ABSTRACT
The concept of financial inclusion has been gradually accepted in the global world since it is known as one of the key driver of economic growth and development. The Central Bank of Nigeria’s cashless policy introduced in Nigeria in the year 2011 has in its objective, the financial inclusion. In view of this, the researcher seeks to assess the impact of electronic banking on financial inclusion in Nigeria. The study utilized the total number of automated teller machines, point of sale devices and internet banking operation in Nigeria to represent electronic banking for the period under review. The study used Statistical Package for Social Study with the aid of linear regression analysis. The finding revealed that both internet banking and automated teller machines have insignificant impact on financial inclusion while the point of sale devices significantly impact financial inclusion in Nigeria. Based on the findings as revealed by the study, it is recommended that all the deposit money banks in Nigeria should work on the challenges that hinder the successful operation of automated teller machines and internet banking and strive to meet international best practice. Moreover, the number of point of sales should be increase and made available with easy accessibility to the users.
KEYWORDS Financial Inclusion, Electronic Banking, Automated Teller Machine, Point of Sale and Internet Banking.
USMAN, U (2021). The Effect Of Financial Technology On Financial Inclusion In Nigeria. Afribary. Retrieved from https://tracking.afribary.com/works/the-effect-of-financial-technology-on-financial-inclusion-in-nigeria
USMAN, USMAN "The Effect Of Financial Technology On Financial Inclusion In Nigeria" Afribary. Afribary, 07 Apr. 2021, https://tracking.afribary.com/works/the-effect-of-financial-technology-on-financial-inclusion-in-nigeria. Accessed 20 Sep. 2024.
USMAN, USMAN . "The Effect Of Financial Technology On Financial Inclusion In Nigeria". Afribary, Afribary, 07 Apr. 2021. Web. 20 Sep. 2024. < https://tracking.afribary.com/works/the-effect-of-financial-technology-on-financial-inclusion-in-nigeria >.
USMAN, USMAN . "The Effect Of Financial Technology On Financial Inclusion In Nigeria" Afribary (2021). Accessed September 20, 2024. https://tracking.afribary.com/works/the-effect-of-financial-technology-on-financial-inclusion-in-nigeria