and a panel data estimation approach to examine the data gathered. The research disclosed that ATM has significant impact on banks profitability at a 5% significant level, POS has an advantageous benefit to bank profitability and is also statistically noteworthy, similarly, mobile banking has a beneficial influence on the profitability of the banks at a 5% significant level. The research shows that electronic banking has a major impact on the functioning of Nigerian deposit money institutions. The research consequently suggests that banks offer multiple offerings and services through Point of Sale (POS) and Mobile Banking (MB) in an effective, profitable, and economically feasible manner in order to further enhance their financial performance.